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Shanghai Electric's Mid-Year Performance: Revenue and Profit Surge

Shanghai Electric, a prominent global player in the manufacturing of industrial and energy equipment, has published its interim report for 2025, revealing significant financial achievements for the half-year period ending June 30, 2025. The company reported a total revenue of 54.303 billion RMB (approximately 7.605 billion USD), reflecting an 8.9% increase year-over-year. The net profit attributable to the shareholders has also seen a commendable surge of 7.3%. These results underscore Shanghai Electric's successful strategic initiatives in emerging sectors and its escalating presence in international markets.

Overview of Business Segments

The company's three primary business sectors—energy equipment, industrial equipment, and integrated services—have collectively boosted their operations to enhance the revenue structure and project portfolio. Notably:

• - The energy equipment segment brought in 30.116 billion RMB (approx. 4.218 billion USD), showcasing a substantial year-on-year growth of 22.2%.
• - The industrial equipment segment maintained steady performance with revenues of 18.598 billion RMB (approx. 2.604 billion USD), largely consistent with the previous year's figures.
• - The integrated services sector experienced moderate growth, generating 8.260 billion RMB (around 1.156 billion USD), which is an increase of 3.8%.

In the first half of 2025, Shanghai Electric secured new orders totaling 109.81 billion RMB (approximately 15.38 billion USD). The energy equipment sector accounted for the highest orders at 60.04 billion RMB (around 8.41 billion USD), followed by the industrial equipment sector with 22.82 billion RMB (approx. 3.2 billion USD) and integrated services at 26.95 billion RMB (about 3.77 billion USD). Special attention is warranted for the rapid growth in new energy orders, reflecting the company’s commitment to transitioning towards greener energy solutions.

Moreover, overseas revenues reached 8.696 billion RMB (about 1.218 billion USD), marking an increase of 11.7% compared to last year. Significant milestones include the timely completion of the 220 kV digital substation project in Zafarabad, Uzbekistan, and the full commissioning of the 500 kV transmission line project in Sarawak, Malaysia. These achievements align with Shanghai Electric's strategic focus on the Belt and Road Initiative, further bolstering its market share in participant nations.

Commitment to Technological Innovation

Shanghai Electric has prioritized technological innovation, investing 2.546 billion RMB (around 356.61 million USD) in research and development in the first half of 2025, representing 4.7% of its total operating income and a 9.4% year-over-year increase. This investment reinforces its status as a technological leader and highlights significant breakthroughs in controlled nuclear fusion, artificial intelligence, and robotic innovation.

In July 2025, the company delivered the world's first cryogenic testing Dewar for the ITER (International Thermonuclear Experimental Reactor) magnet. Additionally, Shanghai Electric unveiled its double-arm industrial robot LINGKE and its humanoid industrial robot SUYUAN, marking the establishment of a comprehensive robotic ecosystem encompassing industrial, specialized, and intelligent robotics.

Furthermore, the company made significant strides in energy storage technology with its solid-state battery production line, which successfully passed rigorous real-world project validations. This advancement positions Shanghai Electric as a precursor in next-generation energy storage solutions.

For more detailed insights and updates, visit Shanghai Electric's official website.
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