Market: Hong Kong / Shanghai
ISIN: CNE100000437 / CNE100000D55
Industry: Industrial Engineering

Shanghai Electric, a leading global supplier of industrial-grade eco-friendly smart system solutions with a presence around the world, is dedicated to smart energy, intelligent manufacturing, and the integration of digital intelligence. Keeping up with the trends of high-end, eco-friendly, and smart growth, we apply our technological empowerment experience to promote high-quality industrial development both in China and around the globe and to generate green, sustainable value for a better human existence.

At Shanghai Electric, which is known as the center of China's power sector, we have claimed several national and international firsts over the past 120+ years. We won the China Industry Awards and boasts the highest brand value in China's machinery industry, at 161.739 billion CNY. In the smart energy field, we are creating solutions for multi-energy complementation between wind, solar, and hydrogen storage, as well as an integrated process of generation, grid, load, and storage. Furthermore, we also stay committed to constructing a new generation of comprehensive global electricity systems and all-round zero-carbon industrial parks. In the field of intelligent manufacturing, we provide solutions for Li-ion production lines, digital healthcare, rail transit and general equipment. In the field of digital intelligence integration, exceptional competence for extreme manufacturing enables us to deliver system solutions across many industry chains, including new energy automotive, large passenger aircraft, contemporary marine and digitization. Upholding the principles of opening up and mutually beneficial collaboration, we promote worldwide innovation and eco-friendly sustainable development through partnerships with global clients, partners, workers, and other creative minds by cooperating with more than 70 of the world's most prestigious enterprises.

In the future, Shanghai Electric will focus on low-carbon development and digital transformation by opening up new arenas and promoting new growth drivers, and will strive to be a leader in the pursuit of the "Dual Carbon Goals", new energy equipment production, and high-end equipment localization, utilizing the boundless opportunities in an innovative industrial ecosystem!



Financial Summary (RMB millions) 2021 2022 2023
Revenue and Profit
Total revenue 130,261 117,623 114,797
Total profits/(losses) (10,290) (1,975) 3,295
Income tax expense (50) 338 1,140
Net profits/(losses) (10,240) (2,313) 2,155
Net profits/(losses):
Attributable to equity owners of the Company (9,988) (3,566) 285
Minority interests (252) 1,253 1,870
Assets and Liabilities
Non-current assets 91,026 86,867 91,440
Current assets 209,776 201,154 191,827
Current liabilities 168,879 163,525 167,725
Net current assets 40,897 37,628 24,102
Total assets less current liabilities 131,923 124,495 115,542
Non-current liabilities 33,778 30,301 38,615
Total owners’ equity 98,144 94,194 76,927
Total equity attributable to equity owners of the Company 58,134 54,862 52,798
Minority interests 40,010 39,332 24,129
Key fnancial indicators
Basic earnings per share (RMB/share) (0.640) (0.228) 0.018
Diluted earnings per share (RMB/share) (0.640) (0.228) 0.018
Weighted average net assets return rate (%) (15.69) (6.31) 0.53
Net assets per share attributable to shareholders of the listed company (RMB/share) 3.70 3.52 3.39