- Business
- Shanghai Electric Group Company Limited, headquartered in Shanghai, China, and founded in 1902, operates as a leading Chinese multinational manufacturer of power generation and electrical equipment, with a focus on energy power, industrial equipment, and integration services segments. The company designs, manufactures, and sells core products including thermal generator sets such as coal-fired, gas-fired, ultra-supercritical, and combined cycle units; nuclear power equipment encompassing nuclear islands, pumps, valves, and auxiliary systems; wind turbines for onshore and offshore applications; power transmission and distribution gear like transformers, switchgear, substations, and inverters; environmental protection solutions including wastewater treatment, flue gas desulfurization, and solid waste management; industrial automation systems; elevators; rail transit equipment; machine tools; medical devices; and oil and gas engineering equipment, alongside emerging offerings in concentrated solar power, battery storage, and industrial internet platforms. Shanghai Electric maintains extensive global operations across Asia, the Middle East, Europe, and beyond, serving utility, industrial, and commercial customers through turnkey engineering, general contracting, and lifecycle services. Recent developments include a November 2025 framework agreement with Siemens AG for medium- and low-voltage power system equipment to advance digitalization and low-carbon goals, building on April and July 2025 strategic pacts; major energy project partnerships in Saudi Arabia and Oman with Masdar and Mawarid Group in April 2025 for solar and wind initiatives; robust order intake with RMB 153.60 billion in new contracts for 2024 and RMB 109.81 billion in the first half of 2025, driven by new energy growth; and revenue expansion to RMB 54.303 billion in H1 2025 alongside net profit gains, reflecting accelerated green energy transitions and Belt and Road Initiative projects such as substations in Uzbekistan and transmission lines in Malaysia.