Producer Manufacturing
Shanghai Electric Group Co., Ltd.
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Company Background
Shanghai Electric Group produces a wide range of heavy equipment, from nuclear power stations to elevators to industrial robots. Founded in 2004 and headquartered in Shanghai, the company went public on the Hong Kong Exchanges and Clearing in 2005 and on the Shanghai Stock Exchange in 2008.
The company's net profit in 2014 stood at 2.51 billion yuan on sales of 76.7 billion yuan. Its power generation equipment business, which covers nuclear and wind harnessing, accounts for 50% of the company's sales. Its next biggest sales generator is its industrial machinery division, which makes elevators and industrial robots, at 30%. Its engineering business, which operates power-generation facilities and provides other services, is next, at 20%.
The Chinese government has suggested it will push nuclear power generation to solve the nation's air pollution problem and to meet domestic demand for electricity, which will rise as the country's economy further develops. Shanghai Electric Group Co. accounts for nearly half of China's nuclear power equipment market. With the government promoting reactor exports, the company is benefiting there, too.
The company traces its roots back to the Shanghai municipal government's heavy industry department. Shanghai Electric Group Corp., entirely owned by the municipality, owns about 57% of Shanghai Electric Group Co.
Business Summary
Shanghai Electric Group Co., Ltd. engages in equipment manufacturing businesses. It operates through the following business segments: New Energy and Environmental Protection, High Efficiency and Clean Energy, Industrial Equipment, Modern Services, and Others. The New Energy and Environmental Protection segment designs, manufactures, and sells nuclear island equipment products, wind power equipment products, environmental protection equipment products, and heavy machinery including large forging components; and provides solution package for comprehensive utilization of solid waste, sewage treatment, power generation, environment protection, and distributed energy systems. The High Efficiency and Clean Energy segment includes thermal power equipment products and collar equipment, nuclear power conventional island equipment products and power transmission and distribution equipment products. The Industrial Equipment segment consists of elevators, automation equipment, electrical motors, machine tools, components, and other electromechanical equipment products. The Modern Services segment offers integrated engineering services for power station projects and other industries, financial products and services, international trading services, financial lease and related consulting services, and insurance brokerage services. The Others segment includes components such as the central research institute and spare houses management. The company was founded on March 1, 2004 and is headquartered in Shanghai, China.
Financial Highlights
| Dec 2019 | HKD | USD |
| Revenue | 144,584.51M | 18,453.20M |
| Gross Profit | 24,571.76M | 3,136.07M |
| Operating income | 5,502.62M | 702.29M |
| Income before tax | 7,374.65M | 941.22M |
| Net income | 4,217.94M | 538.33M |
| EBITDA | 8,539.48M | 1,089.88M |
| Diluted EPS | 0.28 | 0.03 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 314,783.28M | 40,399.30M |
| Total liabilities | 210,465.22M | 27,011.11M |
| Total equity | 70,858.38M | 9,093.96M |
| Operating cash flow | 14,282.81M | 1,822.90M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 98,013.12M | 103,413.66M | 91,720.90M | 119,816.42M | 144,584.51M |
| Gross Profit | 17,624.46M | 19,535.46M | 18,120.96M | 21,697.13M | 24,571.76M |
| Operating income | 3,414.80M | 4,457.53M | 3,490.84M | 6,349.92M | 5,502.62M |
| Income before tax | 6,722.43M | 5,958.15M | 4,638.58M | 6,327.31M | 7,374.65M |
| Net income | 2,582.06M | 2,751.07M | 3,028.77M | 3,530.21M | 4,217.94M |
| EBITDA | 5,365.87M | 6,497.11M | 5,758.53M | 8,549.10M | 8,539.48M |
| Diluted EPS | 0.19 | 0.20 | 0.21 | 0.23 | 0.28 |
| Dividends Per Share | 0 | 0 | 0.11 | 0.06 | 0 |
| Total Assets | 197,486.88M | 208,179.79M | 239,303.68M | 249,192.96M | 314,783.28M |
| Total liabilities | 134,587.20M | 137,407.15M | 153,087.86M | 164,027.65M | 210,465.22M |
| Total equity | 46,867.88M | 53,439.06M | 66,669.23M | 65,331.28M | 70,858.38M |
| Operating cash flow | 12,545.99M | 14,705.49M | -6,081.79M | 2,385.00M | 14,282.81M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 12,642.65M | 13,322.28M | 11,769.92M | 15,287.49M | 18,453.20M |
| Gross Profit | 2,273.36M | 2,516.65M | 2,325.34M | 2,768.35M | 3,136.07M |
| Operating income | 440.47M | 574.24M | 447.95M | 810.19M | 702.29M |
| Income before tax | 867.12M | 767.56M | 595.23M | 807.30M | 941.22M |
| Net income | 333.05M | 354.40M | 388.66M | 450.42M | 538.33M |
| EBITDA | 692.14M | 836.99M | 738.95M | 1,090.78M | 1,089.88M |
| Diluted EPS | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| Dividends Per Share | 0 | 0 | 0.01 | 0.00 | 0 |
| Total Assets | 25,481.68M | 26,850.99M | 30,612.06M | 31,828.05M | 40,399.30M |
| Total liabilities | 17,365.75M | 17,722.75M | 19,583.21M | 20,950.35M | 27,011.11M |
| Total equity | 6,047.35M | 6,892.56M | 8,528.42M | 8,344.40M | 9,093.96M |
| Operating cash flow | 1,618.30M | 1,894.43M | -780.43M | 304.30M | 1,822.90M |
Valuation Measures
| Dec 2019 | |
| PER | 8.08 |
| ROA | 1.49% |
| ROE | 6.19% |
| Operating margin | 3.80% |
| Profit margin | 2.91% |
Key executives
- Chairman & Chief Executive Officer: Jian Hua Zheng
- President & Executive Director: Ou Huang
- Chief Financial Officer: Kang Hu
- Vice President: Gan Jin Chen
- Vice President: Ya Cheng Lv
Shareholders
- Shanghai State-Owned Assets Supervision & Administration (11.5%)
- Sarasin & Partners LLP (6.4%)
- The Vanguard Group, Inc. (3.0%)
- BlackRock Fund Advisors (1.7%)
- Dimensional Fund Advisors LP (1.0%)
- BlackRock Investment Management (UK) Ltd. (0.9%)
- Robeco Institutional Asset Management BV (0.6%)
- BlackRock Japan Co., Ltd. (0.3%)
- SSgA Funds Management, Inc. (0.3%)
- Sands Capital Management LLC (0.3%)
Contact Details
- Website:http://www.shanghai-electric.com
- Address: 110 Sichuan Middle Road, Huangpu District, Shanghai, 200002, China
- Phone: +86.21.3261888
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Competitors
- CITIC Heavy Industries Co., Ltd. Class A
- Xiangtan Electric Manufacturing Co., Ltd. Class A
- Siemens Energy AG
- Wuxi Huaguang Environment & Energy Group Co., Ltd. Class A
- OJSC Turboatom
- ECA SA
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Last Updated on 15 Jan, 2021
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