Shanghai Electric Group Co., Ltd.

2.74 HKD
+0.04
+1.48%

China
Jun 22, 2018
Ticker
HKG(2727)
Prev. close
2.70
Market cap (HKD)
98,002.36M
Market cap (USD)
12,491.37M
Shares
14,725.18M

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See more articles on Shanghai Electric Group Co., Ltd.

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, High Efficiency and Clean Energy, Industrial Equipment, Modern Services, and Other. The New Energy segment engages in the designing, manufacturing and selling of nuclear power island equipment products, wind power equipment products and heavy machinery including large forging components. The High Efficiency and Clean Energy segment engages in the designing, manufacturing and selling of thermal power equipment products and collar equipment, nuclear power conventional island equipment products and power transmission and distribution equipment products. The Industrial Equipment segment engages in the designing, manufacturing and selling of elevators, electrical motors, machine tools, printing and packaging equipment, marine crankshafts, and other electromechanical equipment products. The Modern Services segment engages in the provision of integrated engineering services for power station projects and other industries, financial products and services, international trading services, financial lease and consultancy services and insurance brokerage services. The Other segment includes components such as the central research institute. The company was founded on March 1, 2004 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2017	HKD	USD
Revenue	91,089.32M	11,688.88M
Gross Profit	19,621.47M	2,517.89M
Operating income	2,936.32M	376.79M
Income before tax	4,826.98M	619.41M
Net income	3,066.72M	393.53M
EBITDA	5,406.69M	693.80M
Diluted EPS	0.21	0.02
Dividends Per Share	0.11	0.01
Total Assets	239,303.68M	30,612.06M
Total liabilities	155,433.02M	19,883.21M
Total equity	65,210.78M	8,341.85M
Operating cash flow	-5,930.04M	-760.96M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	99,791.38M	96,436.54M	97,415.73M	102,619.54M	91,089.32M
Gross Profit	18,725.75M	19,492.37M	20,038.19M	21,163.94M	19,621.47M
Operating income	4,474.96M	5,050.83M	4,366.17M	5,549.04M	2,936.32M
Income before tax	5,912.16M	6,403.40M	6,960.93M	6,156.62M	4,826.98M
Net income	3,107.34M	3,214.89M	2,642.87M	2,800.52M	3,066.72M
EBITDA	6,564.14M	7,413.70M	6,393.27M	7,688.18M	5,406.69M
Diluted EPS	0.24	0.25	0.20	0.20	0.21
Dividends Per Share	0.09	0.07	0	0	0.11
Total Assets	165,596.29M	179,434.73M	197,486.88M	208,179.79M	239,303.68M
Total liabilities	109,571.90M	121,378.42M	135,740.14M	139,598.44M	155,433.02M
Total equity	41,248.93M	42,794.66M	45,417.86M	52,083.65M	65,210.78M
Operating cash flow	10,998.09M	8,252.52M	12,745.96M	14,827.98M	-5,930.04M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	12,865.28M	12,435.91M	12,565.59M	13,219.98M	11,688.88M
Gross Profit	2,414.15M	2,513.62M	2,584.71M	2,726.44M	2,517.89M
Operating income	576.92M	651.32M	563.19M	714.85M	376.79M
Income before tax	762.20M	825.74M	897.88M	793.12M	619.41M
Net income	400.60M	414.57M	340.90M	360.77M	393.53M
EBITDA	846.26M	956.02M	824.66M	990.43M	693.80M
Diluted EPS	0.03	0.03	0.02	0.02	0.02
Dividends Per Share	0.01	0.00	0	0	0.01
Total Assets	21,356.93M	23,138.38M	25,481.68M	26,850.99M	30,612.06M
Total liabilities	14,131.47M	15,651.93M	17,514.51M	18,005.38M	19,883.21M
Total equity	5,319.86M	5,518.43M	5,860.25M	6,717.74M	8,341.85M
Operating cash flow	1,417.89M	1,064.19M	1,644.09M	1,910.21M	-760.96M

Valuation Measures

Dec 2017
PER	14.73
ROA	1.37%
ROE	5.22%
Operating margin	3.22%
Profit margin	3.36%

Key executives

Chairman & Chief Executive Officer: Jian Hua Zheng
Chief Financial Officer: Kang Hu
Vice President: Gan Jin Chen
Co-Secretary & Director-Secretariat Office: Rong Fu
CTO-Shanghai Electric Automation Group: Xu Zhiming

Shareholders

Shanghai State-Owned Assets Supervision & Administration (10.2%)
Sarasin & Partners LLP (6.3%)
The Vanguard Group, Inc. (3.1%)
BlackRock Fund Advisors (1.9%)
PineBridge Investments Asia Ltd. (1.3%)
Norges Bank Investment Management (0.9%)
BlackRock Investment Management (UK) Ltd. (0.6%)
BlackRock Advisors (UK) Ltd. (0.5%)
Dimensional Fund Advisors LP (0.3%)
APG Asset Management NV (0.3%)

Contact Details

Website:http://www.shanghai-electric.com
Phone: +86.21.3261888

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Shanghai Electric Leasing Co. Ltd.
Shanghai Electric Windpower Equipment Co., Ltd.
Shanghai Electric Hydraulics & Pneumatics Co. Ltd.
Shanghai Electric Machinery Association
Shanghai Electric Engineering Consulting Co. Ltd.
Sewind Co., Ltd.
Shanghai Electric Lingang Heavy Equipment Machinery Co., Ltd.
Shanghai Electric Power Generation Equipment Co. Ltd.
Shanghai Denso Fuel Injection Co. Ltd.
Shanghai Electric Insurance Co. Brokerage Co. Ltd.
Shanghai Electric Finance Co.
Shanghai Crane & Conveyor Works Co. Ltd.
Shanghai Heavy Machinery Plant Co., Ltd.
Shanghai Electric International Economic & Trading Co. Ltd.
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Competitors

CITIC Heavy Industries Co., Ltd. Class A
Wuxi Huaguang Boiler Co., Ltd. Class A
OJSC Turboatom

Last Updated on 22 Jun, 2018

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