ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Producer Manufacturing

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 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 HKDUSD
Revenue144,584.51M18,453.20M
Gross Profit24,571.76M3,136.07M
Operating income5,502.62M702.29M
Income before tax7,374.65M941.22M
Net income4,217.94M538.33M
EBITDA8,539.48M1,089.88M
Diluted EPS0.280.03
Dividends Per Share00
Total Assets314,783.28M40,399.30M
Total liabilities210,465.22M27,011.11M
Total equity70,858.38M9,093.96M
Operating cash flow14,282.81M1,822.90M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER8.08
ROA1.49%
ROE6.19%
Operating margin3.80%
Profit margin2.91%

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 (11.3%)
  • Sarasin & Partners LLP (6.3%)
  • 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 (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • SSgA Funds Management, Inc. (0.3%)
  • BlackRock Japan Co., Ltd. (0.3%)

Contact Details

Related Companies

  • Shanghai Marine Crankshaft Co., Ltd.
  • Shanghai Institute of Mechanical & Electrical Engineering Co.
  • Shanghai Boiler Works Ltd. (Sub)
  • Sewpg European Innovation Center Ap
  • Shanghai Electric Group Digital Technology Co., Ltd.
  • Shanghai Institute of Mechanical & Electrical Eng Co., Ltd.
  • Shanghai Electric Wind Power Yunnan Co., Ltd.
  • Shanghai Electric Milling Equipment Co., Ltd.
  • Shanghai Electric Transmission & Distribution Group Co., Ltd.
  • Shanghai Electronics Import & Export Co., Ltd.
  • Shanghai Feihang Electric Wire & Cable Co., Ltd.
  • Shanghai Electric Wind Power Group Co., Ltd.
  • Shanghai Electric Investment Co., Ltd.
  • Shanghai Puhai Qiushi Electric Power High Technology
  • Shanghai Electric Wind Energy Co., Ltd.
  • Shanghai Heavy Machinery Works Co., Ltd.
  • Shanghai Lianneng Meters Co., Ltd.
  • Shanghai Electric Nuclear Power Equipment Co., Ltd.
  • Shanghai Renmin Electrical Apparatus Works Co., Ltd.
  • Shanghai Electric Group Property Co., Ltd.
  • Thales SEC Transportation System Co., Ltd.
  • Shanghai Electric Investment (Dubai) Ltd.
  • Shanghai Electric Hongkong Co., Ltd.
  • Shanghai Electric Germany Holding GmbH
  • Shanghai Electric Power Transmission & Dist Eng Co., Ltd.
  • Shanghai Electric Industry Co., Ltd.
  • Shanghai Electric Fuji Electric Power Technology Co.,Ltd.
  • Shanghai Electric Newage Company Limited
  • Shanghai Electric Hong Kong Co., Ltd.
  • Tec4aero GmbH

Competitors

  • CITIC Heavy Industries Co., Ltd. Class A
  • Xiangtan Electric Manufacturing Co., Ltd. Class A
  • Wuxi Huaguang Environment & Energy Group Co., Ltd. Class A
  • OJSC Turboatom
  • ECA SA
Last Updated on 22 Sep, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media