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Producer Manufacturing

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

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 HKDUSD
Revenue91,089.32M11,688.88M
Gross Profit19,621.47M2,517.89M
Operating income2,936.32M376.79M
Income before tax4,826.98M619.41M
Net income3,066.72M393.53M
EBITDA5,406.69M693.80M
Diluted EPS0.210.02
Dividends Per Share0.110.01
Total Assets239,303.68M30,612.06M
Total liabilities155,433.02M19,883.21M
Total equity65,210.78M8,341.85M
Operating cash flow-5,930.04M-760.96M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 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 2013Dec 2014Dec 2015Dec 2016Dec 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
PER14.73
ROA1.37%
ROE5.22%
Operating margin3.22%
Profit margin3.36%

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

Related Companies

  • Shanghai Electric Wind Energy Co., Ltd.
  • Shanghai Heavy Machinery Works Co., Ltd.
  • Shanghai Lianneng Meters Co., Ltd.
  • Shanghai Electric Nuclear Power Equipment Co., Ltd.
  • Beijing CNR CR Transportation Equipment Co., Ltd.
  • Shanghai Renmin Electrical Apparatus Works
  • Shanghai Electric Group Property Co., Ltd.
  • Shanghai Electric Investment (Dubai) Ltd.
  • Shanghai Electric Hongkong Co., Ltd.
  • Shanghai Electric Germany Holding GmbH
  • Shanghai Electric Power T&D Group Co. Ltd.
  • Shanghai Electric Industry Co. Ltd.
  • Shanghai Electric Fuji Electric Power Technology Co.,Ltd.
  • Shanghai Electric Newage Company Limited
  • Shanghai Blower Works Co., Ltd.
  • 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.
  • SMAC Werkzeugamaschine GmbH

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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