Shanghai Electric Posts 16.6% Revenue Growth in H1 2026

Shanghai Electric has reported a 16.6% increase in revenue for the first half of 2026, reaching CNY 63.332 billion. The net profit attributable to shareholders rose 18.2% to CNY 970 million. New orders totaled CNY 100.39 billion, highlighting success in energy transition and international expansion.

The company's Energy Equipment segment saw a 21.4% revenue rise, driven by wind power and energy storage. Industrial Equipment revenue increased by 1.9%, benefiting from digital advancements. The Integrated Services segment grew by 31.5%, enhancing supply chain and lifecycle services.

Notable projects included contracts for high-end elevators in Dubai and energy solutions in Europe, marking an expansion of Shanghai Electric's global influence, particularly in green energy and industrial AI technologies.