Shanghai Electric Group Secures Shanxi Power Plant Project Valued at 449.2 Million Yuan

Deep News06-25

According to publicly available corporate data, Shanghai Electric Group Company Limited (601727.SH) announced on June 25, 2026, that it has been awarded a procurement project for Shanxi Yuguang Power Generation Co., Ltd. The winning bid, following the third tender for the #1 unit steam turbine flow passage modification project, amounts to 449.2 million yuan.

Financial Performance Overview

For the full year 2025, Shanghai Electric Group Company Limited (601727.SH) reported operating revenue of 126.679 billion yuan, representing a growth rate of 9.03%. Net profit attributable to the parent company was 1.206 billion yuan, surging by 60.30% year-on-year. The company's return on equity stood at 2.24%.

In the first quarter of 2026, the company's operating revenue reached 24.319 billion yuan, with a growth rate of 9.32%. Net profit attributable to the parent company for the quarter was 380 million yuan, increasing by 30.15%.

Business Segment Analysis

The company operates in the industrial sector. Its primary product categories include semiconductor solar photovoltaics, packaging machinery, ships (components) and their maintenance, low-voltage electrical appliances, power machinery, generators and auxiliary equipment, industrial control machinery, boilers and auxiliary equipment, environmental protection machinery, relay protection and dispatching automation, monitoring equipment and systems, steam (water, gas) turbines and auxiliary equipment, light engineering machinery, flue gas desulfurization systems, heavy construction machinery, heavy-duty trucks and special vehicles, and specialized equipment and components.

According to its 2025 annual report, the revenue composition was primarily from sales of goods, accounting for 79.98% of the total. This was followed by provision of services at 8.67%, engineering construction at 6.71%, and other business activities at 4.65%.

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