Shanghai Electric announced on Apr. 17 its financial results for 2025, reporting revenues of RMB 126.68 billion (USD 18.58 billion), an increase of 9.03% compared to the previous year. The company said net profit attributable to shareholders reached RMB 1.206 billion (USD 176.92 million), up by 60.37% year-on-year, while new orders totaled RMB 172.81 billion (USD 25.35 billion), a record high with a growth rate of 12.50%.
The company presented these results at its annual meeting in Hong Kong on April 2, discussing performance figures and future plans with institutional investors and analysts, according to the press release. Shanghai Electric reported significant improvements in operational indicators during the year, driven by breakthroughs in new orders, technological innovation, and synergies across business segments.
Operating profit for the group rose to RMB 5.02 billion (USD 736.73 million), representing a year-on-year increase of over one third, while basic earnings per share climbed by more than sixty percent to RMB 0.078 per share.
In terms of business segments, the power equipment division generated revenues of RMB 75.02 billion (USD11.01 billion), marking a growth rate above twenty percent from last year and reinforcing what the company described as an industry-leading position.
The press release highlighted that Shanghai Electric made technological advances in emerging areas such as green methanol, green hydrogen production, energy storage solutions, and superconductivity-based power generation systems during the reporting period.
Investments in research and development reached RMB6.164 billion (USD904 million) for the year as part of ongoing efforts to support product modernization through technology innovation.
Looking ahead to next year’s priorities, Shanghai Electric said it will continue focusing on technology-driven competitiveness: “Innovation will remain our main driving force; digital transformation is our strategic direction; ecological development is our foundation.” The company stated it aims to modernize traditional sectors toward higher quality standards while expanding its presence in strategic emerging industries.
