Shanghai Electric Reports 8.9% Revenue Increase in First Half of 2025, Driven by Energy Sector Growth
SHANGHAI, September 9, 2025 – Shanghai Electric Group today announced a robust financial performance for the first half of 2025, reporting revenue of RMB 55.138 billion (approximately USD 7.6 billion), an 8.9% increase year-on-year. The growth was significantly propelled by a 22% surge in energy sales, demonstrating the company’s strengthening position in the power generation and distribution sectors. Profit also increased, though specific figures were not immediately disclosed.The results underscore Shanghai Electric’s strategic focus on technological innovation and international expansion, especially within the Belt and Road Initiative. The company’s commitment to research and development, coupled with breakthroughs in advanced technologies like controlled nuclear fusion and robotics, are positioning it as a key player in the global energy transition and intelligent manufacturing landscape.
Shanghai Electric invested RMB 2.546 billion (USD 356.61 million) in R&D during the first half of the year, representing 4.7% of its total operating revenue – a 9.4% increase year-on-year. Key achievements included the delivery of the world’s first cryogenic test Dewar for the ITER magnet and the launch of its SUYUAN industrial robots, establishing a thorough robotics ecosystem.
further solidifying its technological advancements,the company’s solid-state battery production line has successfully completed real-world project validation,marking a important step towards next-generation energy storage solutions. Recent projects include collaborations in Sarawak, Malaysia, aligning with the company’s belt and Road strategy and expanding its market share in participating countries.