All Photos
No.116 Fuhua 3rd Road,Futian District,Shenzhen,Guangdong
SHANGHAI, Sept. 6, 2024 /PRNewswire/ -- Shanghai Electric ("the Company") (SEHK:2727, SSE:601727) releases its financial results for the first half of 2024, reporting a revenue of RMB 49.869 billion, with the net profit attributable to shareholders hitting RMB 602 million, a 2.0% increase compared to the previous year. In H1, the Company also achieved a gross profit margin of 19.2%, while cash and cash equivalents stood at RMB 34.102 billion.
During the reporting period, Shanghai Electric has continued to advance its strategy for sustainable growth, with sales expenses reduced to RMB 1.362 billion and financial expenses down by 30.58% to RMB 202 million. The Company's research and development (R&D) investment remained steady, with a total of RMB 2.327 billion, consistent with the same period last year.
Shanghai Electric's strong focus on high-end equipment manufacturing has delivered positive outcomes across its key businesses. For the energy equipment, the Company generated revenue of RMB 24.654 billion, with a gross profit margin of 20.10%. The industrial equipment division reported revenue of RMB 18.959 billion, achieving a gross profit margin of 17.40%, while the integrated service business posted revenue of RMB 7.961 billion, with a gross profit margin of 16.60%. Overall, Shanghai Electric secured new orders worth RMB 83.66 billion in the first half of the year, an increase compared to the same period last year.
Continued innovation and growth driven by a diverse energy portfolio
A pioneering force empowering the global energy transition
For more information about Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/ .
No.116 Fuhua 3rd Road,Futian District,Shenzhen,Guangdong
Disclaimer: We are partners of Ctrip (including Tongcheng Elong, Qunar,Zhuna, etc.), booking, Agoda and Expedia. We only provide The Ritz-Carlton Shenzhen online booking service for you. Your reservation will be forwarded to the hotel by Ctrip, Tongcheng Elong and other partners. If there are problems such as liquidated damages, Tongcheng ELong or Ctrip will deduct the money and transfer it to the hotel, We are not the official website of The Ritz-Carlton Shenzhen, please know.
All rights reserved | 深圳星河丽思卡尔顿酒店 ◎ The Ritz-Carlton Shenzhen