Welcome to our dedicated page for Shanghai Elec Group Co news (Ticker: SIELY), a resource for investors and traders seeking the latest updates and insights on Shanghai Elec Group Co stock.
Shanghai Elec Group Co Ltd (SIELY) delivers cutting-edge industrial equipment and renewable energy solutions through its focus on digital transformation and smart manufacturing. This news hub provides investors and industry professionals with timely updates on the company’s strategic developments and operational milestones.
Access authoritative reports on SIELY’s financial performance, technological innovations, and global partnerships. Our curated collection includes earnings announcements, project completions, and advancements in offshore wind power systems and digital substation technologies.
Key updates cover three core areas: energy equipment innovations like solar/wind integration, industrial automation breakthroughs enhancing manufacturing efficiency, and strategic collaborations advancing low-carbon solutions. Bookmark this page to monitor Shanghai Elec Group’s progress in reshaping sustainable industrial practices worldwide.
Shanghai Electric (SIELY) has secured two major renewable energy partnerships in the Middle East. The company signed a 2-gigawatt photovoltaic project with Abu Dhabi's Masdar in Saudi Arabia and a comprehensive wind power agreement with Oman's Mawarid Group.
The Sadawi photovoltaic project, spanning 40 square kilometers, will generate over 6 billion kWh annually, powering 700,000 households and reducing carbon emissions by 3 million tons. In Oman, the partnership includes wind turbine supply, technology transfer, and localized factory design.
These agreements support Saudi Arabia's Vision 2030 and Oman Vision 2040 initiatives, focusing on energy transformation through technology exports and local manufacturing. The collaborations aim to reduce fossil fuel dependence, promote economic diversification, and establish Shanghai Electric as a key player in the Middle East's renewable energy market.
Shanghai Electric (SIELY) reported strong financial performance in 2024, with revenue reaching RMB 116.19 billion and total assets of 302.51 billion yuan. The company's energy equipment sector saw new orders of 89.1 billion yuan, an 18.45% year-over-year increase.
Key technological achievements include the launch of their 18MW-25MW Poseidon wind turbine platform, a 250kW-class vanadium-iron flow battery, and advancement in hydrogen energy with their TÜV-certified Z-series alkaline electrolyzer. The high-end industrial manufacturing segment secured new orders of 42.293 billion yuan, while integrated services grew 13.02% to 22.214 billion yuan.
R&D expenses increased 5.5% to 5.67 billion yuan, resulting in 6,823 valid patents. The company's ESG initiatives included launching a carbon management platform that reduced CO2 emissions by 23,000 tons, with ten facilities designated as Shanghai Smart Factories.
Shanghai Electric (SEHK:2727, SSE:601727) announced strategic cooperation agreements worth CNY 3.637 billion at Hannover Messe 2025 with enterprises from over 10 countries, including Germany, U.K., France, Egypt, and Zambia. The collaborations focus on green and low-carbon solutions, smart infrastructure, and high-end manufacturing.
The company unveiled 20+ cutting-edge technologies, including three flagship products: the 'Thinker' Smart PV Module with AI-driven optimization, Next-Gen Hydrogen Cubic-Level Type-I Electrolyzer, and 50 Nm³/h Seawater/Wastewater-to-Hydrogen System.
Through subsidiary BROETJE Automation, they introduced the 'Snowflake' Mobile Robotic Platform combining industrial robots with AGVs. The company also showcased NEV solutions including a 900V DC high-voltage industrial air compressor and modular thermal management systems, along with their 'Full-Stack' Zero-Carbon Park Solution for industrial decarbonization.
Shanghai Electric (SEHK:2727, SSE:601727) announces its inaugural participation at Hannover Messe 2025, showcasing over 20 breakthrough technologies from March 31 to April 4 at Stand A18, Hall 9. The company will present innovations in smart manufacturing, focusing on aerospace automation systems, e-mobility solutions, and zero-carbon industrial park systems.
The exhibition will feature eight themed roadshows covering the company's green industrial vision, aircraft assembly lines, EV thermal management and powertrain systems, wind turbine R&D, smart PV systems, green hydrogen equipment, and industrial drive systems. The company's booth will showcase NEV core components, including automated production lines for power batteries, drive motors, and electronic control systems, complemented by an immersive naked-eye 3D display demonstrating their multi-energy management frameworks across six business segments.
Shanghai Electric (SIELY) has partnered with nine research enterprises to establish China's first heterogeneous humanoid robot training facility, the Humanoid Robot Kylin Training Ground. The facility currently accommodates over 100 robots, with plans to expand capacity to train 1,000 general-purpose robots by 2027.
The initiative, launched in collaboration with the National and Local Co-Built Humanoid Robotics Innovation Center, will implement training programs across various industries including equipment manufacturing, automotive production, and home appliances. Shanghai Electric Nuclear Power Group successfully deployed its first humanoid robot for nuclear industry operations on December 1, 2024, focusing on extreme and high-risk operational environments.
Since March 2024, the company's Central Research Institute has been exploring practical applications of humanoid robots in the nuclear power industry, aiming to replace high-intensity, high-risk, and repetitive tasks to enhance efficiency and safety in nuclear power manufacturing.
Shanghai Electric (SEHK:2727, SSE:601727) has successfully completed Uzbekistan's first digital substation, the Zafarabad 220kV Digital Substation in Jizzakh Province. The state-of-the-art facility spans 75,000 square meters and will double the power supply to the Jizzakh region with a 400-megawatt capacity.
The substation features two 250 MVA auto-transformers that will step down voltage from 220kV to 110kV for local distribution. The fully digitalized system includes advanced monitoring and data acquisition capabilities, reducing on-site maintenance requirements and improving operational safety.
The project, awarded by the National Electric Grid of Uzbekistan in October 2021, addresses the country's long-standing electricity shortages. The facility will enhance power distribution to industrial enterprises and residential areas, marking a significant milestone in the region's power infrastructure development.
Shanghai Electric (SEHK:2727, SSE:601727) has received multiple certifications for its international clean energy projects, demonstrating excellence in safety and environmental protection. The company achieved significant milestones including:
- 15 million safe human hours at Dubai's Noor Energy 1 Solar Project
- 3 million safe labor hours at Oman's Manah-1 Solar Plant
- 5 million safe labor hours at Bangladesh's Rupsha Power Plant
The company's waste-to-energy plant in Selangor, Malaysia, received the Annual Environmental Management Excellence Award, adding to eight previous environmental awards. In Pakistan's Thar region, the company contributed to community development through educational donations. Shanghai Electric's ESG performance has been recognized through inclusion in multiple Hang Seng Sustainability indices and the ESG Listed Companies Yangtze River Delta Pioneer 50 (2024).
Shanghai Electric (SEHK:2727, SSE:601727) showcased innovative sustainable technologies at the World Future Energy Summit 2025 in Abu Dhabi. The company presented several breakthrough solutions:
The Bristack-Z1000 alkaline electrolyzer for green hydrogen production achieves 12% lower DC power consumption than industry standards at 2500 A/m2, certified by TÜV Rheinland. Their sustainable formaldehyde production technology integrates volatile wind and solar energy to reduce carbon emissions.
The Creator 210R series photovoltaic module features high efficiency and innovative silicon wafer structure. The company also highlighted their energy storage solutions, including the High Inertia Synchronous Condenser with 140 MW/s kinetic energy and 11.2-second inertia time constant.
Their 3rd generation desalination technology achieves energy consumption under 2 kWh per ton with a 95%+ annual utilization rate, addressing water crises in the Middle East and North Africa.
Shanghai Electric (SEHK:2727, SSE:601727) recently completed an eight-day training program for 20 employees from Pakistan's Thar Coalfield Block I Energy Integration Project. The program, conducted in Shanghai and Beijing, included seminars on corporate culture, advanced technologies, and facility visits to enhance participants' skills and knowledge.
The Thar Coalfield Block 1 project, operational since February 2023, has an annual output capacity of 9 billion kilowatt-hours, serving approximately 4 million households. The company's commitment to sustainability and gender equality was recognized with the Women Empowerment and Gender Equality Award in 2023 from the Employers' Federation of Pakistan and the International Labour Organization, as well as the Contributors to Shared Prosperity accolade at the 16th Annual CSR Summit.
Shanghai Electric (SEHK:2727, SSE:601727) celebrates 10 years since acquiring Nedschroef with the groundbreaking of a second automotive fastener factory in Tarragona, Spain. The new facility is part of Nedschroef's three-year action plan to optimize production capacity and operational efficiency. The company has expanded its technological capabilities through CP Tech's acquisition seven years ago, enabling advancement in high-precision components for automotive, aerospace, and specialized vehicles.
The integration includes supply chain optimization through Shanghai Zhenhua Bearings' high-performance needle bearings supply to CP Tech, and market expansion opportunities through Shanghai Electric's industrial software partnerships to enhance Setup Wizard's visualization capabilities in the civilian automotive market.
