Shanghai Electric Group (2727) H1 2026 earnings summary

Executive summary

• Total revenue for H1 2026 reached RMB63,332 million, up 16.6% year-over-year, with net profit attributable to owners at RMB970 million, up 18.2% year-over-year.

• Basic earnings per share was RMB0.062, up 17.0% year-over-year.

• New orders totaled RMB100.39 billion, with significant contributions from energy equipment, industrial equipment, and integration services.

• The company advanced digital transformation, green development, and internationalization.

• No interim dividend was proposed or declared for H1 2026.

Financial highlights

• Gross profit margin for H1 2026 was 18.6%.

• Operating profit for H1 2026 was RMB2,568 million, down 8.7% year-over-year.

• Net cash flow from operating activities increased 107.8% year-over-year to RMB3,259 million.

• Total assets as of June 30, 2026, were RMB331,632 million, up 1.9% from year-end 2025.

• Weighted average return on net assets was 1.76%, up 0.23 percentage points year-over-year.

Outlook and guidance

• The company will focus on high-quality development, digitalization, internationalization, and efficient collaboration in H2 2026, guided by its 15th Five-Year Strategic Plan.

• Emphasis will be placed on serving national strategies, developing new quality productive forces, and building core competitiveness.