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 rose 17.0% to RMB0.062 yuan year-over-year.

• New orders totaled RMB100.39 billion, with energy equipment contributing RMB64.24 billion, industrial equipment RMB21.25 billion, and integration services RMB14.91 billion.

• The company advanced its transformation toward integrated industrial intelligence services and promoted digitalization, green development, and internationalization.

Financial highlights

• Gross profit margin for H1 2026 was 18.6%.

• Operating profit for H1 2026 was RMB2,568 million, compared to RMB2,813 million in H1 2025.

• Net profit attributable to owners increased to RMB970 million from RMB821 million year-over-year.

• Basic EPS was RMB0.062, up from RMB0.053 in H1 2025.

• No interim dividend was declared for H1 2026.

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.