Shanghai Electric reported revenue of RMB 63.33 billion for the six months ended 30 June 2026, a 16.6% increase year-on-year, driven by broad-based growth across its core segments. Net profit attributable to shareholders rose 18.2% to RMB 0.97 billion, lifting basic earnings per share to RMB 0.062 (up 17.0%).

Gross margin held at 18.6%. Operating profit fell 8.7% to RMB 2.57 billion, but this was offset by higher investment income and other gains. Net operating cash flow more than doubled to RMB 3.26 billion.

Segment performance • Energy Equipment: revenue RMB 36.56 billion, up 21.4%; gross margin 18.7%. • Industrial Equipment: revenue RMB 18.95 billion, up 1.9%; gross margin 18.1%. • Integration Services: revenue RMB 10.86 billion, up 31.5%; gross margin 14.3%.

Order intake reached RMB 100.39 billion, including RMB 64.24 billion from energy equipment—of which coal-fired power accounted for RMB 20.23 billion, wind power RMB 12.39 billion, energy storage RMB 11.44 billion and nuclear power RMB 4.57 billion—plus RMB 21.25 billion from industrial equipment and RMB 14.91 billion from integration services.

Research and development expenditure rose 21.2% to RMB 3.09 billion, reflecting the group’s focus on high-end equipment and green technologies. Financial expenses more than doubled to RMB 0.64 billion, mainly on currency movements.

Balance sheet metrics remained stable: total assets edged up 1.9% to RMB 331.63 billion, while equity attributable to owners increased to RMB 55.35 billion. The gearing ratio was 40.18%, marginally lower than year-end 2025. Net asset value per share stood at RMB 3.56.

The board did not declare an interim dividend for 2026.