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Shanghai Electric Group Company
(OTC:2727)
Shanghai Electric Group Company (2727) vs. S&P 500 (SPY)
Shanghai Electric Group Company Business Overview & Revenue Model
Shanghai Electric Group Company Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 114.80B | 117.62B | 131.39B | 137.29B | 127.51B | Gross Profit |
| 20.00B | 19.04B | 19.80B | 23.26B | 24.15B | EBIT |
| 3.36B | 4.18B | 4.51B | 8.75B | 10.00B | EBITDA |
| 6.89B | 1.59B | -9.31B | 9.19B | 9.74B | Net Income Common Stockholders |
| 285.15M | -2.31B | -10.24B | 5.27B | 5.81B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 50.25B | 34.00B | 32.96B | 31.63B | 28.43B | Total Assets |
| 283.27B | 288.02B | 300.80B | 315.40B | 280.52B | Total Debt |
| 42.07B | 41.26B | 47.47B | 44.91B | 45.99B | Net Debt |
| 11.90B | 14.91B | 22.12B | 20.67B | 24.53B | Total Liabilities |
| 206.34B | 193.83B | 202.66B | 208.55B | 188.93B | Stockholders Equity |
| 52.80B | 54.86B | 58.13B | 66.40B | 63.35B |
| Cash Flow | Free Cash Flow | |||
| 3.57B | 4.44B | -14.86B | -1.71B | 3.66B | Operating Cash Flow |
| 7.80B | 8.48B | -10.55B | 4.70B | 10.51B | Investing Cash Flow |
| 352.15M | -7.32B | 5.86B | -3.60B | -12.28B | Financing Cash Flow |
| -13.73B | -1.26B | 2.16B | 2.47B | 12.28B |
Shanghai Electric Group Company Technical Analysis
Shanghai Electric Group Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $61.12B | 9.16 | 14.02% | 5.49% | -5.59% | 25.60% | |
76 Outperform | $46.07B | 11.01 | 9.45% | 2.67% | 12.59% | 18.26% | |
75 Outperform | $52.55B | 10.28 | 7.69% | 5.23% | 12.57% | -19.40% | |
75 Outperform | $783.31B | 9.10 | 12.78% | 8.02% | -7.73% | -6.97% | |
63 Neutral | $14.93B | 5.98 | 5.28% | 6.90% | 3.00% | -9.11% | |
63 Neutral | $4.27B | 11.40 | 5.38% | 214.63% | 4.11% | -8.98% | |
56 Neutral | HK$102.71B | 47.89 | 1.41% | ― | -0.48% | 139.45% |
Shanghai Electric Group Company Corporate Events
Shanghai Electric Group Company Limited has announced progress on a land resumption project in Shanghai, involving the signing of a Non-residential Building Demolition and Relocation Compensation Agreement. This agreement, adjusted to extend the signing deadline to April 30, 2025, includes an incentive fee for timely execution, reflecting the company’s strategic asset management and potential financial gain, subject to annual audit confirmation.
Shanghai Electric Group Company Limited announced a plan to repurchase A shares through centralized price bidding, with the aim of reducing its registered capital. The repurchase amount is set between RMB150 million and RMB300 million, with a maximum price of RMB12.29 per share. This strategic move is intended to preserve the company’s value, protect shareholder interests, and support its long-term sustainable development. The plan, approved by the board, will be submitted for consideration at the general meeting and relevant class meetings, with the repurchase period set within three months from approval.
Shanghai Electric Group Company Limited has announced a briefing session to discuss its 2024 annual results, scheduled for April 21, 2025. The session aims to provide investors with a detailed understanding of the company’s financial performance and operational outcomes for the year 2024, fostering transparency and engagement with stakeholders.
Shanghai Electric Group Company Limited has announced an upcoming board meeting scheduled for April 28, 2025, where the board will review and approve the company’s first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it provides insights into the company’s financial performance and strategic direction for the upcoming quarters.
Shanghai Electric Group Company Limited announced its decision to invest temporarily idle funds into a fixed-income trust scheme managed by J-Yuan Trust Co., Ltd. This strategic move aims to enhance the efficiency of the company’s fund management by leveraging low-risk investment products that align with the company’s risk appetite and financial strategy. The company has set a maximum daily balance of RMB2 billion for these investments, ensuring a focus on medium to low-risk fixed-income assets. The management fee rate negotiated with J-Yuan Trust is deemed fair and reasonable, aligning with industry standards and benefiting shareholders.
Shanghai Electric Group Company Limited has announced the election of Mr. Wang Chenhao as the employee director for the fifth session of its Board. Mr. Wang, who has a diverse background in management and supervision roles across various companies, will bring his extensive experience to the board. His appointment is expected to influence the company’s strategic direction positively, leveraging his expertise in party committee operations and discipline inspection. This move could enhance the company’s governance and operational efficiency, potentially impacting its market positioning and stakeholder relations.
Shanghai Electric Group Company Limited has announced the composition of its Board of Directors, highlighting the roles and functions of each member. This announcement provides clarity on the leadership structure, which could impact the company’s strategic direction and decision-making processes, potentially affecting stakeholders and the company’s position in the market.
Shanghai Electric Group Company Limited announced its decision to invest temporarily idle funds into a fixed-income trust scheme managed by J-Yuan Trust Co., Ltd. This move, approved by the company’s board, aims to enhance fund management efficiency while ensuring capital security. The investment, capped at a maximum daily balance of RMB2,000 million, is classified as a connected transaction due to the involvement of Shanghai Electric’s controlling shareholder, SEGC, which also holds a significant stake in J-Yuan Trust’s controlling shareholder. This transaction does not require independent shareholder approval as per the Listing Rules, indicating a strategic financial maneuver to optimize asset utilization without breaching regulatory thresholds.
Shanghai Electric Group Company Limited has announced a Corporate Value and Return Enhancement Action Plan aimed at improving company quality, enhancing investor returns, and protecting investor rights. The plan focuses on strengthening core businesses, advancing technology-driven development, and prioritizing shareholder returns. By investing in research and development and fostering innovation through partnerships with universities and research institutions, the company aims to accelerate its transformation in high-end equipment industries. Additionally, Shanghai Electric is committed to providing consistent and stable cash dividends to investors, balancing long-term interests and sustainable development.
Shanghai Electric Group Company Limited announced its annual results for the year ended December 31, 2024, reporting a total revenue of RMB116,186 million, marking a 1.2% increase year-on-year. The company’s profits attributable to owners rose to RMB752 million, and new orders increased by 11.9% to RMB153.60 billion. Despite these gains, the board proposed not to declare any final dividend for the year, which may impact shareholder expectations.
Shanghai Electric Group Company Limited announced a provision for impairment for the year 2024, which was approved at the 108th meeting of its board of directors. The company reported a net decrease of RMB3,264.25 million in profit before taxation due to credit and asset impairment losses. These impairments were calculated in accordance with the Accounting Standards for Business Enterprises, reflecting the company’s financial and operational conditions. The announcement highlights the company’s efforts to maintain transparency and accuracy in its financial reporting, potentially impacting stakeholders’ perception of its financial health.
Shanghai Electric Group Company Limited announced that it will not distribute any profits or convert capital reserves into share capital for the year 2024. This decision is due to the company recording negative accumulated distributable profits at the end of 2024, which does not meet the conditions for cash dividend distribution as per relevant regulations. Despite this, the company aims to enhance its profitability and core competitiveness to benefit shareholders in the future.
Shanghai Electric Group Company Limited announced the progress of transferring project assets of its subsidiary, Ningbo Hi-Firm Environmental Protection Company, through public tender. The initial tender did not attract any interested parties, leading to a second tender at a reduced price, which also failed to solicit interest. The company plans a third tender at a further reduced price, with the possibility of terminating the public tender if no interest is shown. This strategic move reflects Shanghai Electric’s efforts to optimize asset management and potentially impacts its financial positioning and stakeholder interests.
Shanghai Electric Group Company Limited announced the progress of transferring project assets of its subsidiary, Ningbo Hi-Firm Environmental Protection Company Limited, through a public tender. The initial tender, listed at RMB90.66 million, did not attract any interested buyers. Consequently, the company has decided to relist the assets at a reduced price of RMB81.5940 million, which is 10% below the appraised value. This move is part of Shanghai Electric’s strategy to optimize asset management and potentially improve financial performance by divesting non-core assets.
Shanghai Electric Group Company Limited has announced that its board of directors will hold a meeting on March 28, 2025, to consider and approve the annual results for the year ending December 31, 2024. This meeting is a crucial step for the company as it reviews its financial performance and strategizes for future operations, potentially impacting its market positioning and stakeholder interests.
Shanghai Electric Group Company Limited has announced the successful transfer of 100% equity of its subsidiary, Shanghai Electric Group (Suning) Environmental Technology Co., Ltd., to Shanghai Environment Group Co., Ltd. through a public tender. The transaction, valued at RMB157 million, reflects the appraised value of the subsidiary’s equity as of March 2024. This strategic move is expected to streamline Shanghai Electric’s operations and potentially enhance its focus on core business areas, while Shanghai Environment Group, a company engaged in urban waste management and environmental protection projects, strengthens its market position through this acquisition.
Shanghai Electric Group Company Limited has announced key changes in its senior management, with Mr. Zhu Zhaokai appointed as the new president and Dr. Hu Xupeng as the vice president. These appointments are part of a strategic realignment aimed at enhancing the company’s leadership structure. Additionally, Mr. Zhu will serve as a member of the strategic committee and as an authorized representative, reflecting the company’s focus on strengthening its governance and strategic planning. These changes are expected to impact the company’s operational efficiency and strategic direction positively.
Shanghai Electric Group Company Limited has completed a strategic exchange plan involving Shanghai State-owned Capital Investment Co., Ltd. (SSCI), which has exchanged 77,899,000 A shares, accounting for 0.50% of the company’s total share capital, for shares in the CSI Shanghai State-owned Exchange Traded Index-based Investment Fund. This move is aligned with the company’s broader strategy to optimize its shareholding structure and enhance investment efficiency, potentially strengthening its market position and providing favorable implications for stakeholders.