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Diversified industrial equipment conglomerate making power generation, wind, nuclear and elevator equipment.
Diversified industrial equipment conglomerate making power generation, wind, nuclear and elevator equipment.
Sells turbines, wind and nuclear equipment against long orders, with payments tied to milestones; elevators are a steadier business, run through a joint venture with Mitsubishi Electric. The Shanghai municipal government controls it through a state-owned parent.
In one line: A Chinese GE-style industrial conglomerate.
Moat: narrow (scale, installed base). Broad diversified industrial equipment scale, though thinner focus than pure-play competitors in each segment.
Headquarters: Shanghai, China · Founded: 1995 · Employees: 43,074
Size Shanghai Electric (2727.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $12.2B, the 141st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.42 on 6 Nov 2026.
Performance Over six months the shares fell 39.8%, against -21.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue grew 22.0% over the last twelve months (peer median +12.6%).
Valuation It trades at 21.7× forward earnings against a peer median of 18.2× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -0 pp: the price already allows for a slowdown.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$161B | HK$137B | HK$126B | HK$126B | HK$136B |
| Revenue growth | — | +9% | -1% | -7% | — |
| Gross profit | n/a | HK$22.8B | HK$21.9B | HK$20.7B | HK$20.0B |
| EBITDA | n/a | HK$6.80B | HK$6.01B | HK$4.79B | HK$2.23B |
| Net income | HK$1.92B | HK$1.31B | HK$816M | HK$888M | -HK$4.15B |
| Free cash flow | HK$9.87B | HK$7.69B | HK$16.2B | HK$5.71B | HK$6.61B |
| Capital expenditure | HK$5.51B | HK$5.44B | HK$4.77B | HK$4.67B | HK$4.70B |
| Total debt | HK$77.9B | HK$79.8B | HK$75.6B | HK$73.6B | HK$70.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shanghai Electric 2727.HK | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% |
| Dongfang Electric 1072.HK | $13.1B | -56% | +7% | 5% | 10.4× | n/a |
| Goldwind Science & Technology 2208.HK | $8.58B | -57% | +24% | 6% | 7.2× | n/a |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2727.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.7% | -13.1% | 10th lowest of 21 |
| 6-month return | -39.8% | -21.4% | 4th lowest of 20 |
| Distance from 52-week high | -54.6% | -36.1% | 7th lowest of 21 |
| Revenue growth (TTM) | +22.0% | +12.6% | 7th highest of 20 |
| Forward P/E | 21.7× | 18.2× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.8% | 13.5% | 2nd least demanding of 14 |
| Growth delivered (Del g) | -2.3% | +13.7% | lowest of 13 |
| Hurdle (Req g minus delivered) | -0.4 pp | -1.4 pp | 5th most demanding of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Dongfang Electric 600875.SS | China | $12.9B | -42% | +2% | 5% | 16.1× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |