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Diversified Chinese power-equipment and industrial conglomerate making turbines, wind turbines, elevators and automation equipment.
Diversified Chinese power-equipment and industrial conglomerate making turbines, wind turbines, elevators and automation equipment.
Sells power-plant equipment through multi-year project contracts, alongside wind turbines, elevators and industrial machinery that have different customers and cycles. The Shanghai municipal government controls it through its parent, Shanghai Electric Holding Group, and it also builds power plants abroad as contractor.
In one line: A China-scale conglomerate spanning GE Power, Otis Elevator and Siemens automation.
Moat: none (scale). Broad, unfocused conglomerate spanning multiple equipment categories, each facing its own strong specialized competitors.
Headquarters: Shanghai, China · Founded: 1995 · Employees: 43,074
Size Shanghai Electric (601727.SS) is a China Industrials company (Electrical Products) with a market value of $12.3B, the 198th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.10 on 6 Nov 2026.
Performance Over six months the shares fell 24.5%, against -21.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 16.4% over the last twelve months (peer median +12.6%).
Valuation It trades at 64.2× forward earnings against a peer median of 18.2× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -4 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 | CN¥142B | CN¥126B | CN¥116B | CN¥114B | CN¥117B |
| Revenue growth | — | +9% | +1% | -2% | — |
| Gross profit | n/a | CN¥21.1B | CN¥20.2B | CN¥18.7B | CN¥17.2B |
| EBITDA | n/a | CN¥6.27B | CN¥5.55B | CN¥4.33B | CN¥1.91B |
| Net income | CN¥1.68B | CN¥1.21B | CN¥752M | CN¥803M | -CN¥3.57B |
| Free cash flow | CN¥8.91B | CN¥7.09B | CN¥15.0B | CN¥5.16B | CN¥5.68B |
| Capital expenditure | CN¥4.82B | CN¥5.01B | CN¥4.40B | CN¥4.23B | CN¥4.05B |
| Total debt | CN¥66.6B | CN¥71.7B | CN¥71.1B | CN¥66.8B | CN¥62.6B |
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 601727.SS | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% |
| Dongfang Electric 600875.SS | $12.9B | -42% | +2% | 5% | 16.1× | n/a |
| Goldwind Science & Technology 002202.SZ | $8.58B | -45% | +11% | 6% | 16.6× | n/a |
| Otis Worldwide OTIS | $30.1B | +6% | +6% | 15% | 18.1× | 2.3% |
| 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 | 601727.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -13.1% | 7th highest of 21 |
| 6-month return | -24.5% | -21.4% | 10th lowest of 20 |
| Distance from 52-week high | -39.9% | -36.1% | 11th highest of 21 |
| Revenue growth (TTM) | +16.4% | +12.6% | 9th highest of 20 |
| Forward P/E | 64.2× | 18.2× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | 13.5% | 2nd least demanding of 14 |
| Growth delivered (Del g) | -1.6% | +13.7% | lowest of 13 |
| Hurdle (Req g minus delivered) | -4.1 pp | -1.4 pp | 5th least demanding of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| 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 |
| 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 |
| 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% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| 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% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| 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% |
| 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% |