Shanghai Electric Group Co Ltd (Shanghai Electric), is a diversified equipment manufacturing company, which offers various products for thermal power generation, renewable energy, wind energy and industrial sectors. It is also involved into financial services, internet of things and engineering business. The company operates through three reportable business segments, Energy Equipment, Industrial Equipment, Integration Service. In FY2022, the company incurred a capital expenditure of CNY4,045.1 million which declined 6.1% YoY.

Shanghai Electric focuses on investing in new technology to develop high-performance, energy-efficient products. In gas power, the company had developed intelligent service system for gas turbines. This is Equipped with functions such as 3D visualisation, information transmission and big data analysis, such system integrates the design mechanism of gas turbines, expert operation and maintenance experience with intelligent algorithms, and provides power plant users with intelligent services such as partload performance optimisation, monitoring-based intelligent blowing, component maintenance tips and also provides plantwide revenue assessment along with adaptive combustion stability adjustment, which can significantly improve the production, efficiency and operational flexibility of equipment in the power plants. Moreover, the company has also developed YX3-355-560 series of high-voltage three-phase asynchronous motors, and the efficiency of the whole series of products had reached the first-class energy efficiency, ranking, which is a first in the same type of products certified by the Ministry of Industry and Information Technology. In its Integrated Services it had developed an electronic interlocking DDOC, the basic and core system for rail signal systems, which applies a number of mainstream technologies, including modern electronic information technology and reliability redundancy technology, to achieve an optimized signal control system with the highest safety integrity level of SIL4. In FY2022, the company incurred a research and development cost of SNY50.3 million which as a percentage of total revenue stood at 0.04%.