Shanghai Electric has released its H1 2026 results, posting strong growth across all business segments. Operating revenues reached CNY 63.332 billion (approximately $9.17 billion), up 16.6% year-on-year. Net profit attributable to shareholders rose to CNY 970 million ($140.49 million), an increase of 18.2%.
Total new orders came in at CNY 100.39 billion ($14.54 billion). Within that figure, the Energy Equipment segment contributed CNY 64.24 billion ($9.30 billion), a portion of which — CNY 4.57 billion, equivalent to $661.91 million — was earmarked for nuclear power generation equipment. This positions nuclear energy as a structural investment area within the group’s order portfolio, alongside offshore wind, which exceeded 2 GW in new orders, and energy storage.
On the technology front, Shanghai Electric reports having developed critical expertise in the manufacturing and testing of key components for nuclear plants. This milestone is part of a broader strategy to establish leadership in advanced energy technologies, which also includes the full commissioning of the Huai’an compressed air energy storage project in a salt cavern — presented as the world’s largest in its category. The Energy Equipment segment posted revenues of CNY 36.558 billion ($5.29 billion), up 21.4% year-on-year.
Orders for Industrial Equipment and Integrated Services reached CNY 21.25 billion ($3.08 billion) and CNY 14.91 billion ($2.16 billion), respectively. The group has also stepped up the deployment of industrial AI technologies: the SEunicloud platform has connected approximately 1.16 million devices and developed more than 60 vertical digital solutions. The SUYUAN 2.0 humanoid robot made its domestic market debut, with over 40 AI agents already operational in manufacturing and maintenance environments.
Shanghai Electric’s international footprint spans European and Middle Eastern markets, with tangible progress recorded in both regions. In the nuclear space, mastery of manufacturing and testing processes for critical components is an essential prerequisite for participation in global construction projects. Shanghai Electric is thus positioning itself as a go-to supplier for the new reactors that China and its international partners are planning over the coming decade. The order growth trajectory seen in H1 2026 suggests that demand for nuclear equipment will remain a stable and significant component of the group’s portfolio in the years ahead.
