Energy equipment
Designs and makes equipment for power plants and energy systems, including machinery used to generate electricity and move power through the grid.
Customers and revenue model
Shanghai Electric Group Co Ltd
OTC:SIELY
Shanghai Electric Group Co Ltd
OTC:SIELY
Price:
7.31
USD
-1.48%
Market Closed
Market Cap:
$13.2B
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Company Overview
Business Description
- Sector
- Industrials
- Industry
- Electrical Equipment
- Headquarters
- China CN
- Employees
- 43 074
- IPO date
- Apr 28, 2005
Shanghai Electric Group makes large industrial equipment for power plants, factories, and the power grid. Its core products include turbines, generators, boilers, motors, transmission and distribution equipment, and industrial automation systems. It also builds and installs complete energy and industrial projects, so it is not just a parts maker but also a project contractor.
Its main customers are power utilities, energy developers, industrial manufacturers, and public-sector buyers that need heavy equipment and engineering support. The company makes money by selling equipment, signing engineering and construction contracts, and providing maintenance, spare parts, and after-sales services for installed systems.
What makes Shanghai Electric different is its role in the industrial value chain: it sits between raw materials suppliers and end users of energy and factory equipment. It sells mission-critical machines that are expensive, customized, and tied to long service lives, so customer relationships often last for years through installation, servicing, and upgrades.
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