Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Shanghai Electric Group Company Limited    2727   CNE100000437


End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/03
2.29 HKD   +3.15%
07:56aIndia seeks to curb Chinese power equipment imports amid tensions
07/02China's Shanghai Electric Intends To Acquire K-Electric
07/01Shanghai Electric mulls acquiring 66.4pc stake in K-Electric
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Shanghai Electric : Accelerates Industrial Digitalization with Upgrades to SEunicloud

share with twitter share with LinkedIn share with facebook
05/31/2020 | 04:42am EDT

SHANGHAI, May 31, 2020 /CNW/ -- Shanghai Electric, the world's leading manufacturer and supplier of power generation and industrial equipment, announced upgrades to the company's digital solution platform SEunicloud in a hope to accelerate the evolution of work and retool the industry.

Developed by Shanghai Electric Digital Technology Co., Ltd and officially launched in 2019, the platform is deployable across various scenarios, including intelligent wind power operation, remote thermal power operation, machine tool maintenance, energy storage and distribution. The platform has been providing efficient solutions including troubleshooting, remote operations, maintenance, and energy planning to meet demands in the various scenarios.

The Shanghai Electric's intelligent supply chain solution of the SEunicloud platform is designed to match factory production with power plant demand directly. The company has established 1781 procurement projects online, with a final bid amount of more than 800 million yuan since the resumption of work in February.

As an advanced multi-faceted digital platform, users can accelerate the process of reconstruction by resolving the stress of a tight supply chain by remotely running equipment diagnostics, procure and manage supply chains and monitor supplier contracts, source bidding, online purchasing and order coordination. The intelligent supply chain platform also provides matching between sellers and buyers through historical data analysis in the procurement pricing process and automatically tracks and documents suppliers' historical performance, factoring them into the overall supply chain management process for due diligence.

The DES-PSO energy planning solution of the SEunicloud platform is co-developed by Shanghai Electric Distributed Energy Co., Ltd and Lawrence Berkeley National Laboratory. The solution features design & planning, investment analysis and risk assessment functions, allowing customers to evaluate the financial viability of large-scale energy production projects before commissioning their construction. 

The Shanghai Electric E-Commerce solution of the SEunicloud platform covers 90% of the power plant "must-have" spare parts product list and is a one-stop platform equipped with spare parts, maintenance services, transformation optimization and more. It can facilitate the online delivery of more than 22,000 spare parts products and 70 standard repair packages—all at near factory price. Customers can use a standardized format for requirements. This improves the transaction efficiency by streamlining the communication process between buyers and sellers. Through big data analysis, the E-commerce platform stimulates the hope of incubating an integrated data-driven solution for intelligent and customized products and services.

"Under the big picture of 'new infrastructure', Shanghai Electric is leveraging its competitive advantage in big data in multiple pipelines, and paving the way for an integrated platform-based solution for the whole power industry," said Huang Ou, the Director and President of Shanghai Electric Group, "Our goal is to empower enterprises across different industries with this technology in the foreseeable future".

About Shanghai Electric
Shanghai Electric Group Company Limited (SEHK: 02727, SSE: 601727) is principally engaged in the designing, manufacturing and sale of power equipment and industrial equipment. It focuses on Energy Equipment Business including manufacturing and sale of coal-fired power generation equipment, gas-fired power generation equipment, nuclear power equipment, wind power equipment, energy storage equipment, high-end chemical equipment, power grid and industrial intelligent power supply system solutions, Industrial Equipment Business including production and sale of elevators, medium and large-sized electric motors, intelligent manufacturing equipment, industrial basic parts, environmental protection equipment, construction industrialization equipment and the Integrated Services Business including energy, environmental protection and automation engineering and services, industrial internet services, financial services, international trade services, high-end property services, etc.

View original content to download multimedia:http://www.prnewswire.com/news-releases/shanghai-electric-accelerates-industrial-digitalization-with-upgrades-to-seunicloud-301068199.html

SOURCE Shanghai Electric

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
07:56aIndia seeks to curb Chinese power equipment imports amid tensions
07/02China's Shanghai Electric Intends To Acquire K-Electric
07/01Shanghai Electric mulls acquiring 66.4pc stake in K-Electric
06/29IGI Securities Limited - Investor Kit - Top News
06/24SHANGHAI ELECTRIC : Dubai MSR Completes World's Tallest Tower Top Receiver in Re..
05/31SHANGHAI ELECTRIC : Accelerates Industrial Digitalization with Upgrades to SEuni..
05/02SHANGHAI ELECTRIC : Annual Corporate Social Responsibility Report Highlights 201..
04/24SHANGHAI ELECTRIC : Reports 26% Rise in Gross Revenue in 2019 Annual Results
04/10SHANGHAI ELECTRIC : 's First Combined Cycle Power Plant (CCPP) Goes Online in Ba..
03/25SHANGHAI ELECTRIC : Donates 40,000 Masks to Wassit Thermal Power Plant in Iraq
More news
Sales 2020 149 B 21 029 M 21 029 M
Net income 2020 3 327 M 471 M 471 M
Net cash 2020 18 226 M 2 580 M 2 580 M
P/E ratio 2020 11,6x
Yield 2020 2,88%
Capitalization 78 273 M 10 100 M 11 078 M
EV / Sales 2019
EV / Sales 2020 0,40x
Nbr of Employees 33 720
Free-Float 36,6%
Duration : Period :
Shanghai Electric Group Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHANGHAI ELECTRIC GROUP CO
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 2,64 CNY
Last Close Price 2,29 CNY
Spread / Highest target 35,5%
Spread / Average Target 15,1%
Spread / Lowest Target -0,17%
EPS Revisions
Jian Hua Zheng Chairman & Chief Executive Officer
Ou Huang President & Executive Director
Kang Hu Chief Financial Officer
Min Fang Yao Non-Executive Director
Jun Hao Chu Independent Non-Executive Director
Sector and Competitors