Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Shanghai Electric Group Company Limited
  6. News
  7. Summary
    2727   CNE100000437

SHANGHAI ELECTRIC GROUP COMPANY LIMITED

(2727)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Shanghai Electric : is Welding Boiler of Thar Coal Block-1 2x660MW Power Plant Project while Empowering Local Welders

10/27/2020 | 09:57pm EDT

SHANGHAI, Oct. 27, 2020 /CNW/ -- Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has reached another milestone with the start of the soldering process of the heating surface of a boiler of Thar Coal Block-1 2x660MW Power Plant Project in Pakistan. The Company also held a soldering competition among welders to encourage and empower local workers to demonstrate their professional expertise under the guidance spirit of pursuing perfection.

A soldering contest with a total number of 8 Chinese and Pakistani welders on-site was conducted as part of the ongoing training, and the top three places were taken by a Chinese welder and two Pakistani welders.

"We're glad to see our welders accomplish difficult soldering tasks in the contest, and we see this as a part of our ongoing training for workers to deliver quality results," Qian Xiaolei, PR Manager of the project, said.

The participants were required to complete multiple missions within 40 minutes, including tasks such as switching welding machines, welding debugging, plate splicing and plate vertical welding. The participants were evaluated by 12 key aspects such as weld forming, weld residual height, width difference, angular deformation and root forming, which is in line with international welding regulations.

The Project has entered the stage of equipment installation as the Company began the soldering process of the heating surface of the boiler.

The contest comes as Shanghai Electric further builds its presence in Pakistan. The Company has overcome challenges in constructing the project as the industrial environment in Pakistan is less developed and the supply of equipment and construction materials were lacking amidst the Covid-19 pandemic.

To ensure a smooth construction process, the Company actively coordinated personnel and supplies, and flew a team of installation professionals to the site. The team carefully checked the conditions of the construction, planned the heating surface installation, and ensured welders are qualified to conduct such work. After thorough evaluation, Shanghai Electric successfully carried out the soldering work of the unit 1 boiler with 29 welded junctions of The Project, that is qualified for use.

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.

Related Link
www.shanghai-electric.com

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/shanghai-electric-is-welding-boiler-of-thar-coal-block-1-2x660mw-power-plant-project-while-empowering-local-welders-301161304.html

SOURCE Shanghai Electric

© Canada Newswire, source Canada Newswire English

All news about SHANGHAI ELECTRIC GROUP COMPANY LIMITED
06/11SHANGHAI ELECTRIC  : Makes Significant Progress on the CSP Tower and Parabolic T..
AQ
06/08Wärtsilä Renews Long-Term Service Agreement For Malta Power Plant
MT
05/30China's Offshore Wind Power Capacity Grows 15.8% in April From End of 2020
MT
05/28SHANGHAI ELECTRIC  : Wind Power Group Launches IPO on SSE STAR Market, Injecting..
PR
05/28SHANGHAI ELECTRIC  : Wind Power Group Launches IPO on SSE STAR Market, Injecting..
AQ
05/19Chinese Shares End Mixed; Shanghai Electric Wind Power Soars 116% in Shanghai..
MT
05/18Shanghai Electric Wind Power Soars 121% in Shanghai Debut
MT
05/18SHANGHAI ELECTRIC  : Wind Turbine Unit to Debut on Shanghai's STAR Market Board ..
MT
05/12SHANGHAI ELECTRIC  : Announcement on the termination of the proposed non-public ..
PU
05/12SHANGHAI ELECTRIC  : Withdrawal of certain resolutions from the extraordinary ge..
PU
More news
Financials
Sales 2021 152 B 23 402 M 23 402 M
Net income 2021 3 538 M 546 M 546 M
Net cash 2021 32 099 M 4 958 M 4 958 M
P/E ratio 2021 7,08x
Yield 2021 5,65%
Capitalization 59 455 M 9 183 M 9 183 M
EV / Sales 2021 0,18x
EV / Sales 2022 0,16x
Nbr of Employees 39 312
Free-Float 39,9%
Chart SHANGHAI ELECTRIC GROUP COMPANY LIMITED
Duration : Period :
Shanghai Electric Group Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHANGHAI ELECTRIC GROUP COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 1,67 CNY
Average target price 2,63 CNY
Spread / Average Target 57,9%
EPS Revisions
Managers and Directors
NameTitle
Jian Hua Zheng Chairman & Chief Executive Officer
Ou Huang President & Executive Director
Kang Hu Chief Financial Officer
Mingjie Zhang Chief Investment Officer
Jun Tong Xi Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-15.97%9 178
ABB LTD26.14%68 076
ABB INDIA LIMITED49.38%4 957
BLOOM ENERGY CORPORATION-7.47%4 572
QINGDAO TGOOD ELECTRIC CO., LTD.1.50%4 331
NORDEX SE-18.14%2 534