PR85132

SHANGHAI, Aug. 14,2020/PRNewswire=KYODO JBN/--

On August 5th, Shanghai Electric Group Company Limited (Shanghai Electric), the

world's leading manufacturer and supplier of electric power generation

equipment, industrial equipment and integration services, was named the 48th

most valuable Chinese brand in the World Brand Conference's official 2020

"China's 500 Most Valuable Brands" list. This marks a more than 30% increase in

brand value from 2019 to 105.637 billion yuan and puts Shanghai Electric at the

head of China's energy industry.

Photo-https://photos.prnasia.com/prnh/20200424/2786026-1-LOGO

With roots tracing back to 1902, Shanghai Electric has emerged in recent years

as a powerhouse of industrial innovation both domestically and abroad.

Following a comprehensive three-phase strategy, the Group has seen remarkable

growth and achieved a gross revenue increase of 26%, with the profit

attributable to shareholders of the parent company increasing by 24.83% and new

orders growing 30.6% year-on-year. All these are record highs for Shanghai

Electric and signify the growing value of brand presence shaped around

world-class innovation and quality industrial products.

Into the future, Shanghai Electric has identified developing a positive

internationally recognizable brand as being essential to doing business across

the globe. With the aim to vitalize its overseas brand within the next 3-5

years, Shanghai Electric is committed to becoming an international first-class

enterprise, dedicating resources for the social progress and development, open

innovation and upholding EHS best-practices. From participation in industry

exhibition in Hannover, Germany, to meeting with prospective business partners

at the World Energy Congress in Dubai, Shanghai Electric is looking to

strengthen its cooperation with world-class organizations to make a positive

change and address some of the world's most prominent energy-related challenges

and concerns.

The environmental impact of large-scale electricity production is a regrettable

consequence of societies. Shanghai Electric, however, believes that even though

a degree of disruption may be necessary, this damage can effectively be

minimized through improved monitoring and management practices. A major focus

shift across the Group towards renewable sources of energy saw a record

year-on-year revenue growth of 51% from 2018 to 2019, compared with only 8.4%

from thermal power during the same timeframe. Pairing this focus on

sustainability with a desire to build a positive international brand,

environmental conscientiousness and 'green' policies are at the forefront of

Shanghai Electric's brand pivot. This is also evidenced by progress across its

major internal initiative, 'SEC-LOVE'. Aimed at ensuring all departments are

aligned with their green goals, a recorded over 80% of all affiliated companies

now satisfy the requirements of the ISO14001 Environmental Management System

(EMS) standard.

'Made in China 2025' is the focus of China's initiative to bring more

high-quality products and services with cutting-edge innovation to the world.

Shanghai Electric is leading this effort to refresh the 'Made in China' image

and make the positive impact on the communities where it operates - one of the

Group's major CSR goals and commitment to delivering world-class energy

innovation.

For more information, visit www.shanghai-electric.com

Source: Shanghai Electric

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