Shanghai Electric Group
Investments
8Funds
1Partners & Customers
10About Shanghai Electric Group
Shanghai Electric Group (601727.SH) is an equipment manufacturing conglomerate in China, that designs, manufactures, and sells related equipment for power stations and power transmission and distribution.
Shanghai Electric Group Headquarters Location
30th Floor, Mando Center 8 Xingyi Road
Shanghai, Shanghai, 200002,
China
86-21-23108800
Shanghai Electric Group Web Traffic
Shanghai Electric Group Rank
Latest Shanghai Electric Group News
Jul 23, 2022
Former Shanghai Electric Chairman Expelled From Party Over Bribery Allegations What’s new: Zheng Jianhua, former chairman of state-owned electric equipment manufacturer Shanghai Electric Group Co. Ltd. (601727.SH), has been removed from public positions and expelled from the Communist Party due to alleged bribery and other misconduct, according to a Friday statement from state anti-graft agency. The Central Commission for Discipline Inspection accused Zheng of abusing his power and causing “tremendous loss” to state-owned assets, as well as accepting bribes and embezzling public funds. He will later stand trial, the statement said. The context: The anti-graft agency in Shanghai announced the investigation into Zheng in July last year, following a probe by the securities regulator into the conglomerate over violations of disclosure rules. The following month, the company’s then president Huang Ou fell to his death from his apartment in Shanghai’s Puxi area in an apparent suicide, Caixin previously reported . The company’s troubles may be linked to a missed-payment scandal , sources with knowledge of the case have said. In May 2021, the company announced that up to 8.3 billion yuan ($1.2 billion) of net income attributable to shareholders was at risk because four clients of a subsidiary -- all state-owned enterprises -- had missed repayments of a combined 4.5 billion yuan.
Shanghai Electric Group Investments
8 Investments
Shanghai Electric Group has made 8 investments. Their latest investment was in Shanghai Platform For Smart Manufacturing as part of their Seed - II on June 6, 2020.
Shanghai Electric Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/1/2020 | Seed - II | Shanghai Platform For Smart Manufacturing | Yes | 1 | ||
2/17/2020 | Corporate Minority - P2P - II | |||||
11/11/2019 | Corporate Minority - P2P | |||||
9/19/2019 | Series B | |||||
11/20/2018 | Series A |
Date | 6/1/2020 | 2/17/2020 | 11/11/2019 | 9/19/2019 | 11/20/2018 |
---|---|---|---|---|---|
Round | Seed - II | Corporate Minority - P2P - II | Corporate Minority - P2P | Series B | Series A |
Company | Shanghai Platform For Smart Manufacturing | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Shanghai Electric Group Acquisitions
1 Acquisition
Shanghai Electric Group acquired 1 company. Their latest acquisition was Broetje-Auotmation on August 15, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
8/15/2016 | Acquired | 1 |
Date | 8/15/2016 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
Shanghai Electric Group Fund History
1 Fund History
Shanghai Electric Group has 1 fund, including Shanghai Electric Industry Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
12/13/2018 | Shanghai Electric Industry Fund | $29.1M | 1 |
Closing Date | 12/13/2018 |
---|---|
Fund | Shanghai Electric Industry Fund |
Fund Type | |
Status | |
Amount | $29.1M |
Sources | 1 |
Shanghai Electric Group Partners & Customers
10 Partners and customers
Shanghai Electric Group has 10 strategic partners and customers. Shanghai Electric Group recently partnered with SKF Group on November 11, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
11/18/2021 | Partner | Sweden | Shanghai Electric Inks Strategic Cooperation Agreement With SKF At CIIE 2021 The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value . | 3 | |
11/18/2021 | Partner | Sweden | 07:48 ET Shanghai Electric Inks Strategic Cooperation Agreement with SKF at CIIE 2021 The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value . | 1 | |
10/29/2021 | Partner | United States | SHANGHAI , Oct. 29 , 2021 / CNW / -- Shanghai Electric announced that the record for the turnback time of metro trains has been smashed by the TSTCBTC ® 2.0 signaling system in a live demonstration carried out by THALES SEC Transport , Shanghai Electric 's joint venture with Thales . | 2 | |
8/6/2021 | Partner | ||||
11/20/2020 | Partner |
Date | 11/18/2021 | 11/18/2021 | 10/29/2021 | 8/6/2021 | 11/20/2020 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Sweden | Sweden | United States | ||
News Snippet | Shanghai Electric Inks Strategic Cooperation Agreement With SKF At CIIE 2021 The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value . | 07:48 ET Shanghai Electric Inks Strategic Cooperation Agreement with SKF at CIIE 2021 The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value . | SHANGHAI , Oct. 29 , 2021 / CNW / -- Shanghai Electric announced that the record for the turnback time of metro trains has been smashed by the TSTCBTC ® 2.0 signaling system in a live demonstration carried out by THALES SEC Transport , Shanghai Electric 's joint venture with Thales . | ||
Sources | 3 | 1 | 2 |
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