Predict your next investment

Corporation
INDUSTRIALS | Manufacturing / Industrial Equipment & Component Manufacturing
shanghai-electric.com

See what CB Insights has to offer

Investments

8

Funds

1

Partners & Customers

10

About 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

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Shanghai Electric Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Shanghai Electric Group Rank

Latest Shanghai Electric Group News

Former Shanghai Electric Chairman Expelled From Party Over Bribery Allegations

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.

CBI Logo

Shanghai Electric Group Investments Activity

investments chart

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

Subscribe to see more

$99M

Subscribe to see more

10

11/11/2019

Corporate Minority - P2P

Subscribe to see more

$99M

Subscribe to see more

10

9/19/2019

Series B

Subscribe to see more

Subscribe to see more

10

11/20/2018

Series A

Subscribe to see more

$99M

Subscribe to see more

10

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

10

10

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

$99M

Acquired

1

Date

8/15/2016

Investment Stage

Companies

Valuation

$99M

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

09:35 ET Shanghai Electric Announces New Metro Train Turnback Time Record Achieved Using THALES SEC Transport's TSTCBTC®2.0 Sign...

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

Netherlands

Subscribe to see more

Subscribe to see more

10

11/20/2020

Partner

Germany

Subscribe to see more

Subscribe to see more

10

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

Netherlands

Germany

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 .

09:35 ET Shanghai Electric Announces New Metro Train Turnback Time Record Achieved Using THALES SEC Transport's TSTCBTC®2.0 Sign...

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 .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

3

1

2

10

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.