Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, August 14 2020 - 18:48
AsiaNet
With a Brand Value of Over 105 Billion Yuan, Shanghai Electric Ranks 48th Most Valuable in China
SHANGHAI, Aug. 14,2020/PRNewswire-AsiaNet/--

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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