On May 16, Forbes magazine released its "Global 2000" rankings for listed companies. A strong track record in energy and industrial sector for the past year has helped Shanghai Electric climb 141 spots to No. 802 worldwide and 15 spots to No. 89 among public companies in the Chinese Mainland.
The Forbes Global 2000 has long been regarded as one of the most prestigious rankings of public companies, and the list is compiled using data from FactSet Research systems to screen out the biggest public companies in four metrics: sales, profits, assets, and market value. Shanghai Electric, which raked in 15.2 billion U.S. dollars, up 26.67% from the previous year, ranks No. 684 in sales, No. 1555 in profits, No. 893 in assets, and No. 1025 in market value. As a whole, it comes at No. 802 based on an equally weighted composite score.
The sharp rise highlights the efforts of Shanghai Electric to offer total high-end equipment solutions that are green, intelligent, interconnected, and digital, and shows that it is committed to becoming a world-class manufacturer of high-end equipment and ranking among global top 500, in particular the first echelon in the world as soon as possible.
Shanghai PNS registry No. 31010102007087