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Can you tell us more about the Company’s history?
Shanghai Electric Company Limited was established by Shanghai Electric (Group) Corporation in March 2004 with an aim to engage in diversified investments. In September of the same year, it went through a restricting of its shareholder structure to become Shanghai Electric Group Company Limited. Trading in the Company’s H Shares on the Hong Kong Stock Exchange was commenced on 28 April 2005. The Company successfully listed its A Shares on the Shanghai Stock Exchange in December 2008, making it a company with A and H shares listed in both Hong Kong and Mainland China. For more information please refer to “Introduction” of the Company’s website.
Can you tell us more about Lingang Heavy Machinery Manufacturing Base (the “Lingang Base”) which has been mentioned a few times by the media?
Located on the coastline to the eastern waters, Lingang Heavy Machinery Manufacturing Base is a world-class center for manufacturing of equipment for use in new energy, high efficiency and clean energy and heavy machineries. With construction commenced since 2005, the Lingang base has emerged as the anchorage point that houses our most internationally competitive industrial operations within just a few years. It has received important guests including CCP Secretary-General Mr. Hu Jin-tao, Premier Wen Jiabao, NPC Chairman Mr. Wu Bangguo, as well as the leaders from the Shanghai Municipal Government and their opinion about the Company had been heard.
Is China’s first dual-internal-water-cooling generator made by the Company?
Yes, our orientation towards innovation and proactive development has helped us create an impressive track record for the Company. We are the manufacturer of China’s first domestic 60MW thermal power unit, the world’s first dual-internal-water-cooling generator, China’s largest 12,000-tonne hydroelectric power generator, the world’s first mirror finishing grind, China’s first 30-MW class nuclear power unit, China’s first heavy marine crankshafts and, China’s the first 1,000MW ultra-supercritical thermal power unit. Moreover, we are also the manufacturer of the world’s largest 16,500-tonne free-forging, 630-tonne automatic electric resistance annealing furnace and the world’s largest 450-tonne ESR furnace.
Are there any subsidiaries of the Company which had already been listed?
Shanghai Mechanical & Electrical Industry Company Limited is listed on the Shanghai Stock Exchange, under the tickers 600835 for its A shares and 900925 for its B shares. The unit’s corporate website is http://www.chinasec.cn/.
What does EPC stand for? What are the Company’s overseas markets?
EPC stands engineering, procurement, construction, and refers to integrated engineering service contracts. The Company’s EPC business focuses on equipment for power stations. The Company’s major overseas markets include emerging economies like India, Indonesia, Vietnam, the Middle East and Africa. The Company’s thermal power business is gradually expanding into high-end markets in the US and Europe as it strengthens its cooperation with Siemens.
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