Shanghai Electric Power Co Ltd – Market and Corporate Developments
Shanghai Electric Power Co Ltd (SZ: ???) is a listed independent power and renewable electricity producer on the Shanghai Stock Exchange. The company’s core operations include generation of electricity, thermal power and other power products, as well as engineering contracting and new‑energy development.
1. Recent Share Price Movement
- Closing price (2025‑11‑16): 26.2 CNY
- 52‑week high (2025‑10‑29): 31.78 CNY
- 52‑week low (2025‑04‑08): 8.33 CNY
- Market cap: 73,915,064,320 CNY
- Price‑earnings ratio: 32.78
On 2025‑11‑17 the Shanghai Electric Power stock reached a daily trading stop‑limit (跌停). The decline exceeded 9 % at 10:30 a.m. local time. The movement was part of a broader weakness in the electric‑power sector, with several related names such as 兆新股份, 金房能源, 吉电股份 and 梅雁吉祥 also falling.
2. Sector‑wide Performance
- Shanghai Composite Index (沪指): down 0.50 % on 2025‑11‑17, with total trading volume of 67.3 billion shares and a trading value of 951.9 billion CNY.
- Electric‑power equipment sector: experienced the largest decline among listed sectors, dropping 1.39 % on the day.
- Other affected sectors: pharmaceutical and biotechnology (1.69 % decline), non‑bank financial services (1.26 % decline).
The decline in the electric‑power equipment segment reflected a short‑term sell‑off rather than a fundamental deterioration in the industry.
3. Corporate Activity – National Electric Power Group
On 2025‑11‑14 National Electric Power Group (国家电投) announced the disclosure of a draft transaction to acquire 100 % of the equity of Baiyin Hua Coal Power (白音华煤电) for 11.149 billion CNY. The acquisition is part of a broader strategy to consolidate a “coal‑power‑aluminium” integrated platform within the group’s portfolio. Key points from the announcement include:
| Item | Detail |
|---|---|
| Buyer | National Electric Power Group’s subsidiary, Electric Power Energy (电投能源) |
| Target | Baiyin Hua Coal Power |
| Purchase price | 11.149 billion CNY |
| Strategic goal | Strengthen the group’s position in the coal‑power‑aluminium vertical, creating a closed‑loop competitive advantage |
The transaction follows a series of platform‑restructuring moves initiated in September 2024, which saw the group’s listed platforms pivot toward specialised segments such as nuclear power, hydro power, overseas clean energy, hydrogen‑based energy, and comprehensive clean‑energy flagship platforms.
4. Implications for Shanghai Electric Power
Shanghai Electric Power, listed on the Shanghai Stock Exchange, is a key constituent of the group’s overseas clean‑energy platform. The company’s role includes:
- Asset aggregation: Managing 4.7 trillion CNY of clean‑energy assets across 47 jurisdictions.
- Operational focus: Maintaining a diversified generation mix that supports the group’s long‑term sustainability objectives.
- Capital allocation: Participation in capital‑intensive projects, such as overseas clean‑energy and hydrogen‑based energy developments.
The recent market decline in the electric‑power sector has impacted Shanghai Electric Power’s share price, but the company’s strategic positioning within the group’s diversified clean‑energy framework remains intact.
5. Summary
- Shanghai Electric Power’s shares hit a daily stop‑limit on 17 November 2025 amid broader sector weakness.
- The Shanghai Composite Index fell 0.50 % that day, with electric‑power equipment and other sectors recording notable declines.
- National Electric Power Group disclosed a significant acquisition of Baiyin Hua Coal Power, reinforcing its coal‑power‑aluminium platform.
- Shanghai Electric Power continues to serve as the group’s overseas clean‑energy platform, managing extensive clean‑energy assets and supporting the group’s long‑term strategic objectives.
