Shanghai Electric Group Company Limited

2727
Failed

Company Overview

Shanghai Electric Group is a world-class comprehensive high-end equipment manufacturer, focusing on the three business areas of smart energy, intelligent manufacturing, and intelligent infrastructure to provide customers with industrial-grade green intelligent system solutions. Our business covers the world, mainly including new energy and efficient clean energy, industrial automation, basic industrial components, medical devices, environmental protection, etc. Relying on deep industrial heritage, excellent brand influence, close customer relationships and strong talent reserves, Shanghai Electric Group adheres to open collaboration, win-win cooperation, and focuses on promoting the dual intelligent linkage of “smart energy and intelligent manufacturing”, “industrial intelligence and service industrialization” two-wheel drive, and dual-network interaction of “energy Internet and industrial Internet” to empower global industrial development with technology and make human life better. The company's leading industry focuses on the three major sectors of energy equipment, industrial equipment, and integrated services, forming a relatively complete industrial automation and industrial equipment system, providing full-life cycle services for many high-end equipment, leading the development direction of multi-energy complementarity and energy interconnection, and is committed to providing customers around the world with technology integration and system solutions integrating green, environmental protection, intelligence and connectivity. There are three major sectors: energy equipment, industrial equipment, and integrated services.

Country
HK
Market Cap
$3.26B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.55% passed
5% Threshold
0.6%
Liabilities Compliance
220.38% failed
33% Threshold
220.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Shanghai Electric Group Company Limited
Ticker 2727
Main Business Specialty Industrial Machinery
Type Common Stock
Industry Specialty Industrial Machinery
Country HK
Market Cap $3.26 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $114,797.1 $0.0 -
Interest income $642.2 $642.2 -
Total $115,439.3 $642.2 0.55% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
short term borrowing $1,158,263,305.3 35.58%
notes payable $1,690,476,190.5 51.92%
long term bank loan $4,326,330,532.2 132.88%
Total Interest-Bearing Debt $7,175,070,028.0 220.38%
Market Capitalization $3,255,820,512.8 100.00%
Compliance Status Threshold: 33% failed