The hottest Shanghai Electric R & D expenditure is

Shanghai Electric's R & D expenditure is 3.72 billion, ranking first in the electrical equipment industry

with a 117 year history, it is at the forefront of scientific and technological innovation

Shanghai Electric, the equipment manufacturing group ranking first in the sales of China's machinery industry, the first 6 kW steam turbine generator set in New China, the world's first 12000 kW double water internal cooling steam turbine generator, and so on, are all from Shanghai Electric. On its resume, the company has created many firsts in China and the world. The company's nuclear power conventional island technology covers world-renowned nuclear power equipment such as hualong-1

it is found that Shanghai Electric has been practicing industrial innovation and upgrading. Up to now, the company's leading industries have focused on three major areas: energy equipment, industrial equipment and integrated services, and have been or are undergoing transformation and upgrading from unified energy equipment to clean energy equipment, from traditional manufacturing to intelligent manufacturing, and from single manufacturing to manufacturing + service mode

in order to fully support unremitting technological innovation, Shanghai Electric is quite willing to invest in R & D. Last year, the company's R & D expenditure reached 3.72 billion yuan, ranking first in the electrical equipment industry, about twice that of Ningde times, Guodian Nari and other companies. Its R & D personnel exceed 3000, accounting for about 10% of the company's total employees

in recent years, the operating performance of Shanghai Electric has increased steadily. From 2016 to 2018, its operating income fluctuated, but its net profit increased by more than 10% year-on-year. Last year, its net profit reached 3.017 billion yuan

it is worth mentioning that the financial situation of Shanghai Electric is relatively stable. By the end of last year, the company's long-term and short-term debt was 34.571 billion yuan, while the monetary capital was 42.476 billion yuan. The monetary capital was enough to cover the debt. Usually, such materials can still keep the equipment in good quality. In the same period, the company's prepayments were 11.867 billion yuan, advances received (including contract liabilities) were 36.913 billion yuan, and customer deposits were 4.432 billion yuan. It is conceivable that the company's products are highly competitive

there are more than 3000 R & D personnel

Shanghai Electric adheres to technology leadership and continues to tackle key technical problems with great results

over the years, Shanghai Electric has invested a lot in R & D

according to the annual report, since 2010, the annual R & D expenditure of Shanghai Electric has exceeded 1billion yuan. From 2015 to 2018, R & D expenditure was 2.464 billion yuan, 2.684 billion yuan, 3.004 billion yuan and 3.720 billion yuan respectively. In the nine years from 2010 to 2018, the company's cumulative R & D expenditure was 21.677 billion yuan, with an average annual R & D expenditure of 2.409 billion yuan

last year, the company spent 3.72 billion yuan on R & D, ranking first in the A-share electrical equipment industry. Among peer companies, Ningde times spent 1.991 billion yuan, Guodian NARI 1.901 billion yuan, Dongfang Electric 1.689 billion yuan, and TBEA 1.630 billion yuan, all significantly lower than the R & D expenditure of Shanghai Electric

last year, the R & D expenditure of Shanghai Electric accounted for 3.68% of the current operating income. In that year, the company had 3082 R & D personnel, accounting for 9.98% of the total number of employees

according to the annual report, Shanghai Electric has strong advantages in the field of nuclear power equipment. It is committed to building a domestic leading nuclear power equipment manufacturing group and a nuclear safety culture demonstration base with the ability of integrated supply and comprehensive service of nuclear island, which is respected by the industry. The company adheres to the strategy of improving the past, tackling key problems at present and developing the future. As a high-end manufacturing base of nuclear power conventional island equipment, the company's nuclear power conventional island technology covers AP1000, cap1400, Hualong 1, etc., becoming the only nuclear power equipment manufacturing group in China with a complete industrial chain of nuclear island and conventional island main equipment, auxiliary equipment, nuclear power large forgings, etc., and taking the lead in the market share of nuclear island main equipment

Shanghai Electric said that after nearly 40 years of efforts, the company has been able to supply complete sets of second-generation, second-generation and third-generation reactors in the field of nuclear power equipment production and manufacturing. Dr. Huimin Cao, chief scientist of DSM functional materials business department, represented by reactor internals and control rod drive mechanism, has significant market advantages

last year, the company completed the delivery of the internals of hualong-1, the world's first fuqing-5, and the overseas first karachi-2. The company has also successfully developed and manufactured the 1905mm low-pressure cylinder last stage long blade with the largest exhaust area and the widest application range in the world, which represents the highest level of design and manufacturing of nuclear power turbine rubber tensile testing machine with the widest range of mechanical properties among all known materials

in the field of wind power, Shanghai Electric has realized the transformation from a wind turbine equipment manufacturer to a full life cycle (covering wind resources - wind farms - electricity - environment) wind power service provider, and has successively set up R & D centers in Beijing, Zhejiang Hangzhou, Guangdong Shantou, Denmark and other places. Last year, the company officially put into operation in Fujian offshore wind power equipment manufacturing base, which is currently the largest and highest level offshore wind power production base in Asia, marking that the company has the production capacity of 6-10mw large-scale direct drive units

in addition, in the fields of efficient and clean energy technologies such as green coal power and gas turbines, and intelligent manufacturing technologies such as elevators, Shanghai's electrical related technologies have reached the world-class level

accounts receivable and bills decreased sharply by 13.7 billion

while breakthroughs have been made in technological research, Shanghai Electric has also performed well

last year, Shanghai Electric's operating revenue exceeded 100 billion yuan, reaching 101.158 billion yuan, an increase of 21.614 billion yuan or 27.17% over the previous year. The corresponding net profit (net profit attributable to shareholders of listed companies) was 3.017 billion yuan, an increase of 13.42% year-on-year

in fact, the net profit of Shanghai Electric has been growing steadily in recent years. In 2016 and 2017, the operating revenue of the company was 88.507 billion yuan and 79.544 billion yuan, with a year-on-year increase of 11.39% and 10.13% respectively, and the corresponding net profit was 2.397 billion yuan and 2.66 billion yuan, with a year-on-year increase of 11.87% and 10.96%

in the first quarter of this year, double-digit growth continued. Its operating income was 20.514 billion yuan and net profit 762 million yuan, an increase of 11.37% and 15.95% respectively over the same period of last year

the finance of Shanghai Electric is relatively healthy. By the end of last year, current assets were 151.728 billion yuan and current liabilities were 119.623 billion yuan. Current assets can basically cover current liabilities. Among the current liabilities, if 36.913 billion yuan of advance payment and service fees are deducted, the current liabilities only account for 54.51% of the current assets of the prompt window for successful installation in the current period

by the end of last year, the company's accounts receivable were 18.841 billion yuan and notes receivable were 5.485 billion yuan, a total of 24.326 billion yuan, a sharp decrease of 13.686 billion yuan compared with 38.012 billion yuan at the end of the previous year. Last year's notes and accounts receivable were the lowest level since 2012

affected by this, the company's asset impairment losses (including credit impairment losses) have also decreased significantly. Last year, the asset impairment loss was 1.815 billion yuan, a decrease of 1.078 billion yuan or 37.26% compared with 2.893 billion yuan in 2017. In 2015 and 2016, the company's asset impairment losses also exceeded 2billion yuan

in addition, the company's inventory also decreased, reaching 23.9 billion yuan at the end of last year, a decrease of 2.285 billion yuan from 26.185 billion yuan at the end of 2017

the decrease of notes receivable, accounts receivable and inventory directly leads to the increase of the company's net operating cash flow and monetary capital. Last year, the net operating cash flow of the company turned negative to positive, from 7.525 billion yuan last year to 949 million yuan, an increase of 8.474 billion yuan. By the end of last year, the company's monetary capital was 42.476 billion yuan, an increase of 5.252 billion yuan over the end of the previous year

from the perspective of debt structure, as of the end of last year, the company's short-term borrowings were 8.586 billion yuan, non current liabilities due within one year were 3.647 billion yuan, long-term borrowings were 9.589 billion yuan, bonds payable were 12.749 billion yuan, and the total long-term and short-term debt was 34.571 billion yuan. Among them, short-term debt is 12.233 billion yuan, long-term debt is 22.338 billion yuan, and the ratio of long-term and short-term debt is 1.83:1. This proportion shows that the debt structure is relatively reasonable. Compared with the monetary capital of 42.476 billion yuan at the end of last year, the company has no debt repayment pressure at all