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Shanghai Electric Reports 16.6% Revenue Growth in H1 2026 as New Orders Reach CNY 100.39 Billion

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Accelerated deployment of green energy and industrial AI technologies, with project progress in European and Middle Eastern markets

SHANGHAI, Sept. 15, 2026 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727) has released its interim results for the first half of 2026. During the reporting period, it achieved operating revenue of CNY 63.332 billion (USD 9.17 billion), up 16.6% year‑on‑year; net profit attributable to shareholders of the listed company reached CNY 970 million (USD 140.49 million), an increase of 18.2%; and new orders totaled CNY 100.39 billion (USD 14.54 billion), marking further progress in energy transition, high‑end intelligent manufacturing, and international expansion.

Sustained momentum across three business pillars, with orders providing long‑term visibility

Shanghai Electric’s Energy Equipment segment posted revenue of CNY 36.558 billion (USD 5.29 billion), up 21.4% year‑on‑year, driven by growth in its wind power and energy storage businesses. The Industrial Equipment segment generated CNY 18.954 billion (USD 2.75 billion) in revenue, a 1.9% increase, as digital and smart technologies reinforced its position in machine tools, elevators, and industrial components. The Integrated Services segment achieved revenue of CNY 10.862 billion (USD 1.57 billion), up 31.5%. The segment continued to strengthen its capabilities in supply chain coordination, customized solutions, and full-lifecycle services.

Of the new orders, Energy Equipment accounted for CNY 64.24 billion (USD 9.30 billion)—including CNY 12.39 billion (USD 1.79 billion) for wind power equipment, CNY 11.44 billion (USD 1.66 billion) for energy storage equipment, CNY 4.57 billion (USD 661.91 million) for nuclear power equipment, and CNY 20.23 billion (USD 2.93 billion) for coal‑fired power generation equipment. New orders for Industrial Equipment and Integrated Services stood at CNY 21.25 billion (USD 3.08 billion) and CNY 14.91 billion (USD 2.16 billion), respectively.

Advancing overseas project expansion and localized operations

During the reporting period, Shanghai Mitsubishi Elevator secured the contract for the Dubai Palm Island Phase II project, supplying 700 high-end elevators and related services.

Marking its first large-scale entry into Europe’s high-end market, Shanghai Electric’s power transmission and distribution business won a contract to supply high- and low-voltage switchgear for a hyperscale data center in Finland.

The company also signed a contract for the Minety Phase II Stonehill Energy Storage Project (50 MW/150 MWh) in the UK, further reinforcing its strategic footprint in the European premium energy storage market.

Shanghai Electric has established a “1+N+6” international business management network, with newly opened regional headquarters in Central Asia, Southeast Asia, and the Middle East and North Africa driving global business synergy and strengthening localized operations across key markets.

Technology- and innovation- driven strategy breaks new ground in green energy and high-end manufacturing

In green fuels, the company’s proprietary “green power + biomass gasification to green methanol” full‑chain technology, validated in Jilin’s Taonan project, has secured the EPC contract for the Lanzhou New Area 100,000‑ton/year biomass green methanol project (Phase I), now under construction.

In new energy and high‑end equipment, the company has mastered key nuclear equipment manufacturing and testing technologies, with offshore wind orders exceeding 2 GW. The company also contributed to the full commissioning of the Huai’an Salt Cavern Compressed Air Energy Storage Project—the world’s largest.

In industrial intelligence, the “SUYUAN 2.0” humanoid robot made its domestic debut, with over 40 AI agents deployed across R&D, production, and maintenance. The SEunicloud Industrial Internet Platform has connected about 1.16 million devices and developed over 60 industry‑specific digital solutions.

Looking ahead, Shanghai Electric will focus on coordination and efficiency, international expansion, and digitalization to advance the high-end, intelligent, green, and integrated development of its businesses.

SOURCE Shanghai Electric

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FIT Tech Day 2026 Focuses on Optical Connectivity in the AI Era, Bringing Global Industry Leaders Together to Explore “Light at Scale”

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HONG KONG, Sept. 16, 2026 /PRNewswire/ — Foxconn Interconnect Technology (FIT Hon Teng, HKEX: 6088) today hosted FIT Tech Day 2026, themed “Light at Scale: The Next Frontier in Data Center Interconnects.” The event brought together global leaders from the optical communications, AI, and semiconductor industries to explore the next generation of connectivity for AI, spanning light sources, materials, photonics, network architectures, manufacturing, and the broader industry ecosystem.

The event also showcased the cross-disciplinary integration capabilities of the Hon Hai Technology Group. Young Liu, Chairman of Hon Hai Technology Group, attended the event, while Brand Cheng, Chairman of FII, delivered the opening remarks. Together, they highlighted the Group’s comprehensive capabilities spanning semiconductors, AI, cloud infrastructure, and advanced manufacturing.

“AI is redefining data center architectures while simultaneously driving optical communications into a new phase of development. Over the next decade, we expect to see not only faster optical technologies, but also how optical connectivity can be deployed more reliably and efficiently at scale,” said Sidney Lu, Chairman of FIT. “By integrating the diverse businesses and technological capabilities across the Hon Hai Technology Group, we have an opportunity to advance innovation in optical communications beyond individual components toward more integrated systems and large-scale applications.”

The first half of the event featured four keynote sessions exploring the next steps for optical communications in the AI era from different layers of the technology stack. Dr. Wupen Yuen of Lumentum examined the interconnect requirements driven by Scale-up, Scale-out, and Scale-across in AI system architectures, as well as the trend toward optics becoming a core element of AI system architecture. Dr. Chuck Mattera reviewed the evolution of semiconductors, lasers, fiber optics, computing, and manufacturing, and looked ahead to the evolution from Pluggable Optics, CPO, and Optical I/O to Photonic Fabrics, supporting the transition of optical technologies toward large-scale deployment. Mr. Yoshiaki Sato of NTT Innovative Devices focused on the evolution of photonics-electronics convergence from an industry vision toward practical implementation, and shared the detachable Optical Engine architecture based on socket technology co-developed with FIT. Mr. Ashkan Seyedi of ams OSRAM introduced Wide & Slow Optics and Micro Emitter technologies, exploring how optics moving closer to the compute core can address low latency, efficiency, density, reliability, and manufacturability.

The second half of the event featured a panel discussion moderated by Dr. Thomas Liu of FIT, bringing together Dr. Hong Hou, CEO of Semtech; Dr. WP Huang, Chairman of Ligent; Mr. Ernest Muhigana of MACOM; and Dr. Hao-Chung Kuo, Head of the Semiconductor Research Center at Hon Hai Research Institute. The panel explored optical modules, CPO, high-speed interconnects, and the broader ecosystem required by AI infrastructure, discussing how innovations in optical communications can advance toward reliable and scalable large-scale deployment as AI infrastructure continues to expand.

FIT Tech Day 2026 brings together leaders across the optical communications, AI, semiconductor, and data center industries for in-depth cross-industry exchange. Through “Light at Scale,” FIT and its global industry partners are exploring the technologies, architectures, and collaborations shaping the next generation of connectivity.

About Foxconn Interconnect Technology (FIT Hon Teng)

Foxconn Interconnect Technology (HKEX: 6088) was listed on the Hong Kong Stock Exchange in 2017 and is the largest consumer electronics connector manufacturer in Greater China. While connectors remain its core business, the company has strategically expanded in recent years into 5G AIoT, electric vehicles, and acoustic electronic components, while also entering the consumer brand sector. For more information, please visit the company’s website at www.fit-foxconn.com

Media Contact:                                  

Product and Service Inquiries:

Email: fit-ir@fit-foxconn.com             

Europe and America Contact: sales-usa@fit-foxconn.com  

   

View original content:https://www.prnewswire.com/apac/news-releases/fit-tech-day-2026-focuses-on-optical-connectivity-in-the-ai-era-bringing-global-industry-leaders-together-to-explore-light-at-scale-302879880.html

SOURCE FIT Hon Teng Ltd

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AIM ASEAN Singapore 2026 Brings Singapore’s Business and AI Ecosystems Together to Advance SME AI Adoption

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National convening identifies priorities for moving SMEs from AI awareness to implementation, alongside a new industry-education collaboration

SINGAPORE, Sept. 16, 2026 /PRNewswire/ — BlackStorm Group, through its AI ecosystem platform Project Asia Data, convened policymakers, business leaders, educational institutions, industry associations, technology providers and ecosystem partners at AIM ASEAN Singapore 2026: National Policy Convening and Flagship Forum. Organised by Project Asia Data and Singapore Polytechnic (SP), the event explored how SMEs can move from AI awareness and experimentation towards practical implementation and measurable business impact.

Bringing together stakeholders from across the public, private and education sectors at the Singapore Polytechnic Convention Centre, the event provided a platform to exchange perspectives on the capabilities, resources and partnerships needed to support responsible and sustainable AI adoption.

The invitation-only National Policy Convening focused on two key challenges: closing the gap between AI awareness and fluency, and developing “AI-bilingual” talent who can connect business needs with the possibilities and limitations of AI.

Participants examined the barriers SMEs commonly face, including uncertainty over where to begin, difficulty identifying high-value use cases, limited internal capabilities, affordability concerns and access to trusted implementation support. The discussions also considered how government agencies, educational institutions, business associations, technology providers, and ecosystem organisations can work together to create clearer pathways from capability building to adoption.

Three priorities for SME AI adoption

Speakers and participants identified three priorities for helping SMEs adopt AI more effectively:

Start with business outcomes – SMEs should focus on clearly defined business problems and measurable outcomes, using AI where it can improve productivity, reduce manual work, support better decisions or create new growth opportunities.Build people and organisational capability – AI adoption needs to go hand in hand with workforce development. Employees need practical AI skills, confidence and the ability to combine domain expertise with AI in their daily work.Strengthen the SME AI ecosystem – SMEs need access to practical guidance, trusted partners, relevant training and peer networks to help them move from experimentation to implementation responsibly and sustainably.

Together, these priorities highlighted that successful AI adoption should not be treated solely as a technology project. It also requires leadership commitment, appropriate workforce capabilities, redesigned workflows, responsible governance and continued access to relevant support.

Insights from the National Policy Convening were shared during the afternoon Flagship Forum, which featured an AIM ASEAN Executive AI Masterclass, a panel on the skills, tools, trust and implementation support required by MSMEs, and an AI Ecosystem Showcase connecting businesses with relevant programmes, solutions and partners.

“AIM ASEAN Singapore 2026 connects ecosystem-level discussions with the practical needs of businesses,” said Ms Jeslin Bay, Group CEO of BlackStorm Group. “We have trained more than 1,500 MSMEs to date and aim to reach 3,000 within two years. SMEs need more than awareness or familiarity with AI tools—they need relevant capabilities, trusted partners and clearer pathways to translate AI into meaningful business outcomes.”

BlackStorm Group and Singapore Polytechnic sign MOU

During the event, BlackStorm Group and Singapore Polytechnic signed a two-year Memorandum of Understanding to explore collaboration in skills development, entrepreneurship, innovation and industry engagement.

Potential areas include joint learning programmes, access to entrepreneurs and mentors, industry opportunities for students and alumni, technology commercialisation and connections for businesses seeking innovation support or growth opportunities beyond Singapore.

“AI is changing how businesses operate, and helping our students and alumni keep pace with that shift is central to what we do. This MOU gives us a direct link to BlackStorm Group’s network of entrepreneurs, mentors and industry partners, so our applied learning stays grounded in what businesses actually need. We are looking forward to turning that partnership into real opportunities for our students, alumni and the wider business community,” said Ms Tan Yen Yen, Deputy Principal (Development), Singapore Polytechnic.

Extending support through FutureVillage

BlackStorm Group also introduced FutureVillage, an ecosystem initiative designed to help businesses and individuals navigate the changing future of work and business.

Built around entrepreneurship, leadership and artificial intelligence, FutureVillage will connect businesses, entrepreneurs and professionals with knowledge, AI resources, experienced talent, mentors, industry networks and regional opportunities. The aim is to extend access to learning and support beyond individual programmes and events.

FutureVillage is guided by a simple principle: the future is not built alone. It takes a village.

– END –

About AIM ASEAN

AIM ASEAN is a two-year regional initiative by the ASEAN Foundation, under the AI Opportunity Fund: Asia Pacific, in collaboration with AVPN and supported by Google.org and the Asian Development Bank. It aims to empower more than 100,000 MSMEs. Through practical, localised AI training, AIM ASEAN helps small business owners use digital tools to improve operations, expand markets, and build resilience. The programme also brings together policymakers and experts to strengthen the ecosystem that enables MSMEs to thrive in the digital age.

About BlackStorm Group

BlackStorm Group is a Singapore-based business advisory and ecosystem-building group that helps companies grow and enter Southeast Asia markets with clarity and speed. Its ecosystem includes BlackStorm Consulting, which supports strategy and market entry across Southeast Asia; Project Asia Data, which drives practical AI adoption and training for businesses; and STARTUPVILLAGE, a platform connecting founders and professionals through community and learning across Asia.

BlackStorm Group is also developing FutureVillage, a broader ecosystem connecting entrepreneurship, leadership, talent and artificial intelligence to support businesses and individuals navigating the future of work and business. 

For more information, visit https://blackstormco.asia/. Follow BlackStorm Group on Facebook and LinkedIn @BlackStorm Group.

About Singapore Polytechnic

Established in 1954, Singapore Polytechnic (SP) is Singapore’s first polytechnic and a polytechnic for all ages. Today, more than 12,800 students across 10 schools pursue 30 full-time diploma courses and four common entry programmes in fields such as engineering, business, computing, health sciences, media and design, and maritime studies.

SP brings industry into the heart of learning. As the regional leader of the global CDIO movement, SP embeds real-world problem-solving across all disciplines, preparing graduates to contribute from day one. Its 13 consultancy and technology innovation centres partner enterprises on applied solutions, while the SP Company and Workforce Transformation (CWT) framework helps organisations build future-ready capabilities.

Through the Professional & Adult Continuing Education (PACE) Academy, SP offers more than 500 industry-aligned courses, including part-time diplomas, Work-Study Programmes and SkillsFuture Career Transition Programmes, enabling professionals to upskill and reskill throughout their careers.

SP’s 246,000-strong alumni network includes entrepreneurs, business leaders, public-sector leaders and professionals across industries. Its commitment to education, service and sustainability has earned national and regional recognition, including the President’s Award for the Environment, the President’s Social Service Award, the ASEAN People’s Award and the President’s Award for Teachers.

Guided by its vision of a caring community of inspired learners committed to serving with mastery, SP prepares graduates to be life-ready, work-ready and world-ready.

For more information, visit www.sp.edu.sg. Follow SP on Facebook and YouTube @SingaporePolytechnic, on Instagram and TikTok @SingaporePoly, and on LinkedIn.

Media Enquiries:

For interview requests, event coverage, or additional information about the AIM ASEAN Singapore 2026: National Convening and Flagship Forum, please contact: 

BlackStorm Group

https://blackstormco.asia/More information about the event: https://projectasiadata.com/aim-asean-flagship/

View original content:https://www.prnewswire.com/apac/news-releases/aim-asean-singapore-2026-brings-singapores-business-and-ai-ecosystems-together-to-advance-sme-ai-adoption-302879949.html

SOURCE BlackStorm Group

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DOORZO ADDS KOREA’S BUNJANG, EXPANDING FROM JAPAN-ONLY PROXY SHOPPING TO PAN-ASIAN COMMERCE

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K-pop merchandise, Korean fashion, and collector items now live in Singapore, Hong Kong SAR, Taiwan region, Malaysia, and more

Tokyo, Sept. 16, 2026 /PRNewswire/ — Doorzo, the Japan-based proxy shopping platform, has integrated Bunjang, South Korea’s leading technology-driven recommerce platform, into its global site. The integration went live on August 15, making Bunjang listings available to Doorzo’s global users for the first time.

The move marks Doorzo’s first expansion beyond Japanese goods to its global users. Shoppers who previously used the platform for anime figures, trading cards, and Japanese fashion can now browse selected categories including K-pop merchandise, Korean beauty products, comics, and collector items through the same account, cart, and checkout.

How to buy from Bunjang

Doorzo’s global site connects directly to Bunjang’s system, so users can search and buy from Bunjang without navigating a Korean-language marketplace or arranging their own forwarding.

Doorzo acts as a proxy for Bunjang purchases, handling the order, inspection, and international shipping. Every order is inspected at Doorzo’s partner warehouse in Korea before it ships, using the same quality check Doorzo applies to Japanese purchases.

Bunjang has been expanding cross-border access to its marketplace through partnerships with overseas platforms, and Doorzo’s reach across more than 190 countries and regions extends that footprint.

What it means for Singapore buyers

Doorzo localizes payment and delivery in each market it serves. Buyers who want to buy from Korea and ship to Singapore can choose Doorzo Air for lighter parcels or Doorzo Priority, a DDP route flown by Singapore Airlines that settles duties and taxes upfront, so less is owed on delivery.

Apple Pay, Google Pay, and PayPal are supported at checkout.

The platform’s Group Order feature, which consolidates multiple buyers’ items into a single parcel, is particularly relevant here: fandom groups buying K-pop merchandise in Singapore together can split international shipping the same way Singapore collectors already do for Japanese trading cards.

Looking ahead

Doorzo aims to become the default gateway for Asian consumer goods, building a single platform where overseas buyers can order from Japan and Korea in one place, with more markets to follow.

About Doorzo

Doorzo is a proxy shopping platform that lets overseas users buy from Japanese e-commerce, flea markets, and auction sites, delivering to more than 190 countries and regions.

About Bunjang

Bunjang, launched in 2011, is South Korea’s leading technology-driven recommerce platform, connecting users across categories from K-pop merchandise, high-end fashion and digital devices to collectibles and hobby goods.

View original content:https://www.prnewswire.com/apac/news-releases/doorzo-adds-koreas-bunjang-expanding-from-japan-only-proxy-shopping-to-pan-asian-commerce-302879224.html

SOURCE Doorzo

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