SH ELECTRIC<02727> - Results Announcement

Shanghai Electric Group Company Limited announced on 18/08/2006:
(stock code: 02727 )
Year end date: 31/12/2006
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 21,195,406         16,360,222        
Profit/(Loss) from Operations   *  : 2,136,025          1,739,927         
Finance cost                       : (40,595)           (42,957)          
Share of Profit/(Loss) of 
  Associates                       : 154,616            128,967           
Impairment of investments 
  in Associates                    : (7,910)            (72,013)          
Profit/(Loss) after Tax & MI       : 1,173,204          826,350           
% Change over Last Period          : +42       %
EPS/(LPS)-Basic (in dollars)       : 0.0987             0.0816            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 1,173,204          826,350           
Interim Dividend                   : NIL                NIL
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : N/A   
Payable Date                       : N/A
B/C Dates for (-)            
  General Meeting                  : N/A   
Other Distribution for             : N/A
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A   

Remarks:

*Profit/(Loss) from Operations was stated after interest income and other 
income, and before finance cost and share of profit/loss of associates and 
impairment/amortization of goodwill arising on acquisition of associates 
and before taxation and minority interests.