Shanghai Mechanical and Electrical Industry Co., Ltd.
600835 · SSE · China
chinasec.cnFinancials as of FY2025
Manufactures industrial electromechanical equipment, such as elevators and motors, and earns a substantial share of its revenue from installing and maintaining machines already placed in the field.
- Depends onDownstream position: depends on 12 industries, supplies 6
- ScaleMarket cap is $2.73B, above the global median of $1.18B
- PositionPrice-to-book is 1.32×, lower than 95% of its Specialty Industrial Machinery peers (median 3.77×)
- Interpretations5 currently firing — 5
What this company is and how it runs — written from structure, not news.
The system draws on a wider range of upstream industries for inputs than the narrower range of downstream industries it supplies into, positioning it closer to final equipment users than to raw material sources. Its coordination does not end at the sale: for at least part of its business it continues to install and maintain equipment it has placed, keeping an ongoing relationship with the operator rather than a single one-off transaction.
Revenue comes mostly from selling manufactured equipment outright, with a substantial secondary stream from installing and servicing equipment already in the field, and a marginal amount from renting equipment rather than selling it.
Scaling this kind of production business generally means adding physical manufacturing and conversion capacity, since output is capped by what existing plant can process in a period, rather than adding customers at little extra cost. CompanyGraph's reading of the accounts shows a company that consistently generates more cash from its operations than it reports as profit, holds cash reserves close to covering its total debt, and has posted a profit and grown its book value every year without exception, a combination consistent with capacity growth being funded from its own operations rather than from heavy borrowing.
This company draws inputs from a wider set of upstream industries than the number of downstream industries it supplies into, putting it closer to the finished-goods end of its chain than to raw materials. No specific suppliers, vendors or single-source inputs are identified in what is on file.
It supplies into a narrower band of downstream industries than the range of upstream industries it depends on, consistent with a position closer to final equipment buyers than to raw input markets. No named customers or customer-concentration information is available in what is on file.
This company's underlying way of operating, a production system whose scale is capped by physical processing capacity, is shared by a large number of other companies rather than being a rare configuration. What, if anything, stops competitors from copying its particular operations is not something the available information shows.
CompanyGraph groups this company with an industry-level pattern in which scale is limited by how much a fixed plant can physically convert in a given period, constrained further by maintenance needs and the availability of the materials or components it processes. This is CompanyGraph's classification for the industry rather than a limit measured for this company specifically, and whether it is the actual binding limit here, as opposed to something else such as demand or capital, has not been confirmed from what is on file.
As a maker of physical equipment whose output is capped by plant capacity, this kind of business is generally exposed to the cost and availability of the materials and components it converts, and to demand that moves with construction and broader industrial investment activity, since products such as elevators and building climate-control equipment depend on building activity. CompanyGraph has no company-specific information on file about regulators, trade exposure or legal proceedings for this company.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written September 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
5 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Cash Backing With OCF Coverage And Cash Near Total Debt
Cash on hand covers most or all of its total debt, and cash flow matches reported earnings.
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
How is this stock valued?
Close Below 40W SMA With Profitability
The price sits below its 40-week average, on three profitable years and cash above profit.
Drawdown With FCF And Cash Backing
Well below its peak, with three years of positive free cash flow behind it.
Price Below Mean With Profitability And Book Value
Price sits well below its yearly mean, on three profitable years and rising book value.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.