On December 18, the People's Daily announced its first-ever list of "China Brand Development Index Top 100". Shanghai Electric secured the 40th spot with a composite index score of 784.34.

As President Xi Jinping signaled the paradigm shift from "Made in China" to "Created in China," from "China Speed" to "China Quality," and from "China Products" to "China Brands", the Brand Development Index (BDI) has been developed by the People's Daily and other organizations as a special subject. Under a system that integrates macro-environment index, business index, and diagnosis mechanism, the evaluation tracks brands and ranks their performance during a certain period based on six key indicators: innovation leadership, overall strength, market recognition, profitability, corporate social responsibility, and user reputation.

Since the launch of the "three-step" strategy, Shanghai Electric has put into practice comprehensive and systematic brand management to build itself into a world-leading high-end equipment manufacturer. On the road to reform and transformation, Shanghai Electric takes on the mission of "empowering industries around the globe and creating a better and intelligent life". We strive for innovation and transformation by implementing national strategies and benchmarking against the world's highest standards and best practice. At the same time, Shanghai Electric has been manufacturing high-end, intelligent and advanced equipment, and developing comprehensive, systematic solutions that are green, eco-friendly, intelligent, interconnected, and technologically integrated. As Shanghai Electric launches core products and smart technology solutions to customers around the world, we can build a solid groundwork for the evolution into a modern, world-leading company of global presence.

The list is reported to quantitatively evaluate the competitiveness of Chinese brands and even the country in an effort to promote brand development and high-quality growth in China. The ranking also reflects our increasing industry influence and public awareness.