On September 20th, the Asia Brand Summit organized by the World Brand Lab was held in Hong Kong and released the "Asia’s 500 Most Influential Brands of 2023". Shanghai Electric secured the 92nd position on the list, marking a one-place improvement compared to the previous year&39;s ranking.

It is worth noting that Shanghai Electric has been on the list of Asia’s 500 Most Influential Brands for eight consecutive years, thanks to its highly resilient industrial foundation and innovative brand paradigm. In recent years, around comprehensive low-carbon transformation and its industrial planning, Shanghai Electric is actively expanding the "wind, solar, storage and hydrogen" multi-energy complementation projects and “generation, grid, load, and storage” integrated business, to drive revenue growth. Driven by scientific and technological innovation and supported by its comprehensive strength, Shanghai Electric continues to deepen the three core advantages of "extreme manufacturing power, integration services, scientific and technological competitiveness", driving accelerated growth in its main business. With a focus on the national strategy of low-carbon development and digital transformation, the Group continued to deepen internal reform of the management system to optimize the corporate governance structure and improve the ESG management system and ESG governance. Shanghai Electric joins hands with its global partners to continuously create and improve customer experience based on the concepts of openness, coordination and win-win cooperation, so as to promote sustainable and high-quality development.

It is reported that companies from 20 countries and regions were selected for the Asia’s 500 Most Influential Brands, and a total of 215 brands from China (including Hong Kong, Macao and Taiwan) made to the list, accounting for 43.00% of the top 500 Asian brands, ranking first. Experts analyzed that after the pandemic, the global consumption trend and industry development pattern have seen great changes. Compared with last year, brands of certain industries such as finance, diversification, communication services, and retail have increased, while for industries such as information technology, media, food and beverage, electronics and electrical appliances, and petrochemicals, the number of brands has declined. Asia remains the world&39;s most promising economy, with China, Japan and South Korea having the highest number of brands selected.

The Asia’s 500 Most Influential Brands has been published annually since 2006, and this year marks the 18th evaluation conducted by the World Brand Lab to assess the influence of Asian brands. It measures market share, brand loyalty, and Asian leadership among other metrics, and its findings have become an important basis for intangible asset assessment in the M&A process for many companies.