The Francis turbine shaft-system consists of a hydraulic-turbine runner, generator-rotor, hydraulic-turbine shaft and generator shaft, which is the key component of the hydraulic-turbine unit, and the status of the shaft-system installation affects the safety and reliability of the hydraulic-turbine unit directly. The rotor-dynamic characteristics of a large-scale Francis turbine shaft-system under different rotating speeds were calculated with the finite-element method (FEM) in this paper. The results show that the vibration motion of the studied shaft-system is a bending mode. The rotating speed of the unit has significant influences on the rotor-dynamic characteristics of the Francis turbine shaft-system, including its natural-frequencies, vibration modes and critical-speed. By comparing the critical-speed with the rated and runaway speed of the Francis turbine shaft-system, the evaluation shows that the shaft-system operates in safe conditions. The research provides theoretical support and practical reference for on-site assembly, safe production and operation of prototype hydroelectric units. The conclusions can be extended to the high-quality installation and operation of other large hydroelectric generating units, pumps and pump-turbine units.