With income, the gross margin, the volume of orders and cash flows all reached simultaneous growth in 2024
Shanghai,, April 16, 2025 / Prnewswire / – Shanghai Electric (Sehk: 2727, SSE: 601727) declared income from RMB 116.19 billion. The company has cited its main nuclear power forces, wind energy, energy storage and hydrogen energy as key engines, in the middle of growing global demand for clean energy and manufacturing of high -end equipment. To date December 31, 2024total assets were stated 302.51 billion yuan.
“Shanghai Electric will be guided by our double carbon objectives, focusing on integrated solutions for the storage of wind, solar and hydrogen while continuing to strengthen our industrial advantages,” said Zhu Zhaokai, president of Shanghai Electric. “We believe that thanks to technological innovation and a global presence, Shanghai Electric can contribute more Chinese wisdom to the global energy transition.”
The energy equipment sector has continued to see solid results, with new orders 89.1 billion yuan In 2024, an increase of 18.45% in annual shift
Shanghai Electric has unveiled key innovations in emerging sectors, stimulating the growth of wind energy, energy storage, hydrogen energy and green fuels.
- Wind powerThe company launched its 18 MW-25 MW-developed Poseidon platform model, as well as Asia The first mother vessel of the operation and maintenance for high seas projects. The model includes distributed energy storage, wind turbines technology adapted to the network and adaptability for offshore scenarios such as island micro-networks, offshore hydrogen production, Flexible DC transmission and floating turbines.
- In energy storageShanghai Electric has introduced a 250 kW class liquid-fer liquid flow battery, reducing electrolyte costs while maintaining energy density. The new inverter systems, including a 2×2.6 MW model and a 215 kW chain inverter, improve the flexibility of the power system. In hydrogen energy, the alkaline electrolyzer of the company Z of the company, Tüv certified, meets international performance standards, improving efficiency and reducing costs. He also tested his 300 Nm electrolyzer PEM (H, increasing efficiency and stability. Shanghai Electric has become China First producer of green methanol to obtain the ISCC EU certification to complete treatment, convert agricultural biomass into methanol using advanced gasification and hydrogen wind technologies.
The high -end industrial manufacturing equipment made a breakthrough in 2024, with new orders for 42.293 billion yuan
- Shanghai Electric accelerated technological innovation, stimulating the sustainable development of its aerospace company. In 2024, the world industrial parties experienced regular growth, stimulated by innovation and market demand. The domestic substitution of central parts such as aerospace blades, bearings and precision gears quickly progressed. As a world leader in aviation equipment, company technology supports the assembly of the plane engine, fuselage riveting and composite composite production.
- In automationShanghai Electric offers solutions with large-scale precision shredders and CNC machine tools, covering more than 200 varieties and 600 specifications. Shanghai Electric products are used in the main civil production lines of line planes. In addition, the 100% Ningsheng Industrial acquisition increases its robot industry and its digital factory capacities.
- THE integrated services regularly grew up, with new orders of 22,214 billion yuan In 2024, an increase in annual sliding of 13.02%. In energy engineering services, Shanghai Electric has extended beyond thermal energy in new energy and distributed markets. The company has gone from regional markets to Worlds, improving international points of sale and accelerating technical developments to meet high demand. Shanghai Electric has also built industrial service capacities, in particular the collaboration of the supply chain, personalized solutions and complete management of the life cycle, promoting more in -depth integration of manufacturing and services.
In addition, in 2024 Shanghai Electric reduced management and financial expenses while progressing ESG objectives, launching a carbon management platform which reduced 23,000 tonnes of carbon dioxide and ten of its factories were recognized as Shanghai smart factories. The company has also extended to new parts of energy vehicles and industrial software. Its R&D expenses in 2024 have totaled 5.67 billion yuanAn increase of 5.5%, focusing on breakthroughs in gas turbines and grid -type wind turbines. At the end of 2024, the company held 6,823 valid patents.
For more information on Shanghai Electrics, please visit: https://www.shanghai-electric.com/group_en/.
Source Shanghai Electric
