With Earnings, Rude Margin, Line Quantity, and Money Current All Reaching Coincident Enlargement in 2024

SHANGHAI, April 16, 2025 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE:601727) reported earnings of RMB 116.19 billion. The Corporate cited its core strengths in nuclear energy, breeze energy, power vault, and hydrogen power as key drivers, amid emerging world call for for blank power and high-end apparatus production. As of December 31, 2024, general property stood at 302.51 billion yuan.

“Shanghai Electric will be guided by our dual carbon goals, focusing on integrated solutions for wind, solar and hydrogen storage while continuing to strengthen our industrial advantages,” stated Zhu Zhaokai, President of Shanghai Electrical. “We believe that through technological innovation and a global presence, Shanghai Electric can contribute more Chinese wisdom to the global energy transition.”

The power apparatus sector persisted to look robust effects, with pristine orders of 89.1 billion yuan in 2024, an 18.45% year-on-year build up

Shanghai Electrical unveiled key inventions throughout rising sectors, using enlargement in breeze energy, power vault, hydrogen power, and inexperienced fuels.

• In breeze energy, the Corporate introduced its self-developed 18MW-25MW Poseidon platform fashion, at the side of Asia’s first operation and upkeep mom send for deep-sea initiatives. The fashion options disbursed power vault, grid-friendly breeze turbine tech, and flexibility for offshore eventualities like island microgrids, offshore hydrogen manufacturing, versatile DC transmission, and floating generators.
• In power vault, Shanghai Electrical presented a 250kW-class vanadium-iron liquid stream battery, decreasing electrolyte prices month keeping up power density. Fresh inverter methods, together with a 2×2.6MW fashion and a 215kW anecdote inverter, give a boost to energy gadget flexibility. In hydrogen power, the Corporate’s Z-series alkaline electrolyzer, TÜV-certified, meets world efficiency requirements, making improvements to potency and decreasing prices. It additionally examined its 300Nm³/h PEM electrolyzer, boosting potency and steadiness. Shanghai Electrical turned into China’s first inexperienced methanol manufacturer to earn full-process ISCC EU certification, changing agricultural biomass into methanol the usage of complex gasification and wind-to-hydrogen applied sciences.

Top-end business production apparatus made a leap forward in 2024, with pristine orders of 42.293 billion yuan

• Shanghai Electrical has speeded up technological innovation, using the sustainable construction of its aerospace trade. In 2024, world business portions noticed secure enlargement, spurred via innovation and marketplace call for. Home substitution of core portions similar to aerospace blades, bearings, and precision gears has all of a sudden advanced. As an international chief in flying apparatus, the Corporate’s generation helps airplane engine meeting, fuselage riveting, and composite feature manufacturing.
• In automation, Shanghai Electrical offer answers with large-scale precision grinders and CNC device gear, protecting over 200 types and 600 specs. Shanghai Electrical’s merchandise are worn in main civil airliner manufacturing strains. Moreover, the 100% acquisition of Ningsheng Commercial advances its robotic business and virtual manufacturing unit features.
• The built-in products and services grew frequently, with pristine orders of 22.214 billion yuan in 2024, a year-on-year build up of 13.02%. In power engineering products and services, Shanghai Electrical expanded past thermal energy into pristine power and disbursed power markets. The Corporate has shifted from regional to world markets, bettering world retailers and accelerating technical tendencies to satisfy robust call for. Shanghai Electrical has additionally constructed business carrier features, together with provide chain collaboration, custom designed answers, and whole life-cycle control, selling deeper integration of producing and products and services.

As well as, in 2024, Shanghai Electrical lowered control and monetary bills month advancing ESG objectives, launching a carbon control platform that scale down 23,000 heaps of carbon dioxide and ten of its factories had been identified as Shanghai Ingenious Factories. The Corporate additionally expanded into pristine power car portions and business device. Its R&D bills in 2024 totalled 5.67 billion yuan, a 5.5% build up, that specialize in breakthroughs in fuel generators and grid-type breeze generators. By means of the tip of 2024, the Corporate held 6,823 legitimate patents.

For more info about Shanghai Electrics, please consult with: https://www.shanghai-electric.com/group_en/.

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