Shanghai Electric Reports Continued Growth in 2024 as Its Clean Energy and High-End Equipment Push Expands

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[{"type":"text","content":"With Revenue, Gross Margin, Order Volume, and Cash Flow All Achieving Simultaneous Growth in 2024","length":97,"tagName":"p"},{"type":"text","content":"SHANGHAI, April 16, 2025 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) reported revenue of RMB 116.19 billion. The Company cited its core strengths in nuclear power, wind power, energy storage, and hydrogen energy as key drivers, amid rising global demand for clean energy and high-end equipment manufacturing. As of December 31, 2024, total assets stood at 302.51 billion yuan.","length":395,"tagName":"p"},{"type":"text","content":""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," said Zhu Zhaokai, President of Shanghai Electric. "We believe that through technological innovation and a global presence, Shanghai Electric can contribute more Chinese wisdom to the global energy transition."","length":418,"tagName":"p"},{"type":"text","content":"The energy equipment sector continued to see strong results, with new orders of 89.1 billion yuan in 2024, an 18.45% year-on-year increase","length":138,"tagName":"p"},{"type":"text","content":"Shanghai Electric unveiled key innovations across emerging sectors, driving growth in wind power, energy storage, hydrogen energy, and green fuels.","length":147,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"In wind power, the Company launched its self-developed 18MW-25MW Poseidon platform model, along with Asia's first operation and maintenance mother ship for deep-sea projects. The model features distributed energy storage, grid-friendly wind turbine tech, and adaptability for offshore scenarios like island microgrids, offshore hydrogen production, flexible DC transmission, and floating turbines.","length":401,"tagName":"p"}]},{"val":[{"type":"text","content":"In energy storage, Shanghai Electric introduced a 250kW-class vanadium-iron liquid flow battery, reducing electrolyte costs while maintaining energy density. New inverter systems, including a 2x2.6MW model and a 215kW string inverter, improve power system flexibility. In hydrogen energy, the Company's Z-series alkaline electrolyzer, TÜV-certified, meets international performance standards, ...

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