Shanghai Electric, a leading Chinese company, reported impressive growth in 2024 with revenue, gross margin, order volume, and cash flow all increasing simultaneously. The company attributed this success to its core strengths in clean energy technologies including nuclear power, wind power, energy storage, and hydrogen energy. As global demand for clean energy and advanced equipment manufacturing rises, Shanghai Electric's focus on integrated solutions for wind, solar, and hydrogen storage propelled its growth. President Zhu Zhaokai emphasized the company's commitment to technological innovation and contribution to the global energy transition through a dual carbon strategy. In 2024, Shanghai Electric saw significant new orders in the energy equipment sector, particularly in wind power, energy storage, and hydrogen energy. The company introduced innovative products like the Poseidon platform model in wind power, vanadium-iron liquid flow battery in energy storage, and Z-series alkaline electrolyzer in hydrogen energy. These advancements positioned Shanghai Electric as a key player in green energy solutions. Furthermore, Shanghai Electric expanded its high-end industrial manufacturing equipment offerings and aerospace business, showcasing strong technological innovation. The company also made strides in automation, integrated services, and energy engineering, expanding its global reach and enhancing service capabilities. Their commitment to sustainability was evident through the reduction of carbon footprint, recognition as Shanghai Smart Factories, and investments in new energy vehicle parts and industrial software. With a focus on continuous improvement and sustainability, Shanghai Electric invested significantly in R&D, securing multiple patents and driving breakthroughs in gas turbines and wind turbines. The company's growth in 2024 reflects its dedication to achieving both financial success and environmental goals, positioning itself as a leading player in the global energy transition.