Shanghai Electric reported impressive financial results for the first half of 2024, with revenue of RMB 49.869 billion and a net profit of RMB 602 million. The company's gross profit margin stood at 19.2 percent, driven by a reduction in sales expenses and stable R&D investments. Shanghai Electric's focus on high-end equipment manufacturing led to significant revenue in its energy equipment, industrial equipment, and integrated service divisions. Additionally, the company secured new orders worth RMB 83.66 billion. Moreover, Shanghai Electric continued to innovate in the energy storage and hydrogen sectors, introducing advanced technologies like vanadium flow batteries and the Z-series alkaline electrolyzer for hydrogen production. The company's energy storage solutions set world records, emphasizing its commitment to sustainable and efficient energy solutions. Furthermore, Shanghai Electric is actively involved in global expansion efforts, particularly in renewable energy projects. Notably, the company leads a major solar power project in Dubai, contributes to hydrogen equipment sales in Europe, and expands its wind power presence in Asia. These initiatives support the global energy transition and reinforce Shanghai Electric's position as a key player in the clean energy industry.