Shanghai Electric, a leading company in the energy equipment and industrial manufacturing sectors, reported remarkable growth in various aspects in 2024. With revenue, gross margin, order volume, and cash flow all increasing, the company's solid performance was attributed to its core strengths in clean energy sectors such as nuclear power, wind power, energy storage, and hydrogen energy. President Zhu Zhaokai emphasized Shanghai Electric's dedication to dual carbon goals and integrated solutions for renewable energy sources. The company's expansion into wind power was marked by the introduction of the Poseidon platform model and innovative technologies for offshore scenarios. In energy storage, Shanghai Electric launched a vanadium-iron liquid flow battery and advanced inverter systems. Their developments in hydrogen energy included alkaline and PEM electrolyzers, along with green methanol production. Industrial innovations in aerospace, automation, and high-end manufacturing equipment contributed to Shanghai Electric's growth, with a focus on technological advancements and market demand. The company's shift towards global markets and enhanced industrial services showcased their commitment to sustainable development and customer satisfaction. Moreover, Shanghai Electric's efforts in reducing carbon emissions, achieving ESG goals, and investing in R&D underscored their proactive approach towards environmental responsibility and innovation. With a significant number of valid patents and strategic acquisitions, the company positioned itself as a leader in the energy transition and industrial evolution, aligning with global trends. Overall, Shanghai Electric's success story in 2024 reflects a positive outlook on their contributions to clean energy, industrial innovation, and global sustainability, setting a solid foundation for future growth and impact.