Shanghai Electric Reports Continued Growth in 2024 as Its Clean Energy and High-End Equipment Push Expands
Shanghai Electric (SIELY) reported strong financial performance in 2024, with revenue reaching RMB 116.19 billion and total assets of 302.51 billion yuan. The company's energy equipment sector saw new orders of 89.1 billion yuan, an 18.45% year-over-year increase.
Key technological achievements include the launch of their 18MW-25MW Poseidon wind turbine platform, a 250kW-class vanadium-iron flow battery, and advancement in hydrogen energy with their TÜV-certified Z-series alkaline electrolyzer. The high-end industrial manufacturing segment secured new orders of 42.293 billion yuan, while integrated services grew 13.02% to 22.214 billion yuan.
R&D expenses increased 5.5% to 5.67 billion yuan, resulting in 6,823 valid patents. The company's ESG initiatives included launching a carbon management platform that reduced CO2 emissions by 23,000 tons, with ten facilities designated as Shanghai Smart Factories.
Shanghai Electric (SIELY) ha riportato una solida performance finanziaria nel 2024, con ricavi pari a 116,19 miliardi di RMB e un totale di attività di 302,51 miliardi di yuan. Il settore delle attrezzature energetiche ha registrato nuovi ordini per 89,1 miliardi di yuan, con un incremento annuo del 18,45%.
Tra i principali risultati tecnologici si segnalano il lancio della piattaforma di turbine eoliche Poseidon da 18MW-25MW, una batteria a flusso vanadio-ferro da 250kW e i progressi nell'energia a idrogeno con l'elettrolizzatore alcalino della serie Z certificato TÜV. Il segmento della produzione industriale di alta gamma ha ottenuto nuovi ordini per 42,293 miliardi di yuan, mentre i servizi integrati sono cresciuti del 13,02%, raggiungendo 22,214 miliardi di yuan.
Le spese in R&S sono aumentate del 5,5% arrivando a 5,67 miliardi di yuan, con un totale di 6.823 brevetti validi. Le iniziative ESG dell'azienda hanno incluso il lancio di una piattaforma per la gestione del carbonio che ha ridotto le emissioni di CO2 di 23.000 tonnellate, con dieci stabilimenti designati come Fabbriche Intelligenti di Shanghai.
Shanghai Electric (SIELY) reportó un sólido desempeño financiero en 2024, con ingresos que alcanzaron los 116,19 mil millones de RMB y activos totales de 302,51 mil millones de yuanes. El sector de equipos energéticos de la empresa registró nuevos pedidos por 89,1 mil millones de yuanes, un aumento interanual del 18,45%.
Los principales logros tecnológicos incluyen el lanzamiento de su plataforma de turbinas eólicas Poseidon de 18MW-25MW, una batería de flujo de vanadio-hierro de clase 250kW y avances en energía de hidrógeno con su electrolizador alcalino de la serie Z certificado por TÜV. El segmento de fabricación industrial de alta gama aseguró nuevos pedidos por 42,293 mil millones de yuanes, mientras que los servicios integrados crecieron un 13,02%, alcanzando 22,214 mil millones de yuanes.
Los gastos en I+D aumentaron un 5,5%, llegando a 5,67 mil millones de yuanes, con un total de 6.823 patentes válidas. Las iniciativas ESG de la empresa incluyeron el lanzamiento de una plataforma de gestión de carbono que redujo las emisiones de CO2 en 23.000 toneladas, con diez instalaciones designadas como Fábricas Inteligentes de Shanghái.
상하이 일렉트릭(SIELY)은 2024년에 강력한 재무 성과를 보고했으며, 매출은 1161.9억 RMB, 총 자산은 3025.1억 위안에 달했습니다. 회사의 에너지 장비 부문은 신규 주문이 891억 위안으로 전년 대비 18.45% 증가했습니다.
주요 기술 성과로는 18MW-25MW 포세이돈 풍력 터빈 플랫폼 출시, 250kW급 바나듐-철 흐름 배터리, TÜV 인증을 받은 Z시리즈 알칼리 전해조를 통한 수소 에너지 발전이 있습니다. 고급 산업 제조 부문은 422.93억 위안의 신규 주문을 확보했고, 통합 서비스는 13.02% 증가하여 222.14억 위안에 달했습니다.
연구개발 비용은 5.5% 증가하여 56.7억 위안에 이르렀으며, 유효 특허는 총 6,823건입니다. 회사의 ESG 이니셔티브에는 CO2 배출량을 23,000톤 줄인 탄소 관리 플랫폼 출시와 상하이 스마트 팩토리로 지정된 10개 시설이 포함됩니다.
Shanghai Electric (SIELY) a enregistré une solide performance financière en 2024, avec un chiffre d'affaires atteignant 116,19 milliards de RMB et un total d'actifs de 302,51 milliards de yuans. Le secteur des équipements énergétiques de l'entreprise a vu de nouvelles commandes s'élever à 89,1 milliards de yuans, soit une augmentation annuelle de 18,45 %.
Parmi les réalisations technologiques clés figurent le lancement de leur plateforme d’éoliennes Poseidon de 18MW-25MW, une batterie à flux vanadium-fer de classe 250kW, et des avancées dans l’énergie hydrogène avec leur électrolyseur alcalin de la série Z certifié TÜV. Le segment de la fabrication industrielle haut de gamme a obtenu de nouvelles commandes pour 42,293 milliards de yuans, tandis que les services intégrés ont crû de 13,02 % pour atteindre 22,214 milliards de yuans.
Les dépenses en R&D ont augmenté de 5,5 % pour atteindre 5,67 milliards de yuans, aboutissant à 6 823 brevets valides. Les initiatives ESG de l'entreprise ont inclus le lancement d'une plateforme de gestion du carbone qui a réduit les émissions de CO2 de 23 000 tonnes, avec dix sites désignés comme usines intelligentes de Shanghai.
Shanghai Electric (SIELY) verzeichnete im Jahr 2024 eine starke finanzielle Leistung mit einem Umsatz von 116,19 Milliarden RMB und Gesamtvermögen von 302,51 Milliarden Yuan. Der Energiesektor des Unternehmens erzielte neue Aufträge im Wert von 89,1 Milliarden Yuan, was einer Steigerung von 18,45 % gegenüber dem Vorjahr entspricht.
Zu den wichtigsten technologischen Errungenschaften zählen die Einführung der 18MW-25MW Poseidon-Windturbinenplattform, eine 250kW-Klasse Vanadium-Eisen-Flow-Batterie sowie Fortschritte im Bereich Wasserstoffenergie mit dem TÜV-zertifizierten Z-Serie alkalischen Elektrolyseur. Der Bereich der hochwertigen industriellen Fertigung sicherte sich neue Aufträge in Höhe von 42,293 Milliarden Yuan, während die integrierten Dienstleistungen um 13,02 % auf 22,214 Milliarden Yuan wuchsen.
Die F&E-Ausgaben stiegen um 5,5 % auf 5,67 Milliarden Yuan, was zu insgesamt 6.823 gültigen Patenten führte. Die ESG-Initiativen des Unternehmens umfassten die Einführung einer Kohlenstoffmanagementplattform, die die CO2-Emissionen um 23.000 Tonnen reduzierte, sowie zehn als Shanghai Smart Factories ausgewiesene Anlagen.
- Revenue growth with RMB 116.19 billion reported
- Energy equipment orders increased 18.45% YoY to 89.1 billion yuan
- Industrial manufacturing orders reached 42.293 billion yuan
- Integrated services grew 13.02% YoY to 22.214 billion yuan
- R&D investment increased 5.5% to 5.67 billion yuan
- Patent portfolio expanded to 6,823 valid patents
- Successful launch of 18MW-25MW Poseidon wind turbine platform
- Increased R&D expenses affecting operational costs
- Heavy investment requirements in emerging technologies
With Revenue, Gross Margin, Order Volume, and Cash Flow All Achieving Simultaneous Growth in 2024
"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."
The energy equipment sector continued to see strong results, with new orders of
Shanghai Electric unveiled key innovations across emerging sectors, driving growth in wind power, energy storage, hydrogen energy, and green fuels.
- 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. - 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, improving efficiency and reducing costs. It also tested its 300Nm³/h PEM electrolyzer, boosting efficiency and stability. Shanghai Electric became
China's first green methanol producer to earn full-process ISCC EU certification, converting agricultural biomass into methanol using advanced gasification and wind-to-hydrogen technologies.
High-end industrial manufacturing equipment made a breakthrough in 2024, with new orders of
- Shanghai Electric has accelerated technological innovation, driving the sustainable development of its aerospace business. In 2024, global industrial parts saw steady growth, spurred by innovation and market demand. Domestic substitution of core parts such as aerospace blades, bearings, and precision gears has rapidly progressed. As a global leader in aviation equipment, the Company's technology supports aircraft engine assembly, fuselage riveting, and composite component production.
- In automation, Shanghai Electric offers solutions with large-scale precision grinders and CNC machine tools, covering over 200 varieties and 600 specifications. Shanghai Electric's products are used in major civil airliner production lines. Additionally, the
100% acquisition of Ningsheng Industrial advances its robot industry and digital factory capabilities. - The integrated services grew steadily, with new orders of
22.214 billion yuan in 2024, a year-on-year increase of13.02% . In energy engineering services, Shanghai Electric expanded beyond thermal power into new energy and distributed energy markets. The Company has shifted from regional to global markets, enhancing international outlets and accelerating technical developments to meet strong demand. Shanghai Electric has also built industrial service capabilities, including supply chain collaboration, customized solutions, and full life-cycle management, promoting deeper integration of manufacturing and services.
In addition, in 2024, Shanghai Electric reduced management and financial expenses while advancing ESG goals, launching a carbon management platform that cut 23,000 tons of carbon dioxide and ten of its factories were recognized as Shanghai Smart Factories. The Company also expanded into new energy vehicle parts and industrial software. Its R&D expenses in 2024 totalled
For more information about Shanghai Electrics, please visit: https://www.shanghai-electric.com/group_en/.
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