On April 2, Shanghai Electric held its 2025 annual results briefing in Hong Kong. Wu Lei, Party Secretary and Chairman of the Group, attended the event. The briefing attracted a large number of institutional investors and analysts, who engaged in in-depth discussions with the Group’s management team.

In 2025, all business segments of Shanghai Electric advanced in coordination, delivering strong highlights. With key breakthroughs in emerging sectors such as green methanol, green hydrogen, energy storage, and superconducting power, and accelerated commercialization of proprietary innovations in humanoid robots, industrial machine tools, and precision bearings, the company further strengthened its capabilities in core technologies and self-reliance.

At the meeting, Wu Lei comprehensively reviewed the company’s 2025 performance. He noted that over the past year, Shanghai Electric actively served national strategies, maintained strategic focus, and drove steady growth. Key operating indicators performed well, overall business quality improved significantly, and newly secured orders reached a historic high, building strategic momentum for stable development and enabling a high-quality conclusion to the “14th Five-Year Plan.” Looking ahead to 2026, the company will focus on cultivating new quality productive forces and enhancing core competitiveness. It will take technological innovation as the primary driver, digital transformation as the main direction, and green development as its defining feature. By strengthening industrial chain collaboration and leveraging industrial capital, it aims to upgrade traditional industries toward higher-end development, scale up strategic emerging industries, and proactively position itself for future industries—laying a solid foundation for high-quality development in the “15th Five-Year Plan.”

During the Q&A session, management addressed key investor concerns including robotics strategy, aerospace equipment development, nuclear power equipment exports, the outlook for coal power tendering, and gas turbine exports. The company reaffirmed its positioning of “focusing on national strategy and deepening core businesses,” continuing to consolidate its leadership in energy equipment, improve operational efficiency in industrial equipment, and expand integrated services in global markets. In traditional energy, the company will enhance system flexibility and low-carbon upgrades, while accelerating the engineering deployment of nuclear energy and nuclear fusion. In high-end manufacturing, it will scale up sectors such as robotics, aerospace, and industrial machine tools, while achieving breakthroughs in key core technologies. At the same time, it will deepen its presence in overseas markets, strengthening global influence in seawater desalination, power transmission and distribution, and energy equipment.