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Shanghai Electric Reports FY 2024 H1 Revenue of RMB 49.869 Billion with 22.6% YoY Net Profit Growth

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SHANGHAI, Sept. 5, 2024 /PRNewswire/ — Shanghai Electric (“the Company”) (SEHK:2727, SSE:601727) releases its financial results for the first half of 2024, reporting a revenue of RMB 49.869 billion, with the net profit attributable to shareholders hitting RMB 602 million, a 2.0% increase compared to the previous year. In H1, the Company also achieved a gross profit margin of 19.2%, while cash and cash equivalents stood at RMB 34.102 billion.

During the reporting period, Shanghai Electric has continued to advance its strategy for sustainable growth, with sales expenses reduced to RMB 1.362 billion and financial expenses down by 30.58% to RMB 202 million. The Company’s research and development (R&D) investment remained steady, with a total of RMB 2.327 billion, consistent with the same period last year.

Shanghai Electric’s strong focus on high-end equipment manufacturing has delivered positive outcomes across its key businesses. For the energy equipment, the Company generated revenue of RMB 24.654 billion, with a gross profit margin of 20.10%. The industrial equipment division reported revenue of RMB 18.959 billion, achieving a gross profit margin of 17.40%, while the integrated service business posted revenue of RMB 7.961 billion, with a gross profit margin of 16.60%. Overall, Shanghai Electric secured new orders worth RMB 83.66 billion in the first half of the year, an increase compared to the same period last year.

Continued innovation and growth driven by a diverse energy portfolio

In the thermal power segment, the Company secured new orders for coal-fired equipment totaling RMB 21.99 billion, including a project with China United Gas Turbine Technology to design an integrated manufacturing platform with the assembly of the first 300 MW gas turbine.The Company expanded its energy storage portfolio with new cutting-edge solutions, including vanadium flow batteries, compressed air systems, and molten salt storage technology for concentrated solar power. The 300 MW compressed air energy storage station in China set three world records for its single-unit power, project scale, and conversion efficiency upon its grid connection.In the hydrogen sector, Shanghai Electric has established itself as a full-spectrum solution provider, covering production, storage, refueling, and utilization. The Company’s latest Z-series alkaline electrolyzer showcases industry-leading efficiency, with a single unit capable of producing up to 3,000 Nm³/h of hydrogen.

A pioneering force empowering the global energy transition

Middle East : In Dubai, the Company is behind the world’s largest standalone Concentrated Solar Power (CSP) and Photovoltaic (PV) project, with the 950MW renewable energy project set to cut carbon emissions by 1.6 million tons annually. Europe : In France, the Wunberg 5MW PV hydrogen production project marks Shanghai Electric’s inaugural overseas venture in hydrogen equipment sales after exporting vanadium flow battery energy storage products to Spain. Southeast Asia and East Asia : Shanghai Electric Wind Power has secured orders in South Korea, Vietnam, and Indonesia, further cementing its presence in the Asian market.

For more information about Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/ .

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SOURCE Shanghai Electric

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One Country, Countless Journeys: Wego and the German National Tourist Office GCC (GNTO GCC) Inspire MENA Travellers to Discover Germany

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DUBAI, UAE, July 22, 2026 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has announced a strategic partnership with the German National Tourist Office GCC (GNTO GCC) to bring Germany’s distinctive character closer to travelers across the region, presenting a country where historic landmarks, regional traditions, creative cities, and striking natural scenery form part of the same journey.

Germany’s appeal lies in the contrasts travelers encounter from one destination to the next. A visit may begin among Berlin’s museums, contemporary neighborhoods, and architectural landmarks before continuing to Bavaria’s traditional towns and Alpine scenery. Elsewhere, Hamburg’s waterfront atmosphere, Cologne’s historic character, and Heidelberg’s picturesque setting reveal entirely different sides of the country.

The campaign which runs under the slogan ‘Germany – Simply inspiring’ will invite travelers to experience Germany through routes and journeys rather than individual attractions. Visitors can follow the Rhine past vineyards, riverside communities, and hilltop castles, travel through the wooded landscapes of the Black Forest, or explore historic towns where local traditions remain part of everyday life. Museums, design, music, architecture, and regional cuisine add further depth to each itinerary, connecting Germany’s past with its evolving cultural identity.

Speaking about the collaboration, Mamoun Hmidan, Chief Business Officer at Wego, said: “Travellers from the MENA region are increasingly looking for destinations that offer depth, variety, and the opportunity to enjoy different experiences within a single trip. Germany stands out by bringing together vibrant cities, rich cultural heritage, scenic landscapes, and distinctive regional experiences, making it an ideal destination for every type of traveller. Through our partnership with the German National Tourist Office GCC (GNTO GCC), we look forward to inspiring more travellers to discover Germany beyond its iconic landmarks and experience the diversity that makes every journey unique.”

Outdoor experiences will also play an important role in the campaign. From hiking and cycling to lake retreats, mountain escapes, and countryside journeys, Germany gives travelers the opportunity to move easily between urban exploration and nature. Its connected cities and regions allow visitors to create varied itineraries that may combine culture, relaxation, family experiences, shopping, and scenic discovery within one trip.

Yamina Sofo, Director of sales and marketing at the German National Tourist Office GCC (GNTO GCC), said: “Germany’s identity is shaped by the connection between heritage and modern life. Visitors can encounter centuries of history, vibrant cultural scenes, distinctive regional traditions, and varied natural landscapes as they travel across the country. Working with Wego gives us an opportunity to share these stories with more travelers from the GCC region and encourage them to experience Germany from different perspectives.”

The partnership will bring Germany’s regions and travel experiences to GCC audiences through editorial content, destination features, and practical trip-planning inspiration. By highlighting the country through its contrasts, local stories, and connected journeys, Wego and the German National Tourist Office GCC (GNTO GCC) aim to encourage travelers to see Germany not as a single experience, but as a destination that reveals something different at every stop.

About Wego

Wego is the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA). Combining a dynamic travel marketplace with on-platform bookings, Wego enables travelers to easily search, compare, and book flights and hotels across hundreds of airlines, hotels, and online travel agencies. Beyond its B2C marketplace, Wego also operates WegoPro, a next-generation business travel platform, and WegoBeds, a MENA-focused bedbank. The company is dual-headquartered in Singapore and Dubai with offices in Bangalore and Mumbai.

For more information, visit www.wego.com

About the GNTB

The German National Tourist Board (GNTB) works on behalf of the Federal Ministry for Economic Affairs and Energy to represent Germany as a tourist destination and is funded by the Ministry in accordance with a decision taken by the German Bundestag. As the central organisation for promoting inbound tourism to Germany, the GNTB works closely with the German travel industry and private-sector partners and trade associations to develop strategies and marketing campaigns that promote Germany’s positive image abroad as a travel destination and encourage tourists to visit the country. The aim is to unlock future commercial potential and thus add value to the German economy by attracting international visitors to Germany.

The GNTB’s primary strategic areas of action are:

Targeted market research and detailed analysis of global travel trends and market-specific customer demandSupporting the German travel industry, which is dominated by small and medium-sized businesses, by sharing expertise and connecting German providers with the international travel trade.Raising awareness of the Destination Germany brand and enhancing the brand profile with a focus on digital transformation.

The ‘Germany. Simply inspiring’ brand profile represents a high-quality and service-oriented, travel destination in the market.

From its head office in Frankfurt, the GNTB manages 22 foreign representative offices in established and in high-potential source markets.

Follow GNTO’s accounts on social media:
https://www.instagram.com/germanytourismar/
https://www.facebook.com/germanytourismar/

 

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Jonah Launches its New Blog Builder Product Designed to Amplify GEO Strategies in Multifamily.

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WESTLAKE, Texas, July 22, 2026 /PRNewswire/ — Jonah, the leading provider of premium, fully integrated websites for the multifamily industry, launches its new Blog Builder product, a comprehensive blogging environment designed to amplify GEO strategies in multifamily.

Jonah, in response to the evolving AI generative results landscape and through their observation of the success of blog content for GEO enhancements, developed its Blog Builder product.

AI-generated results often surface highly specific content that directly answers the user’s search query. Because of their unique ability to present relevant and timely content that users are searching for, blogs are an ideal format for this content and are sourced more often in these generated results.

Jonah’s Blog Builder product was created to turn their client’s custom content into a GEO strategy. It is intended to be best understood by AI search engines, simple for clients to operate, and engaging for the prospective renter.

Blog Builder by Jonah is structured with standard Schema.org blog architecture in its backend to ensure the client’s content has the best opportunities to be read, understood, and surfaced by AI search engines. This gives clients the assurance that AI can understand their specific content automatically.

The blogging environment in itself is a highly tailored solution featuring categories and unlimited tagging with dedicated subpages for each, delivering additional searchable sources from one piece of content. These features, in addition to the schema, were developed to create a deeper environment for hosting this blog content, driving more surfacing power with less effort for the client.

The pagination, publishing details, and search features give the end user an engaging experience and the client full control over their content. The Blog Builder pulls from the property website’s distinct branding, bringing cohesion to the entire environment.

Multifamily clients can create unlimited posts with tailored tags, categories, and details in this comprehensive blogging environment, turning their custom content into GEO strategy, all with the power of Jonah’s Blog Builder.

About Jonah
Jonah builds beautiful, powerful, fully integrated websites exclusively for multifamily. Our industry-leading technology is designed to make your job easier and your properties more profitable. With the best shopping experience in multifamily, Jonah helps your portfolio generate more leads and drive more leases. Learn more about our property websites.

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SOURCE Jonah®

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China Southern Power Grid Showcases AI Innovations at World AI Conference

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SHANGHAI, July 22, 2026 /PRNewswire/ — China Southern Power Grid (CSG) showcased its latest AI-powered power systems and technologies integrating electricity, carbon and computing at the 2026 World AI Conference (WAIC) and the High-Level Meeting on Global AI Governance in Shanghai.

Among the highlights was MegaWatt Yunrui, an AI-native distribution network planning agent developed by CSG. In a live demonstration, the system automatically generated a comprehensive distribution network planning report — including risk assessment and grid topology recommendations — in just 10 minutes. The solution was named one of the conference’s Top 10 Signature Exhibits, becoming the only project from a central state-owned enterprise to receive the distinction.

This year, coordination between computing infrastructure and power systems was included in China’s Government Work Report for the first time. As CSG works toward becoming a global leader in electricity, carbon and computing coordination, the company has focused on building a fully proprietary end-to-end technology stack encompassing power-sector foundation models, intelligent robots and digital infrastructure. Among the exhibits were several technologies that the company described as domestic firsts and internationally advanced.

“We have integrated three systems that traditionally operated independently — electricity, carbon and computing — to establish China’s first industry-level electricity-carbon-computing coordination platform,” the company said. Built on the digital power grid, CSG has created a technology architecture spanning computing infrastructure, power-sector foundation models, AI agents and field devices. This end-to-end ecosystem supports the digital transformation of next-generation power grids through intelligent operations and coordinated capabilities across every layer.

At the core of the platform is MegaWatt Multimodal 2.0, a foundation model purpose-built for the power sector. At the application layer, MegaWatt Yunrui serves as an AI-native distribution network planning agent developed to support national energy security and the buildout of next-generation power systems. The company also introduced a range of digital infrastructure innovations, including PowerAtomOS, a proprietary unified operating system for power-sector IoT devices. Designed to provide centralized connectivity and management for hundreds of millions of connected devices, PowerAtomOS supports critical power equipment across virtually every operational scenario within CSG’s service area.

CSG said its strategy extends beyond deploying AI applications to building the technological foundation for the next generation of intelligent power systems.

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SOURCE China Southern Power Grid

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