As the new year begins, time brings renewal. On this joyous occasion of the Spring Festival, we extend our heartfelt New Year wishes to all those who have long supported the development of Shandong Heavy Industry, our global partners, and all employees and their families!
In 2024, the new leadership team of Shandong Heavy Industry united and led all employees in unwavering dedication to our core business, upholding tradition while driving innovation. In the face of complex challenges in domestic and international markets, we remained relentless, standing at the forefront and striving for excellence. As a result, our operations continued to improve, achieving record-breaking performance in key business indicators, further enhancing our market competitiveness, brand influence, and industry leadership. Over the year, our total consolidated revenue reached RMB 550 billion, an 8.7% year-on-year increase, while total profit rose to RMB 28.1 billion, marking a 28.7% growth.
In 2025, Shandong Heavy Industry’s 160,000 employees worldwide will challenge higher goals, fully committed to market expansion, strategic optimization, innovation, reform, efficiency enhancement, and strengthening Party-building efforts. We will accelerate the transformation towards new energy, digital intelligence, and post-market strategic transformation, striving to become a world-class high-end equipment multinational group with technological leadership and sustainable green development.