Chairman Wu Lei’s 2024 Chinese New Year Greetings


To all our staff and colleagues,


    As we bid farewell to the previous Rabbit year and welcome the Loong year, I extend warm festive greetings and sincere blessings on behalf of the Group Party Committee to all our cadres and employees who stand steadfast on the front lines, leading the charge!


    The year 2023 marked a pivotal turning point in Shanghai Electric’s century-long journey. Under the guidance of the municipal government and the state-owned enterprises, the Group has maintained its strategic resolve, weathered external market pressures, and steadily improved operation quality. The Group’s economic operation has stabilized and rebounded, achieving hard-won high-quality development.


    This year, we have continued our diligent efforts in consolidating industrial development, fostering scientific and technological innovation, enhancing the economic operation level, and exploring in-depth management reforms in order to ultimately achieve successful implementation of the “14th Five-Year” strategy. This year, we have upheld our commitments, exerting every effort to ensure the smooth construction of China’s Hualong One and Shidaowan high-temperature gas-cooled reactor (HTGR) nuclear power plant, and working the best for the completion and commissioning of the Thar energy project to tribute ourselves to the 10th anniversary of the One Belt One Road (OBOR) initiative and the launch of the China-Pakistan Economic Corridor. This year, we have achieved significant milestones, including being shortlisted by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) for “creating world-class specialized and new demonstration enterprises”, and being featured in the “Forbes Top 50 China Industrial Enterprises With Sustainable Development” list, with a brand value exceeding RMB172.5 billion, reaching a new record high. These countless “highlight moments” embody the spirit of our electrical engineers: the determination to serve national strategies, the courage to embrace transformational development, and the confidence to shoulder responsibilities.


    In 2024, the 75th anniversary of the founding of New China and a crucial year for implementing the “Four-Five” strategy, we must integrate the study and implementation of General Secretary Xi Jinping’s important remarks during his inspection in Shanghai with the advancement of further state-owned enterprise reforms. Our focus will be on consolidating the political foundation for strengthened party building, serving national strategies for enhanced technological innovation, upgrading industries in the high-end equipment sector, improving efficiency and effectiveness for optimized resource allocation, strengthening talent cultivation for strategic demands, and preventing risk for fortified safety-related fundamentals. We will spare no effort in propelling the Group to become a world-class equipment enterprise, reaching new heights with high-quality development.


    As we embark on this journey amidst strong headwinds, it is our responsibility to continue working diligently. Let us, as electrical creators, jointly set our goals and continuously promote Shanghai Electric’s iconic signboard as “national key equipment”. Through practical actions and achievements in high-quality development, let’s make new and substantial contributions to the comprehensive advancement of China’s modernization and the great rejuvenation of the nation!



Wish you all a joyous new year and good health!

Best wishes to all of your families!


                                                                                                                                                    Lei Wu

Secretary of the Party Committee and Chairman of the Board of Electric Group