Dear Partners,
 
        Currently, uncertainties such as the Russia-Ukraine conflict, Middle East tensions, and international tariff battles still persist. SDG Group continues to monitor real-time changes and respond quickly to global PESTG (Political, Economic, Social, Technological, and Governance) factors. While 2025 remains a year full of challenges, it is expected to gradually recover. SDG Group (Mean Well, SHARE WELL, and POWERNEX) upholds the principle of promoting industry recovery and hopes to collaborate with our partners to achieve a shared vision, steadily embracing the rebound!
 
In 2024, Mean Well's revenue reached a relatively low since the pandemic, but we strongly believe that this low point will eventually pass, and the rebound has already begun. Total orders for 2024 showed a recovery, growing by 33.5% compared to the previous year. Mean Well will continue to promote “global power supply standardization,” ensuring that system engineers worldwide can easily select suitable models from Mean Well’s standard power product lineup. At the same time, we will expand the “Industry Value Network” by combining the products and layouts of POWERNEX and SHARE WELL, creating a second growth curve and leveraging the power of the industry value network to provide end customers with a broader, one-stop shopping service.
 
For many years, Mean Well has been committed to offering high cost-performance, high added-value, and high output-efficiency products while also investing in the development of new products in fields such as smart technology, energy savings, and green energy. New products including the 5KW Off-Grid Bi-Directional Inverter (NTN-5K), Smart Dimming LED Power Supply (XLC-MA/KN series), New Generation Narrow Profile High-Efficiency DIN Rail Power Supply (XDR/XTR Series), and New Generation Miniaturized PFC Enclosed Power Supply (NSP Series) will be launched successively, opening up new application fields. Additionally, Mean Well continuously introduces new categories of power supply peripheral products, promoting sales through Mean Well’s Virtual EXPO (Link) C1-C3 pavilions.
 
Although the current situation remains unstable, SDG Group remains committed to sustainable development and our determination to set a century-old benchmark as the leading global standard power supply manufacturer remains unchanged! Once again, we thank you for your continued cooperation and support. Let’s work together with SDG Group for a stable recovery and move forward together in 2025!!!