证券代码：688349 证券简称：三一重能 公告编号：2026-005 三一重能股份有限公司 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以三一重能股份 有限公司（以下简称"公司"）2025年年度的定期报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：万元 ■ 注：1. 本报告期初数同法定披露的上年年末数。 2. 以上财务数据和指标以合并报表数据填制，最终结果以公司2025年年度报告为准。数据计算如有尾 差，系数据四舍五入所致。 二、经营业绩和财务状况情况说明 2025年，中国风电装机容量保持快速增长，市场竞争依然激烈。公司坚持高质量发展与稳健经营，国内 风机销售容量快速增长、市占率持续提升，海外市场销售规模与新增订单均大幅增长，海上风机订单与 销售实现突破；成本费用控制有效，主机产品实现较好的降本目标、期间费用率显著下降；资产质量与 销售回款情况良好。受2024年国内陆上风机中标价格整 ...

（文章来源：证券日报） 证券日报网讯 2月27日，三一重能发布公告称，公司2025年实现营业收入2736594.00万元，同比增长 53.81%；实现归属于母公司所有者的净利润73485.50万元，同比下降59.44%。 ...

格隆汇2月27日丨三一重能(688349.SH)公布2025年度业绩快报，报告期内，公司实现营业收入273.66亿 元，同比增长53.81%；实现归属于母公司所有者的净利润7.35亿元，同比下降59.44%；实现归属于母公 司所有者的扣除非经常性损益的净利润4.72亿元，同比下降70.38%。报告期末，公司总资产455.44亿 元，较报告期期初增长10.00%；归属于母公司的所有者权益138.63亿元，较报告期期初增长1.02%；归 属于母公司所有者的每股净资产11.30元，较报告期期初增长0.98%。 ...

关于影响经营业绩的主要因素，三一重能在业绩快报中指出，报告期内，公司国内整体装机规模快速增 长，海外销售高速增长，公司营业收入同比实现大幅增长。 公告还提到，报告期内，公司营业利润、利润总额、归属于母公司所有者的净利润、归属于母公司所有 者的扣除非经常性损益的净利润、基本每股收益较上年度下降，主要原因在于：2024 年，国内陆上风 机市场竞争加剧，风机中标价格整体下降并探底；随着 2024 年中标的订单于 2025 年集中交付并实现销 售，叠加大型铸件、叶片树脂、塔筒钢材等零部件市场价格上涨，公司风机毛利率和利润水平下降； 2025 年，新能源上网电价市场化改革推进，风电增量项目上网电价下降，公司电站产品销售的利润水 平下降。 2月27日，三一重能发布2025年度业绩快报，报告期内，公司实现营业收入273.66亿元，同比增长 53.81%；实现归属于母公司所有者的净利润7.35亿元，同比下降59.44%；实现归属于母公司所有者的扣 除非经常性损益的净利润4.72亿元，同比下降70.38%。 （企业公告） ...

关于影响经营业绩的主要因素，三一重能在业绩快报中指出，报告期内，公司国内整体装机规模快速增 长，海外销售高速增长，公司营业收入同比实现大幅增长。 2月27日，三一重能发布2025年业绩快报，报告期内，公司实现营业收入273.66亿元，同比增长 53.81%；实现归属于母公司所有者的净利润7.35亿元，同比下降59.44%；实现归属于母公司所有者的扣 除非经常性损益的净利润4.72亿元，同比下降70.38%。 公告还提到，报告期内，公司营业利润、利润总额、归属于母公司所有者的净利润、归属于母公司所有 者的扣除非经常性损益的净利润、基本每股收益较上年度下降，主要原因在于：2024 年，国内陆上风 机市场竞争加剧，风机中标价格整体下降并探底；随着 2024 年中标的订单于 2025 年集中交付并实现销 售，叠加大型铸件、叶片树脂、塔筒钢材等零部件市场价格上涨，公司风机毛利率和利润水平下降； 2025 年，新能源上网电价市场化改革推进，风电增量项目上网电价下降，公司电站产品销售的利润水 平下降。 （企业公告） ...

证券代码：688349 证券简称：三一重能 公告编号：2026-005 三一重能股份有限公司 2025 年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审 计，具体数据以三一重能股份有限公司（以下简称"公司"）2025年年度的定期 报告为准，提请投资者注意投资风险。 | 项目 | 本报告期 | 上年同期 | 增减变动幅度 （％） | | --- | --- | --- | --- | | 营业总收入 | 2,736,594.00 | 1,779,166.00 | 53.81 | | 营业利润 | 85,372.20 | 215,131.20 | -60.32 | | 利润总额 | 83,723.90 | 214,998.90 | -61.06 | | 归属于母公司所有者 的净利润 | 73,485.50 | 181,198.30 | -59.44 | | 归属于母公司所有者 的扣除非经常性损益 的净利润 | 47,231.20 | 159, ...

南财智讯2月27日电，三一重能发布2025年度业绩快报，报告期内公司实现营业收入273.66亿元，同比 增长53.81%；归属于上市公司股东的净利润7.35亿元，同比减少59.44%；基本每股收益0.61元，同比减 少59.78%。 ...

三一重能 20260226 摘要 公司 2026 年整体降本目标为 3%~5%，虽供应链端贡献为正，但难度 高于 2025 年。主轴、大铸件、叶片材料等品类降价难，部分甚至涨价， 但整体供应链成本预计仍正向改善。 2026 年风机毛利率确定性回升，下半年优于上半年。订单结构是关键， 2024 年低毛利订单占比影响前期修复，若经营良好，毛利率有望达两 位数（70%-80%概率）。 2025 年订单价格修复幅度为 5%~10%，但因风机配置差异，不具绝对 可比性。能否充分兑现取决于企业生产交付能力。2024 年低价订单占 比在 20%-30%之间。 预计 2026 年行业招标量约 130GW。历史上当年订单在当年交付中占 比最高可达 20%，2026 年当年订单占比需进一步观察。 2026 年海外交付延续下半年优于上半年趋势，全年收入目标 30 亿~40 亿元，得益于近 100 亿~130 亿元在手订单支撑。海外业务毛利率较高， 对整体盈利有拉动作用。 Q&A 2026 年供应链谈价进度如何，整机端全年降本目标与实现路径是什么，供应 链端对降本的贡献是否仍为正向？ 供应链谈价整体已基本完成，后续仍会存在一定的动态 ...

Core Viewpoint - The domestic wind power market in China continues to thrive in 2025, with significant growth in installed capacity and a clear differentiation between onshore and offshore wind development [3][4]. Group 1: Installed Capacity Growth - In 2025, China added 18,272 wind turbines, resulting in a new installed capacity of 130 million kilowatts, marking a historical high with a year-on-year growth of 49.9%, significantly surpassing the 9.6% growth in 2024 [3]. - Onshore wind power remains the dominant force, contributing 125 million kilowatts, which accounts for 95.8% of the total new installations, an increase of 2.3 percentage points from 2024 [3]. - Offshore wind power saw a decline in new installations, with a capacity of 5.56 million kilowatts, down 2.3% year-on-year, representing only 4.2% of the total new capacity [3]. Group 2: Technological Advancements - The average capacity of newly installed wind turbines in 2025 reached 7,160 kilowatts, reflecting an 18.3% increase year-on-year, driven by cost control and efficiency improvements post-grid parity [4]. - Onshore wind turbines had an average capacity of 7,069 kilowatts, up 20.1%, while offshore turbines saw a slight increase to 10,054 kilowatts, entering the mature stage of 10 MW+ models [5]. Group 3: Market Concentration - The number of wind turbine manufacturers with new installations decreased from 13 to 10, with the top seven companies accounting for 91.8% of the market share, indicating a strengthening of oligopoly effects in the industry [5]. - Goldwind Technology led the market with 25.9 million kilowatts, representing 19.8% of the total, followed by other major players like Envision Energy and Mingyang Smart Energy, forming a stable first tier with a combined share of 73.4% [5]. Group 4: Export Growth - In 2025, China exported 1,175 wind turbines with a total capacity of 7.734 million kilowatts, achieving a year-on-year growth of 48.9%, setting a new historical record [6]. - By the end of 2025, the cumulative export capacity reached 28.522 million kilowatts, with significant markets in developing countries such as Vietnam and Saudi Arabia [6]. - The export market is also dominated by leading companies, with Goldwind Technology accounting for 386.2 million kilowatts, representing nearly half of the total exports [6]. Group 5: Global Market Opportunities - The global wind power market is expected to see profound changes, with a forecast of 1.06 billion kilowatts of new installations by 2030, while many regions lack the local industry capabilities to meet this demand [7]. - Chinese wind power manufacturers are becoming key suppliers in emerging markets due to their competitive advantages in cost, delivery speed, and engineering capabilities [7]. - The strategy of Chinese wind power companies is shifting from mere product exports to establishing localized production and service bases in over 20 countries, including India and Germany [7][8].

Group 1 - The core viewpoint of the articles highlights the significant growth and transformation of China's wind power industry, particularly in its overseas expansion and local production capabilities [1][5] - In 2025, China's domestic wind power market is expected to maintain high prosperity, with a record installation of 1.3 million kilowatts, a year-on-year increase of 49.9%, significantly surpassing the 9.6% growth rate of 2024 [1] - The onshore wind power sector remains the dominant force in domestic growth, accounting for 95.8% of new installations, while offshore wind power faces challenges, with a 2.3% decline in new capacity [1] Group 2 - The trend towards larger wind turbine capacities is evident, with an average new installation capacity of 7160 kilowatts in 2025, reflecting an 18.3% year-on-year increase [2] - The concentration of the wind turbine manufacturing industry is increasing, with the number of companies with new installations decreasing from 13 to 10, and the top seven companies capturing 91.8% of the market share [2] - Leading companies such as Goldwind Technology, with 2590 megawatts and a 19.8% market share, dominate the sector, while smaller brands are rapidly exiting the market [2] Group 3 - The overseas market is becoming a crucial growth area for Chinese wind power companies, with a record export of 773.4 megawatts in 2025, a 48.9% increase year-on-year [3] - The export market is also led by major companies, with Goldwind Technology accounting for nearly 54% of offshore wind turbine exports [3] - The global wind energy market is undergoing significant structural changes, presenting opportunities for Chinese companies to leverage their competitive advantages in cost, delivery speed, and engineering capabilities [4] Group 4 - Chinese wind power companies are shifting from simple product exports to localized production and service layouts in over 20 countries, including India and Germany [5] - The industry is moving towards a "deep cultivation" phase, focusing on integrating global resources and adapting to local environments amid geopolitical uncertainties [5]