JIN LEI(300443)2024-08-30 09:43Group 1: Company Performance - In the first half of 2024, the company achieved a sales revenue of 713 million CNY and a net profit attributable to shareholders of 74.03 million CNY [3] - In Q2 2024, the company reported a sales revenue of 458 million CNY, representing a 79% increase compared to Q1 [3] - The net profit for Q2 2024 was 44.79 million CNY, showing a 53% quarter-on-quarter growth [3] Group 2: Product Performance - In Q2, the company shipped over 1,200 forged main shafts, with a quarter-on-quarter growth of 86% [3] - Sales revenue from casting products in Q2 increased by over 400% compared to the previous quarter, with a total output of 40.12% in the first half of the year [3] - The company generated 163 million CNY in sales from precision shaft products, marking a year-on-year growth [3] Group 3: Market Outlook - The wind power industry is expected to see a significant increase in shipments in the second half of 2024, as Q3 is typically a peak season [3] - In the first half of 2024, the domestic wind power installed capacity reached 25.8 GW, a year-on-year increase of 12.4% [4] - The industry saw a total of 66.1 GW in new tenders, up 48% year-on-year, with onshore tenders accounting for 60.7 GW and offshore tenders for 5.4 GW [4] Group 4: Future Projections - According to GWEC, the global wind power installed capacity is projected to increase by 791 GW over the next five years, with an average annual addition of 158 GW, achieving a compound growth rate of 9.4% [4] - Onshore wind power is expected to grow by 653 GW, while offshore wind power will increase by 138 GW, indicating substantial future growth potential in the wind energy sector [4]