Windey(300772)2024-11-29 09:56Group 1: Order and Revenue Overview - As of September 2024, the total cumulative orders for wind turbines reached 35,848.83 MW, with new orders of 18,717.69 MW added during the same period [1] - The breakdown of orders includes: 1,970.20 MW for 2MW-4MW turbines, 11,458.52 MW for 4MW-6MW turbines, 13,904.06 MW for 6MW-8MW turbines, and 8,516.05 MW for turbines above 8MW [1] Group 2: Pricing and Profitability - The pricing of wind turbines is influenced by various factors, including product type and market conditions, with expectations for stable bidding prices due to increased focus on quality and reliability [2] - The company is committed to enhancing profitability and market competitiveness through high-quality products and cost-reduction measures [2] Group 3: International Business Development - The global wind power installed capacity is projected to grow rapidly, with the company securing overseas orders in regions such as Southeast Asia, Eastern Europe, Central Asia, and South America [2] - In 2024, the company achieved a breakthrough in the Middle East market by obtaining wind power project orders and is collaborating with large foreign energy groups to expand its global strategy [2] Group 4: Offshore Wind Power Initiatives - The company has successfully acquired offshore wind power projects in Zhejiang and Liaoning, with the delivery of a price-competitive offshore wind project completed in 2023 [2] - It is developing core competencies in offshore wind power, focusing on a strategy that emphasizes a strong presence in Zhejiang while expanding nationwide [2] Group 5: Aging Wind Turbine Policies - The market for replacing old wind turbines with larger models is expected to grow, providing significant profit opportunities as early-installed turbines exceed their design lifespan [2] - The company plans to leverage its technological advantages and service quality to increase its market share in this segment [2]