JIN LEI(300443)2022-11-21 16:14Group 1: Company Overview - The company is Jinlei Technology Co., Ltd., with stock code 300443 [1] - The company specializes in wind power components, particularly in the manufacturing of wind turbine main shafts [2] Group 2: Industry Outlook - The domestic wind power industry is expected to grow significantly due to national goals of "30% carbon peak and 60% carbon neutrality" [3] - The return of the U.S. to the Paris Agreement is anticipated to positively impact the wind energy sector, providing new growth opportunities [3] Group 3: Production Capacity and Orders - The company has a forging capacity of approximately 150,000 to 160,000 tons, with plans to reach 180,000 to 190,000 tons by 2022 [4][5] - The company is currently negotiating orders for 2022 with foreign clients, with satisfactory communication outcomes [4] Group 4: Cost Management - The company has invested in an 8,000-unit MW-level wind turbine main shaft casting and forging project to mitigate raw material price fluctuations [4] - The proportion of direct materials in production costs has decreased from about 70% to below 50% after achieving self-supply of raw materials [4] Group 5: Future Development Plans - The company aims to expand production capacity and enhance competitiveness in the wind power sector, particularly in large megawatt wind turbine main shafts [5] - Plans include exploring new markets and products in the wind power industry and developing other precision shaft products [5]