Core Viewpoint - The wind power equipment sector experienced a decline of 1.33% on October 31, with Sany Heavy Energy leading the drop [1][2] Market Performance - The Shanghai Composite Index closed at 3954.79, down 0.81% - The Shenzhen Component Index closed at 13378.21, down 1.14% [1] Individual Stock Performance - Notable gainers in the wind power equipment sector included: - Zhenjiang Co., Ltd. (603507) with a closing price of 24.28, up 1.76% - Daqian Heavy Industry (002487) with a closing price of 50.30, up 1.64% - Electric Wind Power (688660) with a closing price of 20.63, up 1.38% [1] - Major decliners included: - Sany Heavy Energy (688349) with a closing price of 28.28, down 5.04% - Goldwind Technology (002202) with a closing price of 15.70, down 4.15% - Yunda Co., Ltd. (300772) with a closing price of 18.27, down 3.69% [2] Capital Flow Analysis - The wind power equipment sector saw a net outflow of 1.114 billion yuan from institutional investors, while retail investors contributed a net inflow of 914 million yuan [2][3] - Specific stock capital flows included: - Daqian Heavy Industry (002487) with a net inflow of 1.04 billion yuan from institutional investors - Tian Shun Wind Energy (002531) with a net inflow of 12.26 million yuan from institutional investors [3]

Core Viewpoint - Mingyang Smart Energy (601615.SZ) reported a revenue of 26.304 billion yuan for the first three quarters of 2023, reflecting a year-on-year growth of 29.98%, while net profit attributable to shareholders decreased by 5.29% to 766 million yuan [1] Financial Performance - Revenue for the first three quarters reached 26.304 billion yuan, up 29.98% year-on-year [1][3] - Net profit attributable to shareholders was 766 million yuan, down 5.29% compared to the previous year [1][3] - Net profit excluding non-recurring gains and losses was 580 million yuan, a decrease of 14.47% year-on-year [1][3] - The net cash flow from operating activities was -4.926 billion yuan [1][3] Historical Context - Mingyang Smart Energy was listed on the Shanghai Stock Exchange on January 23, 2019, with an initial offering price of 4.75 yuan per share [5] - The company has raised a total of 1.081 billion yuan through four rounds of fundraising since its listing [9]

公募基金方面，本期较上一期持股增加的公募基金共计13个，主要包括华夏蓝筹混合(LOF)A、华夏兴 和混合A、易方达品质动能三年持有混合A、易方达均衡成长股票、易方达科翔混合等，持股增加占比 达1.47%。本期较上一季度持股减少的公募基金共计11个，主要包括汇丰晋信研究精选混合、汇丰晋信 动态策略混合A、汇丰晋信核心成长混合A、汇丰晋信智造先锋股票A、博时新能源主题混合A等，持股 减少占比达1.01%。本期较上一季度新披露的公募基金共计26个，主要包括华商新能源汽车混合A、大 成景阳领先混合A、华夏行业甄选混合A、华商高端装备制造股票A、华夏瑞益混合A1等。本期较上一 季未再披露的公募基金共计354个，主要包括汇丰晋信低碳先锋股票A、南方中证500ETF、易方达创新 成长混合、汇丰晋信龙腾混合A、泓德卓远混合A等。 险资方向，本期较上一季度持股减少的险资共计1个，即中国太平洋人寿保险股份有限公司-分红-个人 分红，持股减少占比小幅下跌。 2025年10月31日，明阳智能(601615.SH)发布2025年第三季报。截至2025年10月30日，共有62个机构投 资者披露持有明阳智能A股股份，合计持股量达8.51亿 ...

Core Viewpoint - The company has released its third-quarter report for 2025, ensuring the accuracy and completeness of the financial information presented, and confirming that there are no misleading statements or significant omissions [10][12]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The report includes key financial data and indicators, although specific figures are not detailed in the provided documents [3][4]. Shareholder Information - As of September 30, 2025, the company holds 121,119,984 shares in its repurchase account, representing 5.33% of total shares [4]. Board Meeting - The company's board of directors held its 26th meeting on October 29, 2025, where the third-quarter report was approved unanimously with 11 votes in favor [9][11]. Upcoming Events - The company will hold a performance briefing on November 7, 2025, to discuss the third-quarter results and address investor questions [13][14]. - The briefing will be conducted via video and online interaction, allowing investors to submit questions in advance [15][16].

格隆汇10月30日丨明阳智能(601615.SH)发布三季报，2025年前三季度实现营业总收入263.04亿元，同比 增长29.98%；归属母公司股东净利润7.66亿元，同比下降5.29%；基本每股收益为0.34元。 ...

Core Viewpoint - Mingyang Smart Energy has demonstrated significant growth in revenue and profit in Q3 2025, driven by advancements in wind power technology and strategic market expansion [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 26.304 billion yuan, a year-on-year increase of 29.98%, and a net profit attributable to shareholders of 766 million yuan [1]. - In Q3 2025, the company reported revenue of 9.161 billion yuan, up 8.53% year-on-year, and a net profit of 156 million yuan, reflecting a growth of 5.39% [1]. Technological Advancements - The company launched the Ocean X, the world's first 50MW ultra-large floating wind turbine, which is expected to reduce costs to 1,230 euros/kW (10,000 yuan/kW), significantly lower than current European and Chinese floating wind costs [2]. - The new mid-speed compact direct-drive technology product enhances reliability, efficiency, and economic viability, aiming to facilitate large-scale commercial development of floating wind power [2]. Smart Operations - Mingyang has developed an intelligent wind farm management platform that integrates digital perception, intelligent analysis, and decision-making support, marking a significant shift towards digital and intelligent collaborative management in wind power operations [3]. - The "Mingzhi Consultant" intelligent system utilizes advanced AI models to improve operational efficiency, with a reported 90% accuracy in fault prediction and diagnosis [3]. Strategic Expansion - The company is focusing on the European high-end market, planning to invest 1.5 billion pounds (approximately 14.21 billion yuan) in a comprehensive wind turbine manufacturing base in Scotland [4]. - Mingyang has secured significant contracts in China, including over 1GW capacity with CNOOC and is actively pursuing opportunities in Belt and Road countries [4]. Shareholder Engagement - The company announced plans to cancel 10 million repurchased shares to reduce registered capital, with remaining shares allocated for employee stock ownership plans and incentive programs, reflecting confidence in its operational and developmental strategies [5]. Future Outlook - Mingyang aims to continue leading innovation in wind power technology, promoting a new era of reliability, efficiency, and sustainability in the industry, contributing to global carbon neutrality goals [6].

证券代码：601615 证券简称：明阳智能 公告编号：2025-075 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、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 10 月 31 日 （星期五） 至 11 月 06 日 （星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 myse@mywind.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 明阳智慧能源集团股份公司（以下简称"公司"）已于 2025 年 10 月 31 日 发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 07 日 （星期五） 15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以视频结合网络互动召开，公司将针对 2025 年 ...

1、审议通过《2025 年第三季度报告》 证券代码：601615 证券简称：明阳智能 公告编号：2025-074 明阳智慧能源集团股份公司 第三届董事会第二十六次会议决议公告 本公司董事会及董事会全体成员保证公告内容不存在虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 明阳智慧能源集团股份公司（以下简称"公司"）第三届董事会第二十六次 会议于 2025 年 10 月 29 日在公司总部大楼会议室以现场表决与通讯表决相结合 的方式召开。本次会议于 2025 年 10 月 24 日以书面、电话、邮件等方式通知各 位董事，与会的各位董事已知悉与所议事项相关的必要信息。本次会议应到董事 11 人，实到董事 11 人。会议由公司董事长张传卫先生主持，本次会议的召开符 合《中华人民共和国公司法》、《明阳智慧能源集团股份公司章程》和《董事会议 事规则》等有关规定，会议决议合法有效。 经公司董事会审议，通过了以下议案： 本议案经公司董事会审计委员会审议通过后提交董事会审议。 公司董事会认为公司 2025 年第三季度报告真实、准确、完整地反映了公司 2025 年第三季度的财务状况和经营成果 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥9,160,920,131.66, representing an increase of 8.53% compared to the same period last year[4] - Total profit for the quarter was ¥161,719,770.79, a decrease of 28.64% year-on-year[4] - Net profit attributable to shareholders was ¥155,829,868.51, reflecting a growth of 5.39% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥95,261,837.01, down 22.56% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥26.30 billion, a 30.0% increase from ¥20.24 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥789.32 million, compared to ¥864.36 million in 2024, indicating a decrease of 8.7%[19] - The company's operating profit for the first three quarters of 2025 was ¥866.42 million, down from ¥988.35 million in 2024, a decline of 12.3%[18] - The company reported a basic earnings per share of ¥0.34 for the first three quarters of 2025, down from ¥0.36 in 2024[19] - The company reported a total comprehensive income of ¥726.55 million for the first three quarters of 2025, down from ¥1.17 billion in 2024[29] Assets and Liabilities - The company's total assets at the end of the reporting period amounted to ¥91,328,495,344.87, an increase of 5.22% from the end of the previous year[5] - The total liabilities of the company as of the end of the reporting period were ¥63.91 billion, up from ¥59.53 billion in the previous year, reflecting a growth of 7.9%[18] - The total equity attributable to shareholders of the parent company was ¥26.39 billion, slightly up from ¥26.24 billion in 2024, an increase of 0.6%[18] - The company's total assets reached approximately RMB 91.33 billion, up from RMB 86.79 billion, which is an increase of 5.8%[14] - The total liabilities increased to ¥55.26 billion in 2025 from ¥50.63 billion in 2024, reflecting a growth of 9.4%[28] - The company's total liabilities increased to 51,048,133,736.71 CNY from 45,269,865,314.77 CNY, indicating higher leverage[25] Cash Flow - The company reported a cash flow from operating activities of -¥4,925,987,922.44 for the year-to-date[4] - The net cash flow from operating activities was -4,925,987,922.44 CNY, compared to -4,637,441,458.49 CNY in the previous period, indicating a decline in operational cash generation[22] - The net cash flow from operating activities for the first three quarters of 2025 was -¥2.76 billion, compared to -¥2.65 billion in 2024[32] - The cash inflow from investment activities totaled 5,182,481,375.99 CNY, up from 3,453,518,036.91 CNY, reflecting an increase in investment recovery[22] - The net cash flow from financing activities was 1,631,928,228.65 CNY, a decrease from 5,367,239,912.58 CNY, suggesting reduced financing inflows[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,323[10] - The top shareholder, WISER TYSON INVESTMENT CORP LIMITED, holds 157,062,475 shares, accounting for 6.91% of the total shares[11] - The company reported a total of 121,119,984 shares repurchased, accounting for 5.33% of total shares outstanding as of September 30, 2025[13] Expenses and Investments - Research and development expenses increased to ¥581.29 million in 2025 from ¥501.04 million in 2024, representing a growth of 15.9%[18] - Financial expenses increased significantly to ¥89.47 million in 2025, compared to ¥11.48 million in 2024, primarily due to increased interest expenses[28] - The cash outflow for purchasing fixed assets and other long-term assets was 2,820,958,869.00 CNY, down from 5,075,795,718.55 CNY, suggesting reduced capital expenditures[22] Inventory and Receivables - Accounts receivable rose to approximately RMB 16.31 billion, up from RMB 13.78 billion, indicating an increase of 18.3%[14] - Inventory surged to approximately RMB 18.46 billion, compared to RMB 13.54 billion, marking a significant increase of 36.5%[14] - The company's inventory increased to 7,378,214,239.49 CNY from 7,310,936,330.66 CNY, indicating a slight rise in stock levels[24]

Market Overview - The wind power equipment sector increased by 2.39% on October 29, with Jixin Technology leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Jixin Technology (601218) closed at 5.83, up 6.00% with a trading volume of 1.86 million shares and a turnover of 1.08 billion [1] - New Qianglian (300850) closed at 52.55, up 5.59% with a trading volume of 360,600 shares and a turnover of 1.86 billion [1] - Goldwind Technology (002202) closed at 15.67, up 4.68% with a trading volume of 1.57 million shares and a turnover of 2.42 billion [1] - Other notable performers include Hengrun Co. (603985) up 4.15%, Mingyang Smart Energy (601615) up 3.60%, and Riyue Co. (603218) up 3.35% [1] Capital Flow - The wind power equipment sector saw a net inflow of 209 million in main funds, while retail investors experienced a net outflow of 346 million [2][3] - New Qianglian had a main fund net inflow of 187 million, but retail investors had a net outflow of 187 million [3] - Jixin Technology experienced a main fund net inflow of 93.15 million and a retail net outflow of 137 million [3]