Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][3] Core Views - The company is expanding its production capacity to solidify its growth prospects, particularly in the wind power gearbox sector, aligning with the industry's trend towards larger and offshore wind power systems [3][4] - The company has a robust order backlog, with nearly 2,000 units valued at 3.037 billion yuan as of the end of 2024, representing a year-on-year increase of 100% [4][5] - The company is expected to achieve significant revenue growth, with profit forecasts for 2025-2027 at 827 million, 1.066 billion, and 1.328 billion yuan, reflecting year-on-year growth rates of 55.0%, 28.9%, and 24.5% respectively [3][6] Summary by Sections Company Overview - The company signed an investment cooperation agreement for a 10 MW wind power gearbox project, with a total investment of 5 billion yuan, aimed at meeting the demand for high-power wind turbines [3][6] - The company is actively expanding its production capacity to meet the increasing demand from downstream customers, with projects including an annual production of 1,000 units of 8 MW and 800 units of offshore wind gearboxes [6][7] Order Backlog - The company has secured framework agreements with major clients such as Goldwind Technology and Electric Wind Power, ensuring stable sales of its products [4][5] - As of May 2025, the company’s order backlog exceeded 2,800 units, setting a new record [4] Financial Projections - The company’s projected earnings for 2025-2027 are 827 million, 1.066 billion, and 1.328 billion yuan, with corresponding price-to-earnings ratios of 34.8, 27.0, and 21.7 times [3][6] - The company is expected to maintain a strong revenue growth trajectory, with a forecasted revenue of 5.489 billion yuan in 2025, up from 4.442 billion yuan in 2023 [10]

智通财经APP讯，德力佳(603092.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净利 润8.16亿元左右，与上年同期(法定披露数据)相比，将增加2.82亿元左右，同比增加52.80%左右。 ...

Core Viewpoint - The company expects a significant increase in net profit for 2025, driven by the expanding global wind power industry and optimized customer structure [1] Group 1: Financial Performance - The company forecasts a net profit of approximately 816 million yuan for 2025, representing an increase of about 282 million yuan compared to the previous year, which is a year-on-year growth of approximately 52.8% [1] Group 2: Industry Dynamics - The overall industry remains at a high level of prosperity since 2025, benefiting from steady demand growth in the global wind power sector [1] - The company has deepened cooperation with core customers, leading to a steady increase in orders [1] Group 3: Customer Structure - The company has successfully activated the potential of customer collaborations, transitioning from small supply to stable bulk deliveries [1] - The diversification and upgrading of the customer structure have directly driven the substantial growth in performance [1]

Core Viewpoint - Delijia (603092.SH) expects to achieve a net profit attributable to shareholders of approximately 816 million yuan in 2025, representing a year-on-year increase of about 52.80% [1] - The company anticipates a net profit of around 788 million yuan after deducting non-recurring gains and losses, reflecting a year-on-year growth of approximately 47.43% [1] Group 1: Company Performance - The significant growth in the company's performance for 2025 is primarily driven by the steady expansion of global wind power industry demand and the optimization of the customer structure leading to increased orders [1] - The overall industry sentiment has remained at a high level since 2025, allowing the company to deepen cooperation with core customers, resulting in steady order growth [1] - The company has successfully activated the potential for collaboration with new customers, transitioning from small supply to stable bulk deliveries, which has directly contributed to the substantial increase in performance [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders of approximately ¥815.60 million for 2025, an increase of ¥281.82 million or 52.80% compared to the previous year [3]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately ¥788.42 million, an increase of ¥253.66 million or 47.43% year-on-year [5]. - The total profit for the previous year was ¥622.68 million, with a net profit attributable to shareholders of ¥533.79 million [7]. Growth Drivers - The company achieved significant growth in 2025, primarily driven by steady expansion in global wind power demand and improved customer structure leading to increased orders [9]. - The company has deepened cooperation with core customers, resulting in stable order growth and activation of potential customer collaborations [9]. Performance Forecast Details - The performance forecast is based on preliminary calculations and has not been audited by registered accountants [6]. - There are no major uncertainties that could affect the accuracy of this performance forecast [10]. - The data provided is preliminary and the final audited financial data will be disclosed in the official 2025 annual report [11]. - The performance forecast period is from January 1, 2025, to December 31, 2025 [4]. Investor Awareness - The company emphasizes the importance of investors being aware of investment risks [11].

Core Viewpoint - Delijia (603092.SH) expects to achieve a net profit attributable to shareholders of approximately 816 million yuan in 2025, representing a year-on-year increase of about 52.80% [1] - The company anticipates a net profit of around 788 million yuan after deducting non-recurring gains and losses, reflecting a year-on-year growth of approximately 47.43% [1] Group 1: Company Performance - The significant growth in the company's performance for 2025 is primarily driven by the steady expansion of global wind power industry demand and the optimization of the customer structure leading to increased orders [1] - The overall industry sentiment has remained at a high level since 2025, allowing the company to deepen cooperation with core customers, resulting in steady order growth [1] - The company has successfully activated the potential for collaboration with new customers, transitioning from small supply to stable bulk deliveries, which has directly contributed to the substantial increase in performance through customer structure diversification [1]

德力佳公告称，预计2025年年度实现归属于母公司所有者的净利润81,560.34万元左右，同比增加 28,181.79万元，增幅52.80%；扣非净利润78,841.71万元左右，同比增加25,365.68万元，增幅47.43%。 上年同期净利润为53,378.55万元，扣非净利润为53,476.03万元。业绩增长主要因全球风电产业需求扩 张、客户结构优化，订单稳步增长。预告数据为初步核算，具体以经审计的年报为准。 ...

Group 1 - Spot gold price has surpassed $5000 per ounce for the first time, with institutions predicting it could rise to $6600 [2] - The recent surge in gold prices is attributed to U.S. President Trump's policies reshaping international relations and investors fleeing sovereign bonds and foreign exchange markets [2] - Last week, gold prices increased by 8.5%, driven by a weakening dollar, which has made gold and silver cheaper for global buyers [2] Group 2 - In the past two weeks, stock ETFs have seen a net outflow of nearly 500 billion yuan, with significant redemptions in broad-based ETFs [3] - The trading volume of stock ETFs has surged, with some broad-based ETFs reaching record highs since their inception [3] Group 3 - The semiconductor sector in A-shares has been active in mergers and acquisitions, with several companies announcing related plans and progress [8] Group 4 - The commercial aerospace sector is experiencing a talent shortage, with investors with relevant experience being highly sought after [9] - The market is facing a significant gap in experienced commercial aerospace investors, leading firms to recruit candidates with adjacent experience [9] Group 5 - Global commodity markets are entering a new super cycle, with fund managers strategically increasing allocations to non-ferrous and chemical products [10] - Factors such as global monetary expansion, a credit crisis in the dollar, and geopolitical conflicts are contributing to this anticipated cycle [10]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603092 证券简称：德力佳 公告编号：2026-001 德力佳传动科技（江苏）股份有限公司 关于项目投资暨签订合作协议的公告 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、准确性和完整性承担法律责任。 重要内容提示： ● 投资标的名称：德力佳10兆瓦以上风电用变速箱研发制造项目 ● 投资金额：项目总投资50亿元（初期预投20亿，包括所有基建、首批设备投资及部分流动资金；后期 投资进度视产能需求分批实施。具体以实际投资金额为准） ● 交易实施尚需履行的审批及其他相关程序 项目尚处于前期规划阶段，需完成备案、环评、规划许可、施工许可等多项前置审批。若国家或地方政 策调整、审批条件发生变化，可能导致项目实施受阻，存在延期、暂停或终止的风险。 3、收益及市场风险 项目投资金额为当前市场条件下的估算，不构成业绩预测或承诺。项目短期内不会对业绩产生影响，投 产后收益将受宏观经济、市场供需、行业竞争及技术迭代等因素影响，存在无法实现预期收益的风险； 建设周期内若市场需求不及预期，亦可能影响项目实施及效益实 ...

证券日报网讯 1月25日，德力佳发布公告称，2026年1月25日，公司与无锡宛山湖产业发展有限公司、 羊尖镇人民政府签署《德力佳10兆瓦以上风电用变速箱研发制造项目投资合作协议》，项目总投资50亿 元，初期预投20亿元，拟用地约350亩，建设期60个月。 （文章来源：证券日报） ...