再往后来看，明年行业盈利能力将显著提升，虽然企业表现可能会分化，但会是相对来说行业比较好的 一年。基于协会、业内企业的努力，以及业主对于行业认识的深化等，风电价格、盈利最差的阶段已经 过去了。 10月21日，三一重能董事会秘书周利凯在接受智通财经等媒体采访时表示，过去几年风机行业的价格持 续下降，去年价格到了低点。今年，行业价格有所回升。 ...

证券研究报告 电力设备与新能源 《风能北京宣言 2.0》发布，夯实国内 风电需求预期 华泰研究 2025 年 10 月 21 日│中国内地 动态点评 《风能北京宣言 2.0》发布，夯实国内风电需求预期 10 月 20 日北京国际风能大会开幕，全球 1000 多家风能企业的代表联合发 布《风能北京宣言 2.0》（《宣言 2.0》），目标"十五五"/"十六五"国 内风电年均新增装机不低于 120/140GW，夯实产业发展信心。我们看好在 需求增长叠加风机涨价的行业大 beta 下，风电产业链进入量利修复通道， 建议关注头部风机厂与海风&海外条线，推荐三一重能。 《宣言 2.0》设定国内风电中长期装机目标 《宣言 2.0》由包括设备商、开发商、运维商在内的全球 1000 多家风能企 业的代表联合发布。在国家自主贡献目标指引下，综合资源潜力、技术能力、 产业链韧性和市场消费需求，《宣言 2.0》为中国风电设定合理的发展目标： "十五五"期间年新增装机不低于 120GW，其中海风不低于 15GW，确保 2030 年累计风电装机达 1300GW（截至 25 年 8 月底累计装机为 579GW）； 2035 年累计装机不低 ...

Core Viewpoint - The article highlights the launch of the SI-242 series wind turbine by SANY Renewable Energy at the 2025 Beijing International Wind Energy Conference, emphasizing its role in addressing challenges in the wind energy sector and marking a new era of "high value" in wind power development [2]. Group 1: Product Innovation - SANY Renewable Energy has introduced the SI-242 series wind turbine, which features a power range of 5.6MW to 12.5MW and a rotor diameter of 242 meters, capable of operating efficiently in wind speeds as low as 4.5m/s and as high as 25m/s, withstanding extreme wind speeds up to 63m/s [6][8]. - Compared to traditional solutions, the SI-242 model can reduce the number of required turbine installations by approximately 6% to 18%, addressing the challenges of resource scarcity and complex site selection in wind power projects [8]. Group 2: Technical Foundation - The SI-242 series is an evolution of the established 10MW turbine platform, incorporating a dual TRB main shaft system and a 3P1H integrated gearbox design, with enhanced blade root diameter and increased bolt strength, resulting in a 20% improvement in load-bearing capacity [10]. - The modular design allows for high compatibility of key components across different models, ensuring reliability and adaptability to various site conditions [12]. Group 3: Validation and Testing - Prior to its market launch, the SI-242 series underwent over 300 days of rigorous testing in Xinjiang, demonstrating its reliability and performance across extreme temperatures and conditions, with more than 1,000 preliminary tests conducted [14]. - SANY Renewable Energy has established a comprehensive testing and validation system for its products, achieving national certification for its wind power testing center, which enhances the credibility of its testing capabilities [18][20].

● 本报记者刘杨 而海外市场的增长潜力也日益凸显。三一重能董秘周利凯对记者透露，截至2025年8月底，公司海外新 增订单超2GW，在手订单价值超100亿元，预计全年海外交付量大幅增长，2026年海外新增装机将显著 提升。 "海外风机订单交付周期比国内长，海外订单的出货交付速度受业主融资成本的影响。"周利凯表示，未 来美元利率下降有望提升海外项目投资收益率，加速订单交付进度，海外市场将成为行业增长的重要增 量。 10月20日，2025年北京国际风能大会上发布的《风能北京宣言2.0》，以"年均新增装机不低于1.2亿千 瓦"的明确目标，为中国风电产业划定了未来五年的高增长轨道。与此同时，海内外市场双轮驱动与三 季度项目开工旺季形成共振，行业景气度正加速攀升。 分析人士指出，在《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》(136号文)推 动的市场化改革红利下，风电行业凭借其成本与发电曲线优势抢占装机份额，三季报将进一步印证行业 从高速增长向高质量发展的转型成效，为"十五五"开局奠定坚实基础。 明确风电发展目标 10月20日，在北京国际风能大会现场，中国职工技术协会副理事长、电力专委会名誉会长毕亚雄代 ...

Group 1 - The core transaction of SANY Energy on October 17 involved a block trade of 1.6 million shares, amounting to 46.272 million yuan, with a transaction price of 28.92 yuan, reflecting a discount of 0.99% compared to the closing price of the day [2][3] - Over the past three months, SANY Energy has recorded a total of two block trades, with a cumulative transaction value of 49.129 million yuan [2] - On the same day, SANY Energy's closing price was 29.21 yuan, showing a decline of 3.66%, with a turnover rate of 2.29% and a total trading volume of 166 million yuan, alongside a net outflow of main funds amounting to 8.292 million yuan [2][3] Group 2 - The latest margin financing balance for SANY Energy is 85.291 million yuan, which has increased by 639,400 yuan over the past five days, representing a growth rate of 0.76% [3] - SANY Energy was established on April 17, 2008, with a registered capital of 1.226 billion yuan [3]

10月17日，三一重能大宗交易成交160万股，成交额4627.2万元，占当日总成交额的21.75%，成交价 28.92元，较市场收盘价29.21元折价0.99%。 | 交易日期 | 证券商稼 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专场 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-10-17 | 三一重差 | 688349 | 28.92 4627.2 | . 160 | 机构专用 | 零部屋容易高品 | | | KO | ...

本报讯(记者袁传玺)天眼查工商信息显示，近日，三一(阜新)风电装备有限公司成立，注册资本1000万 元。经营范围含机械电气设备制造、电机制造等。股东信息显示，该公司由三一重能全资持股。 ...

Core Viewpoint - Recently, SANY (Fuxin) Wind Power Equipment Co., Ltd. was established with a registered capital of 10 million yuan, focusing on manufacturing and sales in the wind power sector [1] Company Summary - The newly established company is fully owned by SANY Renewable Energy (688349) [1] - The business scope includes manufacturing electrical instruments, generators, and sales of both onshore and offshore wind turbine units [1]

Core Insights - The wind power equipment sector saw a 0.7% increase on October 15, with Zhonghuan Hailu leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Wind Power Equipment Sector Performance - Zhonghuan Hailu (301040) closed at 24.07, up 6.08% with a trading volume of 95,900 shares and a transaction value of 227 million [1] - Electric Wind Power (688660) closed at 20.40, up 4.29% with a trading volume of 339,800 shares and a transaction value of 677 million [1] - Tai Sheng Wind Energy (300129) closed at 8.45, up 3.94% with a trading volume of 506,100 shares and a transaction value of 421 million [1] - Other notable performers include Jin Lei Co. (300443) up 3.87%, Shuangyi Technology (300690) up 3.56%, and Changyou Technology (301557) up 3.10% [1] Capital Flow Analysis - The wind power equipment sector experienced a net outflow of 320 million from institutional investors and 210 million from retail investors, while retail investors saw a net inflow of 531 million [2] - The capital flow for individual stocks indicates that Tai Sheng Wind Energy had a net inflow of 35.63 million from institutional investors, while it faced a net outflow of 42.72 million from retail investors [3] - Other stocks like He Wang Electric (603063) and Tian Shun Wind Energy (002531) also showed mixed capital flows, with varying net inflows and outflows from different investor categories [3]

Core Viewpoint - The green hydrogen and ammonia industry is entering a significant strategic opportunity period due to national policies promoting the increase of renewable energy non-electric consumption and the development of the green hydrogen and ammonia industry [1][2] Group 1: Policy Developments - The National Development and Reform Commission released a draft implementation plan for the minimum proportion target of renewable energy consumption and the responsibility weight system for renewable energy power consumption [1] - The plan includes mandatory assessments for renewable energy non-electric consumption, marking a shift in energy management focus from solely electricity to a multi-energy collaborative consumption model [2] Group 2: Market Implications - The inclusion of green hydrogen and ammonia as a compliant path in the policy creates unprecedented access for the industry, enhancing market demand and expectations [2] - The establishment of minimum non-electric consumption targets for provincial regions and key energy-consuming enterprises, along with punitive measures, creates a systematic market demand for green hydrogen and ammonia [2] Group 3: Investment Opportunities - Companies to watch in the green hydrogen and ammonia sector include Jin Feng Technology (002202.SZ), Yunda Co., Ltd. (300772.SZ), Sany Renewable Energy (688349.SH), Hewei Electric (603063.SH), and Huadian Technology (601226.SH) [1]