证券代码：688349 证券简称：三一重能 公告编号：2025-050 三一重能股份有限公司 关于取消监事会并修订《公司章程》及制定、修订部分治理制度 的公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 三一重能股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开第二 届董事会第二十次会议，审议通过了《关于取消监事会及修订<公司章程>的议 案》《关于制定及修订公司部分治理制度的议案》，并同日召开第二届监事会第 十七次会议，审议通过了《关于取消监事会及修订<公司章程>的议案》。上述 议案尚需提交公司股东大会审议，现将具体情况公告如下： 一、取消监事会的情况 为全面贯彻落实最新法律法规要求，进一步提升公司治理水平，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《上市公司章程指引》等法律 法规的相关要求和最新规定，结合公司实际情况，公司将不再设置监事会和监事， 监事会的职权由董事会审计委员会行使。公司《监事会议事规则》相应废止。 在股东大会审议通过本事项之前，监事会及监事仍将按照有关法律、行政法 ...

证券代码：688349 证券简称：三一重能 公告编号：2025-052 三一重能股份有限公司 关于增加2025年度日常关联交易预计的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 2、公司于 2025 年 4 月 28 日召开第二届董事会第十七会议、第二届监事会 1 第十五次会议，审议通过了《关于增加 2025 年度日常关联交易预计的议案》， 同意增加日常关联交易预计金额合计为 25,000 万元人民币。详见公司于 2025 年 4 月 29 日在上海证券交易所网站（http://www.sse.com.cn）披露的《关于增加 2025 年度日常关联交易预计的公告》（公告编号：2025-034）。 3、公司于 2025 年 8 月 28 日召开第二届董事会第二十次会议和第二届监事 会第十七次会议，审议通过了《关于增加 2025 年度日常关联交易预计的议案》， 本次增加日常关联交易预计金额合计为 74,951.11 万元人民币，关联董事周福贵 先生、向文波先生回避表决，出席会议的非关联董事一致同意该议案 ...

证券代码：688349 证券简称：三一重能 公告编号：2025-048 三一重能股份有限公司 2025年半年度募集资金存放与实际使用情况的专项报告 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个别及连带责任。 根据《上市公司募集资金监管规则》和《上海证券交易所科创板上市公司自 律监管指引第 1 号——规范运作》等法律法规的规定，三一重能股份有限公司（以 下简称"公司"或"三一重能"）将 2025 年半年度募集资金存放与使用情况专 项报告如下： 1 | 项目 | | 金额 | | --- | --- | --- | | 募集资金总额 | | 561,091.43 | | 减：券商保荐及承销费用（含增值税） | | 12,443.66 | | 实际收到的募集资金总额 | | 548,647.77 | | 减：以募集资金置换预先支付发行费用的金额 | | 1,367.98 | | 减：以募集资金置换预先投入项目的自筹资金金额 | | 41,611.87 | | 减：直接投入募集资金项目的金额 | | 134,752.81 | | 减：补充流 ...

三一重能股份有限公司 2025 年度"提质增效重回报"行动方案的半年度评估报告 三一重能股份有限公司（以下简称"三一重能"或"公司"）响应上海证券 交易所"关于开展科创板公司'提质增效重回报'专项行动的倡议"，践行以"投资 者为本"的上市公司发展理念，积极维护资本市场稳定及全体股东利益，于 2025 年 4 月 28 日召开第二届董事会第十七次会议审议通过并披露了《2025 年度"提 质增效重回报"行动方案》（以下简称"行动方案"）。 2025 年上半年，行动方案主要举措的进展及成效情况如下： 一、聚焦主业，持续提升经营质量，发展新质生产力 2025 年上半年，中国风电行业保持快速发展态势。国家能源局数据显示， 上半年全国风电新增并网容量达到 51.39GW，同比增长 98.88%。从招标量来看， 2025 年上半年，风电项目中标容量保持在高水平。从价格来看，2025 年上半年 中标均价较 2024 年度明显回升，招标量和价格均显示风电行业景气度持续回升。 公司坚持风电长跑思维，坚持高质量发展与稳健经营，保持高水平研发投入， 积极推进"全球化、数智化、低碳化"战略。2025 年上半年，公司实现归属于 上市公司 ...

三一重能公告，2025年上半年营业收入85.94亿元，同比增长62.75%。净利润2.1亿元，同比下降 51.54%。 ...

Market Performance - On August 28, the wind power equipment sector rose by 1.58%, with Electric Wind Power leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Electric Wind Power (688660) closed at 25.56, up 14.46%, with a trading volume of 943,800 shares and a transaction value of 2.304 billion [1] - Other notable performers included Zhonghuan Hailu (301040) at 39.60, up 12.66%, and He Wang Electric (603063) at 37.78, up 6.51% [1] - Conversely, Mingyang Smart Energy (601615) fell by 4.17% to 12.18, with a trading volume of 944,800 shares and a transaction value of 1.148 billion [2] Capital Flow - The wind power equipment sector experienced a net outflow of 429 million from institutional investors, while retail investors saw a net inflow of 400 million [2] - The table of capital flow indicates that He Wang Electric had a net inflow of 1.956 million from institutional investors, while Electric Wind Power had a net outflow of 2.302 million [3] Individual Stock Analysis - He Wang Electric (603063) had a net outflow of 1.956 million from institutional investors, with a retail net inflow of 1.255 million [3] - Electric Wind Power (688660) saw a net outflow of 2.302 million from institutional investors, with a retail net inflow of 203.85 million [3] - Overall, the capital flow data suggests varying levels of investor interest across different stocks within the wind power equipment sector [3]

Group 1 - The core viewpoint is that domestic offshore wind turbine and overseas export turbine gross margins are significantly higher than domestic ones, with expectations for improvement in gross margins in the second half of 2025 or the first half of 2026 due to increased shipments from major manufacturers and structural optimization [1] - The expected delivery of price-increased orders for wind turbines will begin in Q3, indicating a potential turning point for domestic onshore wind profitability [1] - The average bidding price for onshore wind turbines (excluding towers) is projected to rise from 1382 RMB/kW in the first half of 2024 to 1496 RMB/kW in the first half of 2025, an 8% year-on-year increase, while the average bidding price including towers is expected to increase by 21% year-on-year to 2096 RMB/kW [1] Group 2 - The year 2025 is anticipated to be a recovery year for domestic offshore wind, with expectations for further upward trends in 2026 and beyond due to the commencement of key short-term projects and a rich pipeline of mid-to-long-term offshore wind approvals [2] - There is significant potential for overseas wind power expansion, with domestic wind turbine exports expected to account for 14% of new overseas installations in 2024, indicating room for growth in the overseas market [2] - Major domestic manufacturers have set ambitious delivery and new order targets for 2025, with expected deliveries of 3.5 GW for Goldwind, 0.3-0.5 GW for Mingyang, 0.3-0.4 GW for Yunda, and 1-1.5 GW for SANY, alongside new order targets of over 6 GW, 4 GW, 2+ GW, and 3+ GW respectively [2]

Group 1 - The Yunnan Provincial Development and Reform Commission and Energy Bureau announced the second batch of new energy project development plans, involving 206 projects with a total installed capacity of 14.27155 million kilowatts, including 154 photovoltaic projects with an installed capacity of 11.23 million kilowatts, which are required to commence construction by the end of February 2026 [1] - Wind power projects consist of 52 projects with an installed capacity of 3.04155 million kilowatts, which must start construction by the end of July 2026 [1] - This policy accelerates the infrastructure development of new energy, benefiting companies in the photovoltaic and wind power industry chains [1] Group 2 - As of August 20, the Kexin New Energy ETF (588830.SH) rose by 0.55%, and its related index, Kexin New Energy (000692.SH), increased by 0.51% [1] - Major constituent stocks such as Tian Nai Technology rose by 11.00%, Li Yuan Heng by 4.55%, Sany Renewable Energy by 4.32%, Trina Solar by 0.87%, and Jinbo Co., Ltd. by 1.94% [1] Group 3 - Guohai Securities pointed out that the acceleration of offshore wind power construction in Europe will provide export opportunities for Chinese offshore wind equipment manufacturers, as domestic companies possess global competitiveness in wind turbines and submarine cables [1] - Huayuan Securities believes that the approval pace for ultra-high voltage projects is expected to accelerate by 2025, with projects like the Eastern Tibet-South Guangdong-Macao Greater Bay Area already approved, leading to a recovery in the power equipment sector [1] - The demand for new energy power transmission and consumption will continue to drive the development of related industry chains [1]

Core Insights - The report by Shunwei Consulting highlights the organizational efficiency of ten benchmark companies in the wind power equipment sector, which represent 67% of the new installed capacity in China for 2024 [1][10]. Industry Overview - The global GDP growth rate for 2024 is projected at 3.9%, with China's economy showing a positive growth trend. Clean energy's share in the power structure is expected to rise to 37%, with wind power generation reaching 1 trillion kWh, a year-on-year increase of 13% [2][17]. - In 2024, the global wind power market is expected to add 117 GW of new capacity, with China accounting for 68% of this growth, translating to 80 GW of new installations. The compound annual growth rate (CAGR) for the past five years is 25% [2][38]. - The wind turbine market is projected to grow steadily, reaching a scale of 136.6 billion yuan by 2030, with increasing industry concentration as the CR5 rises from 65% in 2020 to 75% in 2024 [2][40]. Organizational Efficiency Analysis - In 2024, benchmark companies experienced a slight revenue decline of 2.1% and a net profit drop of 9.1%. Revenue per employee and net profit per employee fell by 6.4% and 17%, respectively [3]. - The gross profit margin and net profit margin decreased to 13% and 3.4%, indicating squeezed profit margins. The return on equity (ROE) is only 2.9%, with inventory and accounts receivable turnover rates declining [3]. - The market value of these companies decreased by 4.3% year-on-year, reflecting market concerns about their profitability resilience [3]. Competitive Landscape - The wind power industry is characterized by high market concentration, with the top five companies (CR5) controlling 75% of the market by 2024. The competitive dynamics are shifting towards a more consolidated market structure [2][44]. - Chinese wind turbine manufacturers are leading globally, but there remains significant potential for overseas expansion. The offshore wind power sector is expected to add 10 GW by 2025, with cumulative global additions reaching 156 GW from 2025 to 2030 [2][48]. Future Trends - The industry is witnessing trends such as deep-sea extension, larger and lighter wind turbines, and an expansion across the entire industrial chain. Wind turbine prices are expected to stabilize and recover by 2025 [2][30]. - The transition towards a market-oriented pricing mechanism for renewable energy is anticipated to enhance the profitability of wind power projects, especially as the market reforms take effect [24][29].

Core Viewpoint - SANY Heavy Energy has shown significant financing activity, with a net financing inflow of 16.85 million yuan last week, indicating investor interest in the company [1] Financing Activity - Last week, SANY Heavy Energy recorded a total financing buy amount of 63.47 million yuan and a repayment amount of 46.61 million yuan [1] - The company ranked 475th in terms of net financing inflow across the market [1] Capital Flow - Over the past 5 days, the main capital inflow into SANY Heavy Energy was 29.98 million yuan, with a price increase of 4.48% during this period [1] - In the last 10 days, there was a capital outflow of 2.25 million yuan, with a price decrease of 0.18% [1] Company Profile - SANY Heavy Energy Co., Ltd. was established in 2008 and is located in Beijing, primarily engaged in the manufacturing of electrical machinery and equipment [1] - The company has a registered capital of 12.26 billion yuan and a paid-in capital of 9.94 billion yuan [1] - The legal representative of the company is Zhou Fugui [1] Investment and Intellectual Property - SANY Heavy Energy has invested in 204 companies and participated in 1,028 bidding projects [1] - The company holds 1 trademark and 1,278 patents, along with 229 administrative licenses [1]