Core Viewpoint - Shanghai Electric Wind Power Group has successfully won the bid for the procurement of onshore wind turbine units for the CGN New Energy Chongqing Youyang Daping 101MW onshore wind power project, indicating a continued expansion and deepening of cooperation in the wind power sector [1] Company Summary - Shanghai Electric Wind Power Group will provide onshore excellent platform units for the project, showcasing its capabilities in wind power technology [1] Industry Summary - The collaboration between Shanghai Electric Wind Power Group and CGN New Energy reflects ongoing developments and investments in the wind power industry, particularly in onshore projects [1]

Core Viewpoint - The wind power equipment sector experienced a significant increase of 2.94% on November 24, with Feiwo Technology leading the gains, reflecting positive market sentiment in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1]. - Feiwo Technology saw a closing price of 58.15, with a notable increase of 11.46%, leading the sector [1]. - Other notable performers included Electric Wind Power, which rose by 6.71% to 16.69, and Weili Transmission, which increased by 5.94% to 69.20 [1]. Group 2: Trading Volume and Capital Flow - The wind power equipment sector recorded a net inflow of 254 million yuan from main funds, while retail investors saw a net outflow of 130 million yuan [1]. - The trading volume for Feiwo Technology was 97,100 hands, with a transaction value of 551 million yuan [1]. - Electric Wind Power had a trading volume of 378,900 hands, with a transaction value of 631 million yuan [1]. Group 3: Individual Stock Capital Flow - Jin Feng Technology had a main fund net inflow of 73.96 million yuan, accounting for 5.64% of its total [2]. - Electric Wind Power experienced a main fund net inflow of 65.94 million yuan, representing 10.46% of its total [2]. - Zhongchuan Technology saw a main fund net inflow of 62.55 million yuan, which is 6.56% of its total [2].

Core Viewpoint - The A-share wind power equipment sector experienced a strong upward trend on November 24, with significant gains in various companies [1] Group 1: Company Performance - Feiwo Technology saw an increase of over 14% [1] - Dajin Heavy Industry rose by more than 9% [1] - Electric Wind Power gained over 6% [1] - Weili Transmission and Yunda Co. also experienced upward movement [1]

Core Points - The stock of Electric Wind Power fell by 2.80% on November 21, with a trading volume of 339 million yuan [1] - As of November 21, the total margin balance for Electric Wind Power was 976 million yuan, indicating a high level of financing activity [1] Financing Summary - On November 21, Electric Wind Power had a financing buy-in amount of 27.85 million yuan, with a net buy of 331,100 yuan after repayments [1] - The current financing balance is 975 million yuan, accounting for 4.68% of the circulating market value, which is above the 80th percentile of the past year [1] - The margin trading data shows that 6,600 shares were repaid on November 21, with no shares sold, and the margin balance was 405,100 yuan, also above the 80th percentile of the past year [1] Company Overview - Electric Wind Power, established on September 7, 2006, and listed on May 19, 2021, is based in Xuhui District, Shanghai [1] - The company's main business includes the design, research and development, manufacturing, and sales of wind power generation equipment, along with aftermarket services [1] - The revenue composition is as follows: 92.60% from product sales, 5.29% from services, 1.42% from electricity sales, and 0.68% from other sources [1] Financial Performance - As of September 30, 2025, Electric Wind Power reported a revenue of 4.262 billion yuan, a year-on-year increase of 35.96% [2] - The net profit attributable to the parent company was -732 million yuan, a decrease of 53.51% year-on-year [2] - The company has distributed a total of 153 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 38.54% to 41,400 [2] - The average number of circulating shares per shareholder decreased by 27.82% to 32,218 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest, holding 11.7149 million shares, a decrease of 413,100 shares from the previous period [2]

Group 1 - The core point of the article is the establishment of a joint venture between Anhui Wan Energy Trading Co., Ltd. and Dongfang Electric Wind Power Co., Ltd. to promote the national "dual carbon" strategy and optimize state-owned capital layout [2] - The joint venture will have a total registered capital of 185,683.0205 million RMB, with Anhui Wan Energy holding 51% and Dongfang Electric holding 49% [2] - The partnership aims to enhance resource complementarity and strategic collaboration, improving the quality of enterprise development [2] Group 2 - Anhui Wan Energy reported revenues of 257.40 billion RMB in 2022, with projected revenues of 278.67 billion RMB in 2023, 300.94 billion RMB in 2024, and 217.73 billion RMB in the first three quarters of 2025, reflecting year-on-year growth rates of 22.38%, 8.26%, 7.99%, and a decline of 3.41% respectively [3] - The company's net profit attributable to shareholders was 4.99 billion RMB in 2022, increasing to 14.30 billion RMB in 2023, 20.64 billion RMB in 2024, and 19.06 billion RMB in the first three quarters of 2025, with year-on-year growth rates of 137.57%, 186.37%, 44.36%, and 20.43% respectively [3] - The company's debt-to-asset ratio was reported at 63.23% in 2022, 66.36% in 2023, 65.01% in 2024, and 63.00% in the first three quarters of 2025 [3]

Core Viewpoint - The establishment of a joint venture between WanNeng Electric Power and Dongfang Electric Wind Power aims to enhance resource synergy and align with national carbon neutrality goals [1] Group 1: Joint Venture Details - WanNeng Energy Trading Co., a wholly-owned subsidiary of WanNeng Electric Power, holds a 51% stake in the joint venture, while Dongfang Wind Power holds 49% [1] - The registered capital of the joint venture is approximately 1.85683 billion yuan, with Dongfang Wind Power contributing 100% equity of Muli Dongji New Energy Co., and WanNeng Energy Trading contributing approximately 946.983405 million yuan in cash [1] Group 2: Strategic Objectives - The investment is part of a broader strategy to respond to the national "dual carbon" initiative, optimize state capital layout, and deepen resource complementarity and strategic collaboration [1] - The joint venture aims to promote development, mitigate risks, and enhance the quality of the company's growth [1]

Core Viewpoint - Dongfang Electric announced the establishment of a joint venture with Waneng Energy, leveraging the 100% equity stake of Muli Dongji New Energy Co., Ltd. to enhance resource sharing and risk management in the wind energy sector [1] Group 1: Joint Venture Details - The joint venture, named Muli Wandong New Energy Co., Ltd., will be co-established by Dongfang Electric Wind Power Co., Ltd. and Waneng Energy, with Dongfang Electric holding 49% and Waneng Energy holding 51% [1] - The registered capital of the joint venture is approximately 1.85683 billion yuan, with Dongfang Electric contributing the 100% equity stake of Muli Dongji valued at approximately 909.85 million yuan based on an asset evaluation report [1] Group 2: Project Objectives - The joint venture aims to advance the 1 million kilowatt technology innovation experimental wind farm project in Muli, promoting resource complementarity and shared risk [1] - The partnership is expected to enhance the strategic positioning of both companies in the renewable energy market [1]

Core Viewpoint - The establishment of a joint venture between Dongfang Electric's subsidiary and Anhui Wannen Energy Trading Co., with a registered capital of 1.857 billion yuan, indicates a strategic move to enhance market presence in the renewable energy sector [1] Group 1 - Dongfang Electric's subsidiary, Dongfang Wind Power Co., holds a 49% stake in the newly formed joint venture, while Anhui Wannen Energy holds a 51% stake [1] - The joint venture's registered capital is set at 1.857 billion yuan, with Dongfang Wind Power contributing 100% equity of Muli Dongji New Energy Co., valued at 910 million yuan based on an asset appraisal [1] - Anhui Wannen Energy is contributing 947 million yuan in cash to the joint venture [1]

Market Overview - On November 17, the wind power equipment sector declined by 1.74% compared to the previous trading day, with Electric Power Wind leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the wind power equipment sector included: - Changyou Technology (301557) with a closing price of 117.58, up 6.12% and a trading volume of 19,600 lots [1] - Xinqianglian (300850) closed at 51.03, up 2.86% with a trading volume of 202,600 lots [1] - Hongde Co., Ltd. (301163) closed at 30.10, up 1.83% with a trading volume of 15,800 lots [1] - Conversely, Electric Power Wind (688660) saw a significant decline of 9.16%, closing at 16.36 with a trading volume of 366,100 lots [2] - Other notable decliners included: - Jixin Technology (601218) down 5.18% to 5.67 [2] - Haili Wind Power (301155) down 4.46% to 82.70 [2] Capital Flow - The wind power equipment sector experienced a net outflow of 763 million yuan from institutional investors, while retail investors saw a net inflow of 610 million yuan [2] - The table of capital flow indicates that: - Changyou Technology had a net outflow of 30.29 million yuan from institutional investors [3] - China Shipbuilding Technology (600072) had a net inflow of 13.80 million yuan from institutional investors [3] - Other companies like New Strong Union (300850) and Hongde Co., Ltd. (301163) also showed mixed capital flows [3]

Market Overview - The wind power equipment sector experienced a decline of 0.66% on November 14, with Delijia leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Changyou Technology (301557) saw a significant increase of 7.78%, closing at 110.80 with a trading volume of 16,700 lots and a transaction value of 182 million [1] - Pangu Intelligent (301456) rose by 4.20%, closing at 31.50 with a trading volume of 74,300 lots and a transaction value of 229 million [1] - Other notable performers included Hongde Co. (301163) with a 1.30% increase and Zhonghuan Hailu (301040) with a 0.84% increase [1] Declining Stocks - Delijia (603092) led the decline with a drop of 4.92%, closing at 62.48 with a trading volume of 73,200 lots and a transaction value of 46.4 million [2] - Other stocks that declined included Weili Transmission (300904) down 2.36% and Mingyang Smart Energy (601615) down 2.03% [2] Capital Flow - The wind power equipment sector saw a net outflow of 157 million from institutional investors, while retail investors contributed a net inflow of 36.27 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed some interest [2] Individual Stock Capital Flow - Hewei Electric (603063) had a net inflow of 89.62 million from institutional investors, but a net outflow of 72.91 million from retail investors [3] - Pangu Intelligent (301456) experienced a net inflow of 14.43 million from institutional investors, while retail investors showed a net outflow of 1.33 million [3] - Overall, the capital flow data reflects varying levels of investor confidence across different stocks within the sector [3]