Group 1 - The core point of the article is that Goldwind Technology (SZ 002202) held its seventh board meeting of the ninth session on October 24, 2025, to discuss the proposal for the 2026 annual continuous related transaction (H shares) exemption limit [1] - For the first half of 2025, Goldwind Technology's revenue composition was 97.84% from the wind power industry and 2.16% from other sources [1] - As of the report date, Goldwind Technology's market capitalization was 66.9 billion yuan [1] Group 2 - A notable event mentioned is a well-known brand's acquisition of 2,000 shares for 170 million yuan, despite the target company's registered capital being only 10,000 Hong Kong dollars and not yet operational, raising questions about the necessity of the acquisition [1]

Financial Performance Highlights - San Chuan Wisdom reported a net profit of 143.89 million yuan, a year-on-year increase of 101.23%, with total revenue of 827.84 million yuan, down 25.53% [1] - Dian Guang Media achieved a net profit of 132.11 million yuan, up 116.61%, with revenue of 3.19 billion yuan, an increase of 16.32% [1] - Jin Kai BioScience's net profit surged by 163.24% to 103.43 million yuan, with revenue of 487.72 million yuan, up 25.96% [2] - He Ren Technology's net profit skyrocketed by 1,292.86% to 12.94 million yuan, despite a slight revenue decline of 0.33% to 263.46 million yuan [3] - Ming Tai Aluminum's net profit for Q3 increased by 35.94% to 464 million yuan, while total revenue for the first three quarters was 25.87 billion yuan, up 9.38% [4] - Jin Cai Interconnect reported a staggering net profit growth of 1,697.84% to 57.52 million yuan, with revenue of 750.02 million yuan, down 17.32% [5] - Chi Feng Gold's Q3 net profit rose by 140.98% to 951 million yuan, with revenue of 3.37 billion yuan, up 66.39% [6] - Chu Jiang New Materials reported a net profit of 355.17 million yuan, a year-on-year increase of 2,089.49%, with revenue of 44.19 billion yuan, up 13.29% [8] - Guo Xuan High-Tech's net profit increased by 514.35% to 2.53 billion yuan, with revenue of 29.51 billion yuan, up 17.21% [16] - Sichuan Changhong's Q3 net profit grew by 690.83% to 50.7 million yuan, despite a revenue decline of 2.69% to 25.18 billion yuan [17] - Kewo Technology's Q3 net profit surged by 7,161% to 438 million yuan, with revenue of 4.20 billion yuan, up 29.26% [16] Strategic Developments - GreenMei signed a strategic cooperation framework agreement with Xiamen Xatong New Energy to supply 150,000 tons of battery materials annually from 2026 to 2028 [4] - Hunan Development plans to invest 2.4 billion yuan in a photovoltaic power generation project with a capacity of 800MW [9] - Weston intends to use 160 million yuan of raised funds to acquire and increase investment in Liangtou Technology, aiming for a controlling stake [7] - Zhaopin Technology announced a joint investment with Zhizhu and Yuankeshi to establish Shenzhen Zhixian Robot Technology Co., with a registered capital of 50 million yuan [12] - Jiangsu Long Power's controlling shareholder secured a loan of up to 7.2 billion yuan specifically for stock repurchase [22][23]

Core Insights - The company, Goldwind Technology, reported significant growth in its operating performance for the first three quarters of 2025, with a net profit increase of 170.64% in the third quarter [1] - The company's revenue for the first nine months reached 48.147 billion yuan, a year-on-year increase of 34.34%, while net profit was 2.584 billion yuan, up 44.21% [1] Financial Performance - For the first three quarters, the company achieved an operating revenue of 48.147 billion yuan, a 34.34% increase year-on-year, and a net profit of 2.584 billion yuan, up 44.21% [1] - In Q3 alone, the operating revenue was 19.61 billion yuan, reflecting a 25.4% year-on-year growth, with a net profit of 1.097 billion yuan, marking a 170.64% increase [1] - The company's operating costs for the first three quarters were 41.218 billion yuan, a 37.63% increase, aligning with revenue growth [1] Cash Flow - The net cash flow from operating activities showed significant improvement, with a net outflow of 633 million yuan, an improvement of 90.27% compared to the previous year's outflow of 6.507 billion yuan [2] - Cash received from sales of goods and services reached 53.475 billion yuan, a 28.61% increase year-on-year [2] Business Operations - The company experienced a substantial increase in wind turbine sales, with a total sales capacity of 18,449.7 MW for the first nine months, a 90.01% year-on-year growth [2] - The sales capacity breakdown included 22.50 MW for units below 4 MW, 2,550.05 MW for units between 4 MW and 6 MW, and 15,877.15 MW for units above 6 MW, with the latter representing 86.06% of total sales [2] Order Backlog - As of September 30, 2025, the company had a robust order backlog of 52,460.84 MW, a year-on-year increase of 18.48% [3] - The external orders included 38,861.14 MW, with significant portions in the 6 MW and above category [3] - The company also had internal orders totaling 2,586.97 MW, contributing to the overall order volume [3] Asset and Liability Changes - Inventory balance increased to 21.650 billion yuan, a 46.01% rise from the previous year-end, driven by increased procurement to meet order delivery needs [3] - Short-term borrowings decreased by 36.69% to 999.8 million yuan due to repayment of bank loans [3]

Financial Performance - The company reported a significant increase in net profit for Q3, with a year-on-year growth of over 170% [1][6] - Revenue for the first three quarters reached 48.147 billion yuan, a year-on-year increase of 34.34% [3][6] - Operating costs for the same period were 41.218 billion yuan, up 37.63% year-on-year [3][6] - Q3 revenue was 19.61 billion yuan, reflecting a 25.40% year-on-year growth [6] Core Business Progress - The company achieved external sales capacity of 18,449.70 MW in the first three quarters, a 90.01% increase year-on-year [3][6] - Sales of wind turbines with a capacity of 6 MW and above accounted for 86.06% of total sales capacity [3][6] - The total order backlog as of September 30 was 52,460.84 MW, an 18.48% increase year-on-year [3][6] Profitability Enhancement - Fair value changes contributed significantly to performance growth, with fair value change income reaching 787 million yuan, a 741.39% increase year-on-year [4] - Basic earnings per share increased by 45.83% to 0.5969 yuan [4] - The weighted average return on equity rose to 6.67%, an increase of 1.90 percentage points year-on-year [4] Investment Income - Investment income for the first three quarters was 641 million yuan, a decrease of 53.19% compared to the previous year, primarily due to reduced gains from subsidiary transfers [5] Asset Scale Expansion - As of September 30, total assets amounted to 167.307 billion yuan, a 7.78% increase since the beginning of the year [7] - Inventory surged by 46.01% to 21.65 billion yuan, mainly due to increased procurement to meet order delivery needs [7]

格隆汇10月24日丨金风科技(002202.SZ)公布2025年第三季度报告，营业收入为196.10亿元，同比上升 25.40%；归属于上市公司股东的净利润为10.97亿元，同比上升170.64%；归属于上市公司股东的扣除非 经常性损益的净利润为10.51亿元，同比上升160.54%。 ...

【金风科技：第三季度净利润同比增长171% 在手订单总计同比增长18.48%】智通财经10月24日电，金 风科技(002202.SZ)公告称，第三季度营收为196.1亿元，同比增长25.40%；净利润为10.97亿元，同比增 长170.64%。前三季度营收为481.47亿元，同比增长34.34%；净利润为25.84亿元，同比增长44.21%。截 至2025年9月30日，公司外部待执行订单总量为38,861.14MW，分别为：4MW以下机组605.12MW， 4MW(含)-6MW机组6,596.23MW，6MW及以上机组31,659.79MW；公司外部中标未签订单为 11,012.73MW，包括4MW(含)-6MW机组1,119.80MW，6MW及以上机组9,892.93MW；公司在手外部订 单共计49,873.87MW，其中海外订单量为7,161.72MW；此外，公司另有内部订单2,586.97MW。公司在 手订单总计52,460.84MW，同比增长18.48%。 转自：智通财经 ...

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter and the first three quarters of 2025, indicating strong performance in the wind turbine and component sales sector [1] Financial Performance - In the third quarter, the company achieved an operating revenue of 19.61 billion, representing a year-on-year increase of 25.4% [1] - The net profit for the third quarter was 1.097 billion, showing a remarkable year-on-year growth of 170.64% [1] - For the first three quarters, the total operating revenue reached 48.147 billion, which is a year-on-year increase of 34.34% [1] - The net profit for the first three quarters amounted to 2.584 billion, reflecting a year-on-year growth of 44.21% [1] Sales Growth - The report highlights an increase in the sales scale of wind turbines and components during the reporting period [1]

Core Insights - The company reported a third-quarter revenue of 19.61 billion, representing a year-on-year increase of 25.40% [1] - The net profit for the third quarter was 1.097 billion, showing a significant year-on-year growth of 170.64% [1] - For the first three quarters, the total revenue reached 48.147 billion, marking a year-on-year growth of 34.34% [1] - The net profit for the first three quarters was 2.584 billion, with a year-on-year increase of 44.21% [1]

股票代码：002202 股票简称：金风科技 公告编号：2025-094 一、关联交易概述 金风科技股份有限公司 关于 2026 年度日常关联交易（A 股）预计额度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》及金风科技（下称"公司"） 与关联方在 2026 年预计发生的日常关联交易情况，2025 年 10 月 24 日，公司第九届董事会第七次会议审议通过了《关于申请 2026 年度 日常关联交易（A 股）预计额度的议案》，关联董事杨丽迎女士回避 表决。关联交易主要内容如下： 单位：人民币万元 | 关联方 | 业务类型 | 2025 | 年 1-9 月 | 2026 年 | | --- | --- | --- | --- | --- | | | | 实际发生额 | 占同类业 务比例 | 预计额度 | | 中国三峡新能源（集团）股份有限公司 及其控股子公司 | 销售商品 | 51,880 | 1.35% | 603,081 | 该议案尚需提交公司股东会审议，关联股东中国三峡新能源（集 团）股份有限公司（下称"三峡能源"） ...

GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. * 金風科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 股份代號：02208 持續性關連交易 持續性關連交易 董事會在此宣佈，於2025年10月24日，公司與新疆風能就持續性關連交 易訂立2026年產品銷售框架協議。 上市規則之含義 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 截至本公告日，新疆風能為公司主要股東。根據上市規則，新疆風能為 公司關連人士，訂立2026年產品銷售框架協議構成公司與新疆風能的持 續性關連交易。 2026年產品銷售框架協議下截至2026年12月31日之持續性關連交易年度 上限所適用百分比率中，有一項或多項超過0.1%但低於5%，該等交易遵 守上市規則14A章下的公告及年檢規定，無須獨立股東批准。 * 僅供識別 1 1. 持續性關連交易 茲提述公司日期為2024年10月25日發佈之公告，內容有關2025年產品銷售框架協 議項下之持續性 ...