股票代码：002202 股票简称：金风科技 公告编号：2024-084 金风科技股份有限公司 关于调整 2024 年限制性股票激励计划 相关事项的公告 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。 金风科技（以下简称"公司"）于 2024 年 12 月 13 日召开第八 届董事会第二十八次会议、第八届监事会第十四次会议，审议通过了 《关于调整 2024 年限制性股票激励计划相关事项的议案》。根据公 司《2024 年限制性股票激励计划（草案）》（以下简称"《激励计划 （草案）》"或"本次激励计划"）的规定和公司 2024 第四次临时 股东大会的授权，公司董事会对本次激励计划的激励对象名单及授予 数量进行了调整。现将有关事项说明如下： 一、本次激励计划已履行的决策程序和信息披露情况 1、2024 年 9 月 19 日，公司召开第八届董事会薪酬与考核委员 会第八次会议，审议通过了《关于公司<2024 年限制性股票激励计划 （草案）>及其摘要的议案》《关于公司<2024 年限制性股票激励计 划实施考核管理办法>的议案》，并提交董事会审议。 2、2024 年 9 月 ...

上海荣正企业咨询服务（集团）股份有限公司 关于 金风科技股份有限公司 2024 年限制性股票激励计划 首次授予相关事项 之 独立财务顾问报告 2024 年 12 月 | 一、释义 | 3 | | --- | --- | | 二、声明 | 5 | | 三、基本假设 | 6 | | 四、独立财务顾问意见 | 7 | | 五、备查文件及咨询方式 | 12 | 一、释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | 金风科技、本公司、公 | 指 | 金风科技股份有限公司 | | --- | --- | --- | | 司、上市公司 | | | | 限制性股票激励计划、本 | 指 | 金风科技股份有限公司 年限制性股票激励计划 2024 | | 次激励计划、本计划 | | | | 本独立财务顾问 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 本独立财务顾问报告 | | 上海荣正企业咨询服务（集团）股份有限公司关于金风科技 | | | 指 | 股份有限公司 年限制性股票激励计划首次授予相关事 2024 | | | | 项之独立财务顾问报告 | | 限制性股票 | 指 | 公司根据本次激励 ...

Investment Rating - The report initiates coverage with a "Buy" rating for Goldwind Technology (002202) [4]. Core Views - Goldwind Technology has a long history and has successfully navigated multiple industry cycles, demonstrating its ability to maintain profitability even during downturns [19][23]. - The company has diversified its revenue streams, expanding from wind turbine manufacturing to wind farm investment and development, as well as wind power services [19][23]. - The domestic wind turbine market is becoming increasingly concentrated, with leading companies expected to benefit more from this trend [19][23]. - The company has a robust order backlog, with external orders amounting to 41.38GW as of Q3 2024, supporting its market share growth [19][23]. Summary by Sections Company History and Performance - Goldwind Technology was established in 1998 and has undergone several transformations, with a clear ownership structure and significant state-owned shares [19]. - The company has shown a recovery in performance, with revenue from wind turbine sales at 329.37 billion yuan, accounting for 65.28% of total revenue in 2023 [19][23]. - In H1 2024, the company achieved a revenue of 202.02 billion yuan, reflecting a year-on-year increase of 6.32% [23]. Domestic Market Outlook - The domestic wind turbine bidding scale reached a historical high in 2024, with a total of 127.00GW, representing a year-on-year increase of 108.14% [36]. - The report anticipates that domestic wind power installations will continue to grow rapidly, with an expected new installation of 87.46GW in 2024 [50]. Global Market Trends - Globally, wind power installations are projected to grow significantly, with an expected increase from 117GW in 2023 to 178GW by 2028, representing a CAGR of 9% [55]. - The offshore wind sector is expected to see substantial growth, with new installations projected to rise from 11GW in 2023 to 33GW by 2028, indicating a CAGR of 25% [55]. Financial Projections - The company forecasts revenues of 606.03 billion yuan, 714.13 billion yuan, and 773.47 billion yuan for 2024, 2025, and 2026, respectively, with corresponding growth rates of 20.11%, 17.84%, and 8.31% [4][5]. - Net profits are projected to reach 27.35 billion yuan, 32.77 billion yuan, and 43.05 billion yuan for the same years, with growth rates of 105.45%, 19.83%, and 31.37% [4][5].

Investment Rating - The report initiates coverage with a "Buy" rating for Goldwind Technology (002202) [4]. Core Views - Goldwind Technology has a long history and has successfully navigated multiple industry cycles, demonstrating its ability to maintain profitability even during downturns. The company has diversified its revenue streams from wind turbine manufacturing to wind farm investment and development, as well as wind power services [1][19]. - The domestic wind turbine market is experiencing increasing concentration, with leading companies expected to benefit more. As of 2023, the market share of the top three wind turbine manufacturers (CR3) is 51.60%, showing a year-on-year increase of 0.64 percentage points [1]. - The company has a robust order backlog, with external orders amounting to 41.38 GW as of Q3 2024, which supports its market share growth [1][19]. Summary by Sections Company History and Performance - Goldwind Technology was established in 1998 and has undergone several transformations, with a clear shareholding structure. As of Q3 2024, state-owned enterprises hold 20.94% of the shares [19]. - The company has shown a recovery in performance, with a revenue of 202.02 billion yuan in H1 2024, a year-on-year increase of 6.32%. The net profit attributable to shareholders reached 13.87 billion yuan, up 10.83% year-on-year [23][19]. Domestic Market Outlook - The domestic wind turbine bidding scale reached a historical high in 2024, with a total of 127.00 GW, representing a year-on-year increase of 108.14%. The onshore wind turbine bidding is expected to reach around 130 GW in 2024 [36]. - The domestic wind power installed capacity is projected to grow rapidly, with an expected new installation of 87.46 GW in 2024, driven by both onshore and offshore wind projects [50]. Global Market Trends - Globally, wind power installations are expected to grow significantly, with total new installations projected to increase from 117 GW in 2023 to 178 GW by 2028, reflecting a CAGR of 9% [55]. - Offshore wind installations are anticipated to see substantial growth, with new capacity expected to rise from 11 GW in 2023 to 33 GW by 2028, indicating a CAGR of 25% [55]. Financial Projections - The company forecasts revenues of 606.03 billion yuan, 714.13 billion yuan, and 773.47 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 20.11%, 17.84%, and 8.31% [4][5]. - The net profit attributable to shareholders is projected to be 27.35 billion yuan, 32.77 billion yuan, and 43.05 billion yuan for the same years, with growth rates of 105.45%, 19.83%, and 31.37% [4][5].

股票代码：002202 股票简称：金风科技 公告编号：2024-081 金风科技股份有限公司 关于为全资子公司金风国际可再生能源和金风智利 提供担保的公告 一、担保情况概述 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。 特别提示： 本次拟担保的被担保对象之一 Goldwind Chile SpA 资产负债率 超过 70%，请投资者充分关注担保风险。 一、担保情况概述 金风科技的全资子公司金风国际控股（香港）有限公司（下称"金 风国际"）的全资子公司金风国际可再生能源有限公司（下称"金风国 际可再生能源"）和 Goldwind Chile SpA（下称"金风智利"）作为联合 供应商与法国新能源开发企业 Engie Energia Chile S.A.（下称"Engie"） 签署了《机组供货、安装及吊装协议》（下称"《供货合同》"）及《长 期运维协议》（下称"《运维合同》"），其中金风国际可再生能源作为 《供货合同》离岸供应商，负责上述合同中的机组供货以及中国港口 集港和海运工作；金风智利作为《供货合同》在岸供应商，负责智利 港口的接货，智利内陆运输和机组安装、 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 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) 呈交日期: 2024年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02208 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 773,572,399 | RMB | | 1 RMB | | 773,572,399 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 773,572,399 | RMB | | 1 RMB | | 773,572,399 | | 2. ...

股票代码：002202 股票简称：金风科技 公告编号：2024-080 金风科技股份有限公司 关于为全资子公司德国金风提供担保的公告 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。 金风科技股份有限公司（下称"公司"）的全资子公司 Goldwind Windenergy GmbH（德国金风风能有限责任公司，下称"德国金风"） 与奥地利能源公司 Energie Steiermark Green Power GmbH（下称"奥 地利能源公司"）签署《风机供货和安装协议》，由德国金风为其提供 基础施工和风机供货至项目现场、风机吊装、调试、试运行及缺陷责 任期的服务，德国金风将《风机供货和安装协议》转包给其控股子公 司 Vensys Energy AG (下称"Vensys")，由 Vensys 提供前述服务。 公司及 Vensys 分别与奥地利能源公司签署《债务承担协议》，共 同为德国金风在上述《风机供货和安装协议》项下的履约责任和义务 提供担保，担保金额为 93,240,000 欧元，折合人民币约为 706,749,876 元。 一、担保情况概述 本次《债务承担协 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to 35% [5][13]. Core Insights - The company's wind turbine business is gradually recovering, with a significant increase in orders and a positive trend in bidding prices, suggesting improved profitability in the coming years [5][7]. - The company has a robust order backlog, with a year-on-year increase of 40.5%, and is expected to achieve over 30% sales growth in 2025 [6][8]. - The report forecasts net profits for 2024, 2025, and 2026 to be RMB 22.5 billion, RMB 29.3 billion, and RMB 35.5 billion respectively, with corresponding EPS of RMB 0.53, RMB 0.69, and RMB 0.84 [8]. Company Overview - The company operates primarily in the electrical equipment industry, focusing on wind turbine manufacturing, wind farm development, and wind power services [2]. - As of November 22, 2024, the company's stock price is RMB 9.99, with a market capitalization of RMB 339.08 billion [2]. - The company has a diverse product portfolio, with 63.2% of revenue from wind turbine sales, 21.8% from wind farm development, and 11.8% from wind power services [2]. Financial Performance - The company reported a significant increase in public tender volume for wind turbines, up 93% year-on-year, reflecting strong demand in the wind power sector [5]. - The average bidding price for wind turbines has increased by over 20%, indicating a recovery in pricing and potential for improved margins [7]. - The report projects a gradual improvement in profitability, with expected P/E ratios for A-shares of 19.5, 15, and 12.4 for the years 2024, 2025, and 2026 respectively [8].

特别提示：本次拟担保的被担保对象Goldwind New Energy South Africa Proprietary Limited的资产负债率超过70%，请投资者充分关注 担保风险。 股票代码：002202 股票简称：金风科技 公告编号：2024-079 金风科技股份有限公司 关于为控股子公司金风新能源南非提供担保的公告 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。 一、担保情况概述 金风科技（下称"公司"）的全资子公司金风国际控股（香港）有 限公司（下称"金风国际"）的控股子公司 Goldwind New Energy South Africa Proprietary Limited（下称"金风新能源南非"）与南非能源企业 Mulilo De Aar 2 South Proprietary Limited (Rf)签署《风机供货及吊装 协议》及《运维服务合同》，由金风新能源南非为其提供风机的供货、 吊装以及运维服务。 金风科技、金风国际分别签署《母公司担保协议》，联合为金风 新能源南非在上述《风机供货及吊装协议》及《运维服务合同》项下 的履约及违约赔 ...

股票代码：002202 股票简称：金风科技 公告编号：2024-078 关于为控股子公司金风新能源南非提供担保的公告 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。 特别提示：本次拟担保的被担保对象Goldwind New Energy South Africa Proprietary Limited的资产负债率超过70%，请投资者充分关注 担保风险。 金风科技股份有限公司 一、担保情况概述 金风科技（下称"公司"）的全资子公司金风国际控股（香港）有 限公司（下称"金风国际"）的控股子公司 Goldwind New Energy South Africa Proprietary Limited（下称"金风新能源南非"）与南非能源企业 Karreebosch Wind Farm (Proprietary) Limited 签署《风机供货及吊装协 议》，由金风新能源南非为其提供风机的供货和吊装工作。 金风科技、金风国际分别签署《母公司担保协议》，联合为金风 新能源南非在上述《风机供货及吊装协议》项下的履约及违约赔偿责 任提供担保，担保金额折合人民币不超过 780, ...