光大证券发布研报称，截至25年6月底，金风科技在手外部订单共51.8GW，同比+45.58%，风机及零部 件销售毛利率同比+4.22pct，以上数据表明风电行业景气度整体较好，整机企业盈利亦持续改善。该行 认为在风电整机公司的中报和三季报中，风机毛利率是关键指标，若其持续改善，或将成为行情重要催 化剂。此外，汇丰研究指出，相信尽管利润率相对离岸及海外市场较低的中国内地陆上风电产品订单交 付下半年占比增加，但金风科技制造业务的基本面将继续改善，主要由于未来几年利润率较高的强劲海 外订单。 智通财经APP获悉，金风科技(02208)再涨超3%，截至发稿，涨3.05%，报9.84港元，成交额7927.27万港 元。 消息面上，近日，金风科技发布截至2025年6月30日止6个月中期业绩，该集团取得收入人民币 284.94亿元(单位下同)，同比增加41.46%；公司股东应占利润14.88亿元，同比增加7.26%；每股盈利 0.34元。报告期内，公司风力发电机组及零部件销售收入为218.52亿元，同比增长 71.15%，占公司营业 收入的比重为76.69%；2025年1-6月实现机组对外销售容量10,641.44MW，同 ...

金风科技（002202）(02208)再涨超3%，截至发稿，涨3.05%，报9.84港元，成交额7927.27万港元。 光大证券发布研报称，截至25年6月底，金风科技在手外部订单共51.8GW，同比+45.58%，风机及零部 件销售毛利率同比+4.22pct，以上数据表明风电行业景气度整体较好，整机企业盈利亦持续改善。该行 认为在风电整机公司的中报和三季报中，风机毛利率是关键指标，若其持续改善，或将成为行情重要催 化剂。此外，汇丰研究指出，相信尽管利润率相对离岸及海外市场较低的中国内地陆上风电产品订单交 付下半年占比增加，但金风科技制造业务的基本面将继续改善，主要由于未来几年利润率较高的强劲海 外订单。 消息面上，近日，金风科技发布截至2025年6月30日止6个月中期业绩，该集团取得收入人民币284.94亿 元(单位下同)，同比增加41.46%；公司股东应占利润14.88亿元，同比增加7.26%；每股盈利0.34元。报 告期内，公司风力发电机组及零部件销售收入为218.52亿元，同比增长71.15%，占公司营业收入的比重 为76.69%；2025年1-6月实现机组对外销售容量10,641.44MW，同比增长1 ...

其中，易方达稀土ETF以60.28%的收益率领跑。紧随其后，稀土ETF富国、华泰柏瑞稀土ETF、稀土 ETF嘉实年内收益率依次为59.33%、59.21%、58.26%。 拉长时间看，Wind数据显示，截至8月25日，年初以来，中证稀土产业指数年内已涨68.31%。从相关产 品的年内收益率看，截至8月22日，全市场4只稀土主题ETF收益率均超58%。 除了ETF，稀土ETF嘉实发起式联接基金A/C、华泰柏瑞稀土ETF发起式联接基金A/C共4只ETF联接基金 （份额分开计算）的收益率也均超53%，依次为54.22%、54.13%、53.46%、53.2%。 北京商报讯（记者 郝彦）沪指再次冲高之际，A股稀土板块成为市场最耀眼的"明星"。8月25日，Wind 数据显示，沪指再创十年来新高，收涨1.51%，报收3883.56点。板块方面，稀土板块爆发，涨幅居前。 截至收盘，中证稀土产业指数已涨6.46%，报收2664.94点，成分股中，金力永磁"20cm"涨停，大地熊涨 超11%，同期，金风科技、中钢天源、领益智造、包钢股份也悉数"10cm"涨停。 稀土板块集体大涨的背景下，多只稀土ETF也迎来飙涨。Wind数据显 ...

Market Performance - A-shares saw a collective rise in the three major indices, with a total trading volume of 3.18 trillion yuan, significantly up by over 590 billion yuan compared to the previous trading day, marking the second-highest trading volume in history [1][2] - More than 3,300 stocks closed higher, with 92 stocks hitting the daily limit up [1] Historical Highs - A total of 127 stocks reached their historical closing highs, with the electronics, machinery equipment, and automotive sectors showing a concentration of stocks at new highs, with 25, 18, and 13 stocks respectively [2] - The average increase for stocks that reached historical highs was 6.88%, with notable limit-up stocks including Zhonghang Taida, Kede Education, and Jinli Permanent Magnet [2] Notable Stocks - Jinli Permanent Magnet closed at 36.36 yuan, up 20%, with a net institutional buy of 142.39 million yuan, leading the net buying list [5][6] - Other significant stocks included Robotech, which also saw a 20% increase, and a net institutional buy of 140.15 million yuan [5][6] - The top net selling stock was Goldwind Technology, with a net sell of 378.43 million yuan [8] Institutional Activity - In the dragon and tiger list, 12 stocks had net purchases exceeding 10 million yuan, with Jinli Permanent Magnet and Robotech being the top two [5][6] - Northbound funds saw net purchases in 17 stocks, with the highest being Zhonghang Online at 299 million yuan [7] Company Announcements - Tuowei Information reported a net profit of 78.81 million yuan for the first half of the year, a year-on-year increase of 2263% [11] - Qiming Information announced a net profit growth of 2569% year-on-year [11] - Yatai Technology plans to invest 2.1 billion yuan in a lightweight aluminum material production line project [11] - Other companies like Kailaiying and Sunshine Power also reported significant profit increases, with year-on-year growth of 23.71% and 55.97% respectively [11]

Group 1 - The core point of the news highlights that Jin Feng Technology experienced a significant sell-off, with institutional investors net selling 37,843.88 million yuan, marking a 10.04% decline in its closing price [1] - Jin Feng Technology was among the top five securities with a price deviation of 7%, indicating notable volatility in its trading activity [1] - The total trading volume for Jin Feng Technology reached 224,108.51 million yuan, with institutional net selling accounting for 16.89% of the total trading volume [1] Group 2 - The top five buying institutions included Guangfa Securities, which accounted for 53.85% of the total buying amount, totaling 23,561.96 million yuan [3] - The largest selling amount came from institutional proprietary trading, which sold 31,967.12 million yuan, representing 44.89% of the total selling amount [3] - The overall buying and selling totals for the top five institutions showed a combined buying amount of 57,889.70 million yuan and a selling amount of 52,201.64 million yuan, indicating a net buying position [3]

Market Overview - On August 25, the Shanghai Composite Index rose by 1.51%, the Shenzhen Component Index increased by 2.26%, and the ChiNext Index climbed by 3% [1] - A total of 54 stocks appeared on the daily trading list, with the highest net inflow of funds into Dongfang Precision (002611.SZ), amounting to 717 million yuan [1][4] Stock Performance - Dongfang Precision saw a closing price increase of 10.01% with a turnover rate of 20.8%, and it accounted for 17.4% of the total trading volume [1][2] - Other notable stocks included: - Jinli Permanent Magnet (300748.SZ) with a 20% increase and a net buy of 604.59 million yuan [2][7] - Zhongwen Online (300364.SZ) with a 20.01% increase and a net buy of 550.15 million yuan [2] - Robotech (300757.SZ) also increased by 20% with a net buy of 38.71 million yuan [2] Net Inflows and Outflows - Among the 54 stocks, 31 were net bought while 23 were net sold [1] - The stock with the highest net outflow was Chuanrun Co. (002272.SZ), with a net sell of 279 million yuan, representing 6.16% of its total trading volume [4][6] - Institutional investors were net buyers of 16 stocks and net sellers of 13 stocks, with a total net outflow of 366 million yuan [6] Northbound Capital Activity - Northbound capital participated in 28 stocks, with a total net buy of 870 million yuan [10] - The stock with the highest net buy from northbound capital was Zhongwen Online (300364.SZ), with a net buy of 299 million yuan [10] - The stock with the highest net sell was Huasheng Tiancheng (600410.SH), amounting to 198 million yuan [10] Institutional and Northbound Capital Trends - Both institutional and northbound capital jointly net bought stocks such as Jinli Permanent Magnet, Robotech, and New Henghui [13] - Discrepancies were noted in stocks like Jin Feng Technology, where institutions net sold 378 million yuan while northbound capital net bought 9.09 million yuan [13]

其中，易方达稀土ETF以60.28%的收益率领跑。紧随其后，稀土ETF富国、华泰柏瑞稀土ETF、稀土 ETF嘉实年内收益率依次为59.33%、59.21%、58.26%。 除了ETF，稀土ETF嘉实发起式联接基金A/C、华泰柏瑞稀土ETF发起式联接基金A/C共4只ETF联接基金 （份额分开计算）的收益率也均超53%，依次为54.22%、54.13%、53.46%、53.2%。 亮眼的业绩表现也吸引了资金涌入。截至8月25日收盘，稀土主题ETF近一周获资金净流入超10亿元。 具体来看，稀土ETF嘉实近一周获净流入最多，达5.38亿元，华泰柏瑞稀土ETF、稀土ETF富国、稀土 ETF易方达的同期净流入则分别为3.05亿元、1.06亿元、0.66亿元。 北京商报讯（记者 郝彦）沪指再次冲高之际，A股稀土板块成为市场最耀眼的"明星"。8月25日，Wind 数据显示，沪指再创十年来新高，收涨1.51%，报收3883.56点。板块方面，稀土板块爆发，涨幅居前。 截至收盘，中证稀土产业指数已涨6.46%，报收2664.94点，成分股中，金力永磁"20cm"涨停，大地熊涨 超11%，同期，金风科技、中钢天源、领益智造、包钢股 ...

Investment Rating - The report maintains a "Recommended" investment rating for the renewable energy sector, indicating a positive outlook for the industry [7]. Core Insights - The report highlights significant improvements in the performance of the renewable energy sector, particularly in the photovoltaic (PV) and wind power segments, driven by national strategic initiatives aimed at reducing competition and enhancing industry stability [4][5]. - The photovoltaic industry is currently at the bottom of its cycle, with future policy measures expected to be critical in shaping the industry's trajectory towards high-quality development [4]. - The wind power sector is experiencing a favorable supply-demand structure, with increasing profitability among companies, particularly in offshore wind projects [4]. Weekly Market Review - From August 18 to August 22, 2025, the Shanghai Composite Index rose by 3.49%, while the Shenzhen Component Index and the ChiNext Index increased by 4.57% and 5.85%, respectively. The Shenwan Electric Power Equipment Index rose by 2.28%, underperforming the CSI 300 by 1.90 percentage points [2][13]. - Within sub-sectors, photovoltaic equipment saw a rise of 3.47%, while wind power equipment decreased by 0.90% [2][13]. Key Sector Tracking - Longi Green Energy reported a revenue of 32.8 billion yuan for the first half of 2025, a decline of 14.83% year-on-year, with a net loss of 2.569 billion yuan, significantly reduced from a loss of 5.23 billion yuan in the same period last year [3][34]. - The report emphasizes the importance of government subsidies and the impact of market pricing on operational losses within the photovoltaic sector [3][34]. Investment Recommendations - For the photovoltaic sector, the report suggests focusing on companies with clear alpha potential in the silicon material, glass, and battery segments, as well as new technologies and leading manufacturers [4]. - In the wind power sector, the report recommends attention to companies with strong performance in offshore wind projects and related supply chains, such as Goldwind Technology and Orient Cable [4]. Industry Performance Data - The report notes that the cumulative installed capacity of new energy storage in China reached 101.3 GW by mid-2025, marking a year-on-year growth of 110% [22]. - The average utilization hours of power generation equipment decreased by 188 hours compared to the previous year, indicating challenges in the overall energy market [26]. Company Announcements - EVE Energy reported a revenue increase of 30.06% year-on-year for the first half of 2025, driven by strong performance in both power and energy storage battery segments [24]. - JA Solar's net loss narrowed significantly, reflecting improved operational efficiency and market conditions [24]. Price Trends - The report provides insights into the price trends of key materials in the industry, including polysilicon and battery cells, indicating a general upward trend in prices due to supply constraints and increased demand [22][23].

6MW及以上机型招标量占比保持在较高水平。 公司2025年上半年财务业绩情况？ 2025年上半年，公司实现营业收入人民币28,537,097,264.35元，归属母公 司净利润人民币1,487,542,447.03元；基本每股收益0.3421元/股，加权平 均净资产收益率为3.85%。 2025年上半年公司风机产品销售情况？ 答：2025年上半年实现对外销售机组容量10,641.44MW，同比上升106.60%， 其中：6MW及以上销售容量8,671.59MW，占比81.5%；4MW（含）-6MW销售容 量1,947.35MW，占比18.3%；4MW以下销售容量22.50MW，占比0.2%。 2025年6月末，公司风机在手订单情况？ 答：截至2025年6月30日，外部待执行订单总量为41,395.88MW，分别为： 4MW以下机组601.12MW，4MW(含）-6MW机组6,712.13MW，6MW及以上机组 34,082.63MW；公司外部中标未签订单为10,415.59MW，包括4MW(含）-6MW 机组1,155.60MW，6MW及以上机组9,259.99MW；公司在手外部订单共计 51,811.47M ...

盘后数据显示，8月25日龙虎榜中，共33只个股出现了机构的身影，17只股票呈现机构净买入，16只股 票呈现机构净卖出。 J I TU lt17JJ1日— = 111 JUNUS -37843.88 10.04% 金风科技 歌劇 & 點 點 點 點 點 點 點 點 點 點 點 第二财经 当天机构净买入前三的股票分别是兆易创新、金力永磁、罗博特科，净买入金额分别是17.99亿元、1.42 亿元、1.40亿元。 | 形泡杆仅 | -0.3570 | 2414.00 | | --- | --- | --- | | 远东股份 | 10.03% | 1393.66 | | 能之光 | -5.27% | 859.06 | | 宸展光电 | -9.99% | 691.36 | | 方盛股份 | -0.58% | 268.97 | | 奔朗新材 | 7.20% | 113.49 | | 漳州发展 | 9.97% | -12.18 | | 美好医疗 | 14.49% | -2202.51 | | 天津普林 | -10.00% | -2219.11 | | 汇嘉时代 | 5.24% | -2310.61 | | 科创信息 | -5 ...