Group 1: Solid-State Battery Industry - The solid-state battery industrialization is progressing with support from policies, material advancements, and application developments. Key companies to watch include Xiamen Tungsten, Tianqi Lithium, and others in the supply chain [2][3] - Major developments include the mass production of semi-solid batteries by Zhuhai Guanyu and the upcoming solid-state battery projects by Yiyuan Lithium Energy and others [2] Group 2: Domestic Energy Storage Systems - The domestic energy storage system bidding capacity reached 47.2 GWh in August 2025, reflecting a year-on-year increase of 2158% and a month-on-month increase of 1142%. Cumulative bidding for the year reached 144.1 GWh, up approximately 216% year-on-year [3] - The high demand for energy storage systems indicates a strong need for new power systems in China, laying a foundation for stable market development in 2026-2027. Key companies include Sungrow Power, Yiyuan Lithium Energy, and others [3] Group 3: AIDC Power Equipment Sector - AIDC power equipment companies are expected to benefit from increased capital expenditures, with Alibaba reporting a capital expenditure of 38.7 billion yuan in Q2 2025, up 220% year-on-year [3][32] - The demand for data center construction remains strong, and companies like Jinpan Technology and New Special Electric are positioned to gain from this trend [3][32] Group 4: Power Grid Equipment Sector - Power grid equipment companies are experiencing steady growth, with major firms maintaining robust performance in the first half of 2025. A surge in high-voltage bidding is anticipated in the second half of the year [4][42] - Key companies to focus on include Guodian NARI, Siyi Electric, and others, as they expand their product offerings and international presence [4][42] Group 5: Wind Power Sector - Wind power companies are seeing simultaneous increases in volume and profit, with significant growth in both onshore and offshore projects expected in the latter half of 2025 [4][59] - Companies like Goldwind Technology and Dongfang Cable are recommended for investment as they are well-positioned to benefit from this growth [4][59] Group 6: Investment Recommendations - The report suggests monitoring the recovery of the power grid equipment sector, the progress of offshore wind projects, the advancement of solid-state battery industrialization, and the global demand for energy storage installations [4]

9月10日，大金重工跌5.03%，截至发稿，报39.99元/股，成交7.60亿元，换手率2.95%，总市值255.04亿 元。 资料显示，大金重工股份有限公司位于北京市东城区永定门外西滨河路8号院7号楼中海地产广场东塔 1102号，成立日期2003年9月22日，上市日期2010年10月15日，公司主营业务涉及风电塔架、火电锅炉 钢结构生产和销售。主营业务收入构成为：风电装备产品94.54%，新能源发电4.38%，其他1.07%。 从基金十大重仓股角度 数据显示，宝盈基金旗下1只基金重仓大金重工。宝盈鸿利收益混合A（213001）二季度减持7.66万股， 持有股数100.24万股，占基金净值比例为4.55%，位居第四大重仓股。根据测算，今日浮亏损失约 212.51万元。 宝盈鸿利收益混合A（213001）基金经理为张戈、侯嘉敏。 截至发稿，张戈累计任职时间11年148天，现任基金资产总规模17.79亿元，任职期间最佳基金回报 43.85%， 任职期间最差基金回报-1.28%。 侯嘉敏累计任职时间4年87天，现任基金资产总规模7.25亿元，任职期间最佳基金回报-9.49%， 任职期 间最差基金回报-54.88%。 ...

Group 1 - The company achieved strong performance in H1 2025, with operating revenue of 2.841 billion yuan, a year-on-year increase of 109.48%, and a net profit attributable to shareholders of 547 million yuan, up 214.32% [1] - The company reported a net profit of 316 million yuan in Q2 2025, reflecting a year-on-year growth of 161.04% and a quarter-on-quarter increase of 36.63% [1] Group 2 - The European offshore wind auction market is experiencing a high growth cycle, with a total global auction capacity of 56.3 GW in 2024, of which Europe contributes 23.2 GW [2] - The company expects significant demand from upcoming auctions in 2025, including the UK AR7 auction and others in Denmark, Poland, and France, which will translate into installation demand and orders [2][3] Group 3 - The company has secured nearly 3 billion yuan in orders since 2025, with total overseas offshore orders exceeding 10 billion yuan, primarily focused on projects in the North Sea and the Baltic Sea [3] - The company’s overseas delivery volume has more than doubled in H1 2025, with export revenue accounting for nearly 80% of total revenue, reflecting a year-on-year growth of nearly 200% [3] Group 4 - The company is transitioning from a product supplier to a system service provider, expanding its service range to include special transportation, shipbuilding, and offshore wind farm operations [4] - The company has successfully developed three specialized vessels for offshore wind equipment transportation and is set to launch its first two self-built large deck transport vessels in 2025 [4] Group 5 - The company is deepening its involvement in floating wind projects, with expectations for commercial viability by 2029 and a projected global installed capacity of 19 GW by 2034 [5] - The company is actively participating in multiple floating foundation project bids in Europe and has established a global floating wind center in Madrid [5] Group 6 - The company’s shift to a DAP delivery model and the establishment of its logistics system are expected to enhance its product profitability and overall supply capabilities [6][7] - The company is well-positioned to maintain its leading position in the offshore market due to favorable overseas demand and product advantages [7] Group 7 - The company has revised its revenue forecasts upward for 2025, 2026, and 2027, with expected revenues of 6.064 billion, 8.021 billion, and 10.431 billion yuan respectively, reflecting year-on-year growth rates of 60.5%, 32.3%, and 30.1% [9] - The net profit forecasts for the same years have also been increased, with expected profits of 1.102 billion, 1.509 billion, and 1.988 billion yuan, indicating significant growth potential [9]

Investment Rating - The investment rating for the company is "Buy" [5] Core Views - The company has shown strong performance in H1 2025, achieving a revenue of 2.841 billion yuan, a year-on-year increase of 109.48%, and a net profit of 547 million yuan, up 214.32% year-on-year, with a record high in non-recurring net profit [1][2] - The European offshore wind auction market is experiencing a high boom, with the company benefiting from abundant orders and expected delivery growth [2][3] - The company is transitioning from a product supplier to a system service provider, expanding its service range to include specialized shipping, shipbuilding, and offshore wind power operations, which is expected to create new growth curves [4][9] Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 2.841 billion yuan, a year-on-year increase of 109.48%, and a net profit of 547 million yuan, up 214.32% year-on-year [1] - The non-recurring net profit reached 563 million yuan, marking a 250.48% increase year-on-year, the highest for the same period in history [1] Market Outlook - The global offshore wind auction volume reached a historical high of 56.3GW in 2024, with Europe contributing 23.2GW [2] - The company has secured nearly 3 billion yuan in orders since 2025, with overseas offshore wind orders growing rapidly, covering multiple offshore wind projects in Europe [3] Strategic Initiatives - The company is actively transforming into a system service provider, expanding into specialized shipping and shipbuilding, and has successfully developed three specialized ship types for offshore wind equipment transportation [4][9] - The company has signed a contract for the construction of a 23,000 DWT heavy-duty wind power deck transport ship, expected to be delivered in 2027 [8] Growth Projections - The company expects to see continued growth in overseas deliveries, with a projected increase in offshore wind delivery volumes from 2025 to 2027 [3] - The revenue forecasts for 2025, 2026, and 2027 have been revised upwards, with expected revenues of 6.064 billion yuan, 8.021 billion yuan, and 10.431 billion yuan respectively, reflecting strong growth rates [11]

证券代码：002487 证券简称：大金重工 公告编号：2025-059 大金重工股份有限公司 关于提供担保的进展公告 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。 大金重工股份有限公司（以下简称"公司"）于 2025 年 1 月 3 日召开了第 五届董事会第十七次会议、2025 年 1 月 20 日召开了 2025 年第一次临时股东大 会，审议通过了《关于 2025 年度公司及子公司向银行申请授信额度及提供担保 额度预计的议案》，同意 2025 年度公司与下属子公司互相提供担保额度总计不 超过 200 亿元。担保范围包括但不限于申请综合授信（包括贷款、银行承兑汇票、 信用证、保函等信用品种）、借款、融资租赁等融资或开展其他日常经营业务等。 担保方式包括但不限于连带责任担保、抵（质）押担保等方式。上述担保额度的 有效期自公司股东大会审议通过之日起 12 个月之内有效，具体内容详见公司于 巨潮资讯网（www.cninfo.com.cn）上刊登的《关于 2025 年度公司及子公司向银 行申请授信额度及提供担保额度预计的公告》（公告编号：2025-005）。公司股 ...

证券日报网讯大金重工（002487）9月8日在互动平台回答投资者提问时表示，截至2025年8月29日，公 司股东户数为49468户。 ...

Core Viewpoint - The company is actively involved in multiple offshore wind power projects in China and is strategically positioning itself with the establishment of the Caofeidian global deep-sea offshore engineering base, showcasing its comprehensive manufacturing capabilities for advanced floating foundations, jacket structures, and monopiles for offshore wind foundations [1] Group 1 - The company is participating in various domestic offshore wind power projects [1] - The company has a forward-looking layout for the Caofeidian global deep-sea offshore engineering base [1] - The company possesses comprehensive manufacturing capabilities for products used in deep-sea operational environments [1]

证券日报网讯 大金重工9月8日在互动平台回答投资者提问时表示，公司前瞻性布局并聚焦"海外海上战 略"，基于全球风电及海工市场未来十年的发展趋势，战略性布局环渤海湾三大国际海工基地：山东蓬 莱海工基地、曹妃甸深远海海工基地和盘锦造船基地，为全球海上风电市场特别是欧洲海风电项目提供 大海工装备的制造与海运一站式服务。产能规划是公司基于不同业务板块长期发展的系统性布局，公司 在实际经营中也始终秉持并用经营结果践行了"破内卷、防风险、高质量发展"的经营策略，根据对市场 的分析和研判来规划产能建设节奏。 （编辑 王雪儿） ...

Core Viewpoint - The company, Dajin Heavy Industry, is experiencing significant growth in the offshore wind power equipment sector, particularly in the European market, despite a decline in overall revenue. The strategic shift towards high-value export products has led to increased profitability and a strong market position [3][6][9]. Group 1: Company Overview - Dajin Heavy Industry, established in 2003 and headquartered in Beijing, is the first publicly listed company in China focused on wind power equipment manufacturing [3]. - The company specializes in a wide range of wind power equipment, including conventional land towers, large-diameter segmented land towers, low-wind flexible high towers, offshore towers, and related components [3]. - Dajin Heavy Industry has become a strategic supplier for many high-quality clients in the industry, positioning itself among the top tier of global wind power equipment manufacturers [3]. Group 2: Financial Performance - In 2024, the company's total revenue was 3.78 billion yuan, a year-on-year decrease of 12.61%, while net profit attributable to shareholders reached 474 million yuan, an increase of 11.46% [6]. - The decline in revenue is attributed to a strategic reduction in domestic business with lower profitability and higher payment risks, while benefiting from high-margin export products [6]. - The company's overseas revenue in 2024 was 1.733 billion yuan, accounting for nearly 50% of the wind power equipment segment's revenue, with gross margin at 29.83%, up 6.59 percentage points year-on-year [6]. Group 3: Market Position and Future Outlook - In the first quarter of 2025, the company reported a revenue of 1.141 billion yuan, a year-on-year increase of 146.36%, and a net profit of 231 million yuan, up 335.91% [6]. - By mid-2025, the company achieved a revenue of 2.841 billion yuan and a net profit of 547 million yuan, representing year-on-year increases of 109.48% and 214.32%, respectively [6]. - The company has secured nearly 3 billion yuan in contracts for heavy deck transport ship construction, marking a breakthrough in global logistics and further reducing export costs [9]. - Analysts project that the company's net profit will reach 1.05 billion yuan, 1.37 billion yuan, and 1.76 billion yuan in 2025, 2026, and 2027, respectively, indicating a strong growth trajectory [9].

Market Performance - The marine economy sector increased by 2.07% on September 5, with Daikin Heavy Industries leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Top Gainers in Marine Economy Sector - Daikin Heavy Industries (002487) closed at 39.78, up 10.01% with a trading volume of 395,500 shares and a transaction value of 1.531 billion [1] - Other notable gainers include: - Liangyun Co., Ltd. (300648) at 48.08, up 6.00% [1] - Zhongda Technology (600522) at 16.29, up 5.37% [1] - Jindun Co., Ltd. (300411) at 13.39, up 4.04% [1] Market Capital Flow - The marine economy sector saw a net inflow of 927 million in main funds, while retail funds experienced a net outflow of 393 million [2] - The main funds' net inflow and outflow for selected stocks include: - China Shipbuilding (600150) with a net inflow of 649 million [3] - Daikin Heavy Industries (002487) with a net inflow of 219 million [3] Notable Decliners - Three-Dimensional Communication (002115) decreased by 7.92% to 11.05, with a trading volume of 3.1039 million shares [2] - Other decliners include: - Deepwater Regulation Institute (301038) down 5.46% [2] - Shiyan Institute (300732) down 1.00% [2]