本项目是大金重工在波罗的海区域交付的首个超大型单桩项目，采用 DAP 模式（目的地交货）交付。目前，公司已实现出口海工重大件全球 DAP 交付常 态化，通过为客户提供定制化、一体化端到端综合解决方案，打造"建造+海运 +交付"闭环，成功构建了全球独有的大金模式。 本项目的顺利交付，将对公司本年度经营业绩产生积极影响，并将为公司在 海外市场拓展更多区域海风项目、更多新型产品起到有力促进作用。 大金重工股份有限公司董事会 全部单桩产品到港交付完毕的自愿性披露公告 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"）全资子公司蓬莱大金海洋重工 有限公司（以下简称"蓬莱大金"）于 2024 年 9 月与欧洲某海工企业签署了《单 桩基础制造和供应合同》，蓬莱大金将为波罗的海地区某海上风电项目（以下简 称 "项目"或"本项目"）提供 10 根超大型单桩产品，根据合同约定，该笔订单将 于 2025 年交付完毕，该项目位于欧洲波罗的海地区，业主方为全球前五大能源 集团。具体内容详见公司在巨潮资讯网上披露的公告（编号 2024-039）。 近 ...

大金重工股份有限公司 2025 年半年度业绩预告 证券代码：002487 证券简称：大金重工 公告编号：2025-046 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、本期业绩预计情况 本次业绩预告是公司财务部门初步估算的结果，具体财务数据以公司正式 1、业绩预告期间：2025年1月1日—2025年6月30日。 2、业绩预告情况：□扭亏为盈 √同向上升 □同向下降 | 项目 | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 盈利：51,000万元—57,000万元 | | 盈利：17,387.04万元 | | | | 比上年同期增长： 193.32%— | 227.83% | | | | 扣除非经常性损益后归属于上 | 盈利： 52,000万元—58,000万元 | | 盈利：16,058.44万元 | | | 市公司股东的净利润 | 比上年同期增长：223.82%— | 261.18% | | | | 基本每股收益 | 盈利： 0.80元/股— | 0.89元/股 ...

Core Viewpoint - The successful delivery of 10 ultra-large monopile products by the company's wholly-owned subsidiary marks a significant achievement in the offshore engineering sector, positively impacting the company's annual performance and expanding its market presence in overseas offshore wind projects [1] Group 1 - The contract for the monopile foundation manufacturing and supply was signed with a European offshore engineering company [1] - All 10 monopile products were delivered within a timeframe of less than 10 months, making it the company's shortest delivery cycle for an offshore export project [1] - The successful completion of this project is expected to have a positive effect on the company's operating performance for the current year [1] Group 2 - The project is located in the Baltic Sea region of Europe, indicating the company's capability to engage in international projects [1] - The successful delivery is anticipated to facilitate the company's expansion into more regional offshore wind projects and new product offerings [1]

大金重工（002487）公告，2025年1月1日至2025年6月30日，预计归属于上市公司股东的净利润为5.1亿 元—5.7亿元，比上年同期的1.74亿元增长193.32%—227.83%。扣除非经常性损益后归属于上市公司股 东的净利润预计为5.2亿元—5.8亿元，比上年同期的1.61亿元增长223.82%—261.18%。基本每股收益预 计为0.8元/股—0.89元/股。公司业绩增长主要得益于全球化战略布局的深入推进，海外业务实现突破性 增长。 ...

Group 1 - The wind power equipment sector continues to decline, with Jixin Technology (601218) dropping nearly 10% [1] - Taisheng Wind Power (300129) has seen a decline of over 4% [1] - Other companies such as Dajin Heavy Industry (002487), Yunda Holdings (002120), and Jinlei Co., Ltd. (300443) also experienced declines [1]

Core Viewpoint - The A-share market is expected to show upward momentum in July, with a focus on technology and non-bank sectors as potential outperformers due to improved earnings prospects and the upcoming half-year report disclosure period [2][3]. Group 1: Market Outlook - The market is likely to experience a bullish trend, with the Shanghai Composite Index potentially breaking through last year's high, although it may face short-term fluctuations within the 3440-3500 range [3]. - Financial stocks are seen as a driving force for the index's upward movement, paving the way for growth sectors to perform well [3]. - Analysts expect that the upcoming earnings season will favor sectors with strong performance, particularly steel, computer, electric equipment, and defense industries, which have relatively high growth expectations [3]. Group 2: Stock Recommendations - A total of 40 brokerages have released their July stock picks, encompassing 260 stocks, with several stocks being recommended by multiple brokerages [3]. - The electronics sector remains the most recommended, with 45 companies included in the July stock picks, marking an increase of 11 from the previous month [7]. - Other sectors with significant representation include machinery, pharmaceuticals, electric equipment, and basic chemicals, each with over 20 companies recommended [7]. Group 3: Notable Stocks - The most recommended stocks include Kayi Network, Muyuan Foods, and Zijin Mining, each endorsed by five brokerages [10]. - Notably, Zijin Mining is a long-term holding of prominent investor Deng Xiaofeng, with a market value close to 6.5 billion yuan as of the first quarter of 2025 [10]. - Stocks with a significant reduction in shareholder accounts, indicating increased concentration of ownership, include Dongshan Precision, which saw a 42% decrease in shareholder accounts since the beginning of the year [15]. Group 4: Sector Focus - The power equipment sector has gained attention, with 16 stocks from this sector being highlighted, particularly in the areas of photovoltaic, wind power, and solid-state batteries [21][22]. - The wind power sector, benefiting from recent "marine economy" news, has shown strong performance, with stocks like Dajin Heavy Industry rising over 60% in the first half of the year [22].

Investment Rating - The investment rating for the electric equipment and new energy industry is "Outperform the Market" (maintained) [1] Core Insights - The offshore wind power projects in Zhejiang province are accelerating, with 13GW of projects' products and services being opened for bidding [1] - Six regions have released new mechanism electricity price policies, indicating a higher proportion of market-oriented transactions; no new mechanism electricity projects are planned for Inner Mongolia East and West [1] - Huadian New Energy plans to raise 18 billion RMB through an IPO, targeting investments in 11.3GW of photovoltaic and 3.9GW of wind power [1] - The national plan during the 14th Five-Year Plan period includes 253GW of photovoltaic projects for desertification control [1] - Powin, a leading U.S. energy storage integrator, has filed for Chapter 11 bankruptcy protection [1][5] Summary by Sections Offshore Wind Power - Zhejiang's deep-sea development is accelerating, with multiple offshore wind farm projects announced, including a 5000MW project and others totaling 4000MW and 2000MW [2] Photovoltaic - Six regions have issued new mechanism electricity price policies, significantly increasing the market-oriented transaction ratio and raising revenue uncertainty [3] - Huadian New Energy's IPO aims to raise 18 billion RMB for various projects, including 8.5GW of centralized photovoltaic and 3.88GW of wind power [3] National Planning - The national plan for the 14th Five-Year Plan period includes a target of 253GW of photovoltaic installations to combat desertification by 2030 [4] Energy Storage - Powin, a major player in the U.S. energy storage market, has filed for bankruptcy, affecting several Chinese companies that are among its largest unsecured creditors [5] Company Profit Forecasts - Key companies' profit forecasts indicate varying growth, with Daikin Heavy Industries projected to achieve a net profit of 4.7 billion RMB in 2024, while Dongfang Cable is expected to reach 10.1 billion RMB [7]

Investment Rating - The report maintains a "Buy" rating for key companies in the electric equipment and new energy sectors, including CATL, Keda, and others [5]. Core Insights - The electric equipment and new energy sector saw a weekly increase of 5.11%, outperforming the Shanghai Composite Index, with the new energy vehicle index rising by 6.53% [1]. - In the photovoltaic sector, domestic installations reached 197.85 GW from January to May 2025, a year-on-year increase of 149.97% [3][30]. - The report highlights a significant investment growth in power grid projects, with a 19.8% year-on-year increase in investment from January to May 2025 [4][44]. Summary by Sections New Energy Vehicles - Xiaomi launched its first luxury high-performance SUV, the YU7, featuring advanced design and technology, including a 22000rpm motor and a 3.23-second acceleration time [2][10]. - The vehicle's interior is designed for comfort, with high-quality materials and advanced noise reduction features [10][15]. Photovoltaic Sector - The report notes a substantial increase in photovoltaic installations, with May 2025 alone contributing 92.92 GW, marking a 388.03% year-on-year increase [3][30]. - The report anticipates a potential decline in new installations due to changes in grid connection policies and market pricing [3][30]. - The photovoltaic supply chain is experiencing price declines, particularly in silicon materials and components [33][34]. Electric Equipment and Industrial Control - National statistics indicate that the average utilization of power generation equipment was 1249 hours from January to May 2025, a decrease of 132 hours year-on-year [4][44]. - Investment in power grid projects reached 2040 billion yuan, reflecting a 19.8% increase compared to the previous year [4][44]. - The report emphasizes the importance of monitoring key companies such as CATL, Keda, and others for potential investment opportunities [4][44].

Investment Rating - Maintain "Buy" rating for major companies in the offshore wind sector, including 大金重工 and 明阳智能, while maintaining "Hold" for 东方电缆 and 天顺风能 [7] Core Insights - The offshore wind market is entering a growth cycle, particularly in Europe, with expected installations of 4.5GW and 8.4GW in 2025 and 2026 respectively, driven by favorable policies and declining material costs [1][11] - The demand for subsea cables is surging due to the high growth in offshore wind and electricity interconnection projects, with a projected CAGR of 27% for global offshore wind installations from 2024 to 2030 [2] - The European offshore wind foundation market is experiencing a price increase due to local capacity shortages, with prices for single piles expected to rise by 13% and 10% in 2023 and 2024 respectively [3] Summary by Sections Demand - Europe is set to see significant growth in offshore wind installations, with a total of 48.36GW expected from 2025 to 2030, primarily driven by the UK, Germany, Poland, and the Netherlands [14] - The European Union has updated its offshore wind capacity targets to 111GW by 2030 and 317GW by 2050, indicating strong policy support for the sector [16] Subsea Cables - The demand for subsea cables is expected to rise sharply due to the increasing need for offshore wind and electricity interconnection, with a capital expenditure plan of €400 billion by ENTSO-E for renewable integration by 2050 [2] Offshore Wind Foundations - The local production capacity for offshore wind foundations in Europe is expected to become tight around 2027, leading to price increases as demand outstrips supply [3] Wind Turbines - Chinese wind turbine manufacturers, such as 明阳智能, are entering the European market with a significant price advantage, being 19-24% cheaper than Western counterparts [3] - 明阳智能 has secured a 270MW project in Germany, showcasing its competitive edge in the European offshore wind market [3] Investment Recommendations - Companies like 东方电缆 and 中天科技 are well-positioned to benefit from the local capacity shortages in Europe, while 大金重工 is expected to see strong order fulfillment and performance [4]

Core Viewpoint - The company, Dajin Heavy Industry, is taking a significant step in its internationalization process by planning to issue H-shares and list on the Hong Kong Stock Exchange, aiming to enhance its global strategy and competitiveness in the offshore wind power sector [1][3]. Group 1: International Expansion - Dajin Heavy Industry has been focusing on emerging offshore wind markets in Europe, Japan, Southeast Asia, and Australia, leading to a notable increase in its global market share [1][3]. - The company aims to achieve the largest market share in the offshore wind sector among major developed economies within the next 3 to 5 years [2]. Group 2: Financial Performance - In 2024, Dajin Heavy Industry reported an export revenue of 1.733 billion yuan, accounting for 45.85% of its total revenue [2]. - The company has shown a consistent increase in export revenue from 838 million yuan in 2022 to 1.733 billion yuan in 2024, with corresponding revenue shares rising from 16.41% to 45.85% [3]. - In 2024, the company reversed a two-year decline in profitability, achieving a net profit of 474 million yuan, a year-on-year increase of 11.46% [5]. - In Q1 2025, the company continued its strong performance with a revenue of 1.141 billion yuan, a year-on-year growth of 146.36%, and a net profit of 231 million yuan, up 335.91% [5]. Group 3: Strategic Investments - The funds raised from the H-share listing will primarily be used for technological innovation, capacity expansion, market development, and strategic investments in the global offshore sector [3]. - Dajin Heavy Industry has signed significant contracts for offshore wind projects in Europe, with contract values of approximately 1.35 billion yuan and 1 billion yuan, representing 22.8% and 26.46% of its audited revenue for 2023 and 2024, respectively [4][5]. Group 4: Operational Efficiency - The company has established six domestic production bases and two specialized large-scale docks, with plans for a new base in Tangshan expected to be operational by 2025 [6]. - Dajin Heavy Industry has significantly reduced its financial costs by 77.39% through optimizing its debt structure and managing funds effectively, positively impacting its profitability [6].