大金重工(002487.SZ)公告称，公司全资子公司蓬莱大金海洋重工有限公司为德国Nordseecluster海上风 电集群项目A阶段建造的45根单桩产品已全部交付完毕。该项目采用DAP模式交付，是公司与RWE的再 次深度合作，展现了公司在制造工艺标准、质量控制体系、跨洋运输交付等方面的全球领先水平。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。 ...

一、项目进展情况 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 2023 年 5 月、12 月与莱茵集团（RWE）签订 了供货合同，蓬莱大金将为德国 Nordseecluster 海上风电集群项目（以下简称"项 目"或"本项目"）独家建造和交付合计 105 根 TP-less（无过渡段）单桩及附属结 构，并负责将全部产品运输至客户指定地点。Nordseecluster 是 RWE（持股 51%） 与挪威银行投资管理公司（持股 49%）共同开发的联合海上风电项目，RWE 负 责 Nordseecluster 海上风电场全生命周期内的建设与运营工作。该项目位于德国 北海地区，包含 A 阶段和 B 阶段两部分，计划合计装机容量 1.6GW，是目前德 国正在建设的最大规模的海上风电场。具体内容详见公司在巨潮资讯网上披露的 公告（编号 2023-051、2023-098）。 证券代码：002487 证券简称：大金重工 公告编号：2025-051 大金重工股份有限公司 关于公司独家供应的体量最大海工项目 A 阶段 全部单桩产品到港交付完毕的自愿性披露公告 本公司及 ...

Core Viewpoint - The financial performance of Dajin Heavy Industry shows significant growth in revenue and profit, indicating strong operational capabilities and market demand [1][2]. Financial Performance - As of the first quarter of 2025, Dajin Heavy Industry reported total revenue of 1.141 billion yuan, a year-on-year increase of 146.36% [1]. - The net profit attributable to shareholders reached 231 million yuan, reflecting a year-on-year growth of 335.91% [1]. - The non-recurring net profit was 246 million yuan, with a remarkable year-on-year increase of 448.47% [1]. - The company's liquidity ratios are strong, with a current ratio of 2.442 and a quick ratio of 1.901 [1]. - The asset-liability ratio stands at 41.14%, indicating a healthy balance sheet [1]. Market Activity - On August 15, 2025, Dajin Heavy Industry's stock closed at 33.81 yuan, up 2.42% with a turnover rate of 2.08% [1]. - The trading volume was 131,300 lots, with a total transaction value of 445 million yuan [1]. - There was a net inflow of main funds amounting to 26.14 million yuan, accounting for 5.88% of the transaction value [1]. Company Overview - Dajin Heavy Industry Co., Ltd. was established in 2003 and is located in Fuxin City, primarily engaged in the manufacturing of specialized equipment [2]. - The company has a registered capital of 637.75 million yuan and has made investments in 23 enterprises [2]. - Dajin Heavy Industry has participated in 370 bidding projects and holds 123 patents and 13 trademarks [2].

Core Viewpoint - The wind power industry is experiencing a strong recovery, with component manufacturers becoming the focus of market attention as six out of eleven listed companies reported or forecasted net profit growth exceeding 100% for the first half of 2025 [1][4]. Group 1: Company Performance - New Strong Link reported a revenue of approximately 2.21 billion yuan for the first half of 2025, a year-on-year increase of 108.98%, with a net profit of around 400 million yuan, reflecting a staggering growth of 496.6% [1]. - Double One Technology achieved a revenue of 525 million yuan, a year-on-year growth of 44.57%, with a net profit of approximately 99.87 million yuan, marking a significant increase of 324.50% [1]. - Feiwo Technology reported a revenue of 1.165 billion yuan, a year-on-year increase of 81.42%, with a net profit of 31.54 million yuan, reflecting a growth of 164.56% [1]. - Three companies, including Guo Da Special Materials, forecasted net profit growth exceeding 100%, with Guo Da expecting a growth of approximately 367.51% [3]. Group 2: Factors Driving Growth - The surge in demand for core wind power components is a key driver of performance, with companies like New Strong Link enhancing operational efficiency through digital transformation and vertical integration [2]. - Double One Technology benefited from increased sales of wind turbine nacelles and a significant rise in overseas orders, with a year-on-year growth exceeding 50% [2]. - The global wind energy association projects that the global wind power installed capacity will reach 138 GW in 2025, with an average annual growth rate of 8.8% from 2025 to 2030, indicating a broad market space [4]. - Price recovery is evident, with wind turbine prices increasing by approximately 10% from May 2025 compared to the end of 2024, contributing to improved profitability [4][5]. - A rush to install wind power systems has accelerated the recovery of component manufacturers, driven by favorable policies and a concentrated release of demand [5].

Group 1 - The company expects to achieve a net profit of 510 million to 570 million yuan for the first half of 2025, representing a year-on-year increase of 193.32% to 227.83% [1] - The growth in performance is primarily attributed to the deepening of the global strategic layout, with significant breakthroughs in overseas business, becoming the core driver of overall performance growth [1] - The company has shifted its export pile foundation product delivery model to a higher value-added DAP model, significantly enhancing overall profitability [1] Group 2 - The company has successfully entered the European offshore wind market since 2019, becoming the only supplier in the Asia-Pacific region to deliver offshore engineering products to the European market [2] - In 2024, the company fully entered the European offshore wind market, achieving certification as a qualified supplier for most major European owners and forming substantial business cooperation with the top five owners in the market [2] - The company is actively participating in bidding for offshore wind projects in emerging Asian markets such as Japan and South Korea, establishing close relationships with major owners in Japan's offshore wind projects [2] Group 3 - The company's wholly-owned subsidiary signed a contract to supply 10 ultra-large monopile products for an offshore wind project in the Baltic Sea, with delivery scheduled for 2025 [3] - This project marks the company's first delivery of ultra-large monopiles in the Baltic region, utilizing the DAP delivery model [3] - The company has achieved normalization of global DAP delivery for major offshore engineering components, providing customized, integrated end-to-end solutions [3]

Group 1: Policy Changes and Market Impact - Zhangjiakou City has shifted wind power projects from an approval system to a filing system, marking the first local wind power filing policy [1] - The wind power concept index rose from 902.39 points to 956.21 points, a 5.96% increase over three trading days from August 15 to August 17 [1] - On August 17, 14 wind power concept stocks, including Baota Industry and Chuanrun Co., reached their daily limit [1] Group 2: Development of Distributed Wind Power - Distributed wind power is lagging behind onshore and offshore wind power, with only about 10 million kW installed by the end of 2021, representing a low proportion of total wind power capacity [2] - The "Three North" regions accounted for 84% of new wind power installations in the first half of the year, indicating a significant focus on centralized wind power [2] - Cost reduction is crucial for the large-scale promotion of distributed wind power projects due to their smaller scale and higher costs [2] Group 3: Advantages and Future Potential - Distributed wind power has advantages such as proximity to the electricity market, which can reduce or eliminate transmission costs [3] - The flexibility of installation and ease of power consumption make distributed wind power economically viable as costs decrease and efficiency improves [3] - Wind and solar power are expected to account for 65% to 70% of the new energy system in the future, indicating significant growth potential for wind power [3] Group 4: Industry Opportunities and Company Strategies - The "Thousand Villages and Ten Thousand Towns Wind Action" plan aims to adjust the energy structure and promote renewable energy development [4] - The shift to a filing system is expected to simplify the approval process for distributed wind power projects, attracting more companies to participate [4] - Estimates suggest that the annual demand for wind turbines could increase from 50 GW to 60-70 GW during the 14th Five-Year Plan period, with growth rates rising from 10% to 25% from 2023 to 2025 [4] Group 5: Company Engagement in Distributed Wind Power - Several listed companies in the wind power industry are actively engaging in distributed wind power projects, with Yunda Co. expressing optimism about future prospects [5] - By the end of 2021, 13 turbine manufacturers had added distributed wind power installations, with Goldwind Technology leading at 2.672 million kW, accounting for 33.3% of the total [5] - Companies like Dongfang Cable and Xinqianglian are expected to benefit from the rapid growth in new wind power installations [5]

Investment Rating - The report maintains a "Buy" rating for the photovoltaic and wind power sectors, indicating a positive outlook for these industries in the near to medium term [4][5]. Core Insights - The photovoltaic industry is undergoing a "de-involution" movement at the national strategic level, focusing on capacity integration in the silicon material segment and strengthening price regulation across the supply chain. The industry is currently at the bottom of the cycle, with future policy strength being a key variable influencing its trajectory. In the medium to long term, the photovoltaic sector is expected to enter a phase of high-quality development, with technological upgrades and market structure optimization becoming core competitive factors [4]. - The wind power sector in China has a strong global competitive advantage, with a relatively reasonable supply-demand structure and robust profitability among companies. The year 2025 is anticipated to be a significant year for offshore wind power development in China, with accelerated construction and favorable export trends [4]. Weekly Market Review - From August 4 to August 8, 2025, the Shanghai Composite Index rose by 2.11%, while the Shenzhen Component Index and the ChiNext Index increased by 1.25% and 0.49%, respectively. The Shenwan Electric Power Equipment Index rose by 1.94%, outperforming the CSI 300 by 0.71 percentage points. Within sub-sectors, photovoltaic equipment, wind power equipment, batteries, and grid equipment experienced changes of +1.29%, +4.50%, +0.99%, and +3.08%, respectively [12][18]. Key Sector Tracking - **Photovoltaic Sector**: The report highlights a significant project where JA Solar is the candidate for a 50MW photovoltaic component procurement project in Tibet, with a bid amount of approximately 36 million CNY and a unit price of 0.7215 CNY/W [3][21]. - **Wind Power Sector**: The report emphasizes the strong profitability of domestic wind power companies in the first half of the year and suggests focusing on leading companies such as Goldwind Technology and Dongfang Cable [4]. Investment Recommendations - **Photovoltaic**: Focus on segments that have undergone sufficient corrections, such as silicon materials, glass, and battery cells. Recommended companies include Aiko Solar, Flat Glass Group, GCL-Poly Energy, and Junda Technology [4]. - **Wind Power**: Maintain a positive outlook on the domestic wind power supply chain, with recommendations for companies like Goldwind Technology and Zhongtian Technology [4]. - **New Energy Vehicles**: The sector continues to grow rapidly, with recommendations to focus on battery and structural components benefiting from low upstream raw material prices, including companies like CATL and EVE Energy [5]. Industry Price Data - The report includes price trends for key materials in the photovoltaic supply chain, indicating fluctuations in silicon material, battery cell, and module prices, which are critical for assessing market dynamics [35][36][38].

证券日报网讯大金重工（002487）8月11日在互动平台回答投资者提问时表示，公司已于2025年7月11日 召开股东会，审议通过《关于公司发行H股股票并于香港联合交易所有限公司上市的议案》。公司正在 积极推进港股上市事宜，进展请关注公司公开披露信息。 ...

（编辑 袁冠琳） 证券日报网讯 大金重工8月11日在互动平台回答投资者提问时表示，公司拥有专业化远洋航运团队，积 极推进海工重大件远洋运输业务并已在多个出口项目中取得良好收效，目前暂未涉及深远海施工类业 务。 ...

Core Viewpoint - The company is developing a world-class offshore wind power manufacturing facility in Tangshan, Caofeidian, which meets European marine engineering standards and aims to produce large-scale offshore structures for deep-sea operations [2] Group 1: Company Developments - The company has equipped its offshore engineering base with a specialized production line for deep-sea wind power foundations, the only one in the industry that complies with European standards [2] - The company is focused on creating a global logistics system to support its international strategy, backed by a highly skilled and experienced ocean shipping team [2] - Two self-designed and built heavy-lift transport vessels for offshore wind power equipment are expected to be launched within the year [2] Group 2: Industry Positioning - The company aims to establish mass production capabilities for ultra-large offshore wind structures, including monopiles, jackets, and floating foundations [2]