（编辑 王雪儿） 证券日报网2月4日讯 ，大金重工在接受调研者提问时表示，公司在丹麦、德国、西班牙陆续进行了码 头布局，从而匹配区域项目的不同需求。公司海外码头的布局是针对项目需求而开展的，通过提升本地 化的总装能力和服务能力，从而最终提高项目交付能力和盈利水平。 ...

证券日报网2月4日讯，大金重工（002487）在接受调研者提问时表示，2026年主要交付在手海外海风单 桩项目，以及少部分出口海塔项目，并以DAP模式为主要交付模式。 ...

Market Performance - On February 4, A-shares showed mixed performance with the Shanghai Composite Index rising by 0.85% to 4102.20 points, the Shenzhen Component Index increasing by 0.21% to 14156.27 points, while the ChiNext Index fell by 0.40% to 3311.51 points [1] Fund Manager Changes - On February 4, a total of 35 fund managers experienced changes in their positions, with 573 fund products undergoing manager changes in the past 30 days [3] - The reasons for the changes included 3 managers leaving due to product expiration, 8 due to job changes, 2 for personal reasons, and 1 resigning [3] - Notably, on February 4, 36 fund products announced manager departures involving 14 managers [3] New Fund Managers - On February 4, 43 fund products announced new fund manager appointments, involving 23 managers [5] - Wang Yang from Guotai Fund, managing assets totaling 6.37 billion, achieved a return of 229.16% on the Guotai Intelligent Automotive Stock A fund over 6 years and 175 days [5] Fund Research Activity - In the past month (January 5 to February 4), Bosera Fund conducted the most company research, engaging with 60 listed companies, followed by Huaxia Fund with 58 and Guotai Fund with 47 [6][7] - The chemical products industry was the most researched sector, with 216 instances, followed by the automotive parts industry with 188 [6][7] Recent Company Focus - In the last week (January 28 to February 4), the most researched company was Yingtang Zhikong, with 61 fund institutions participating in the research [8] - Other companies receiving significant attention included Zhongji Xuchuang and Jingke Energy, with 59 and 49 fund institutions respectively [8]

南财智讯2月4日电，大金重工在投资者关系活动中表示，2026年主要交付在手海外海风单桩项目，以及 少部分出口海塔项目，并以DAP模式为主要交付模式。 ...

编号：2026-002 证券代码：002487 证券简称：大金重工 大金重工股份有限公司 投资者关系活动记录表 | 3、从公开消息了解到，公司在西班牙也要进行本土化布局，具体考虑 | | --- | | 是？ | | 答：我们在丹麦、德国、西班牙陆续进行了码头布局，从而匹配区域 | | 项目的不同需求。公司海外码头的布局是针对项目需求而开展的，通 | | 过提升本地化的总装能力和服务能力，从而最终提高项目交付能力和 | | 盈利水平。 | | 4、在海外做产能布局，如何解决当地高成本的问题？ | | 答：首先，公司不仅是海风核心装备制造商，同样是海工综合服务解 | | 决方案系统提供商，已经实现通过延长产业链为下游客户提供如运输、 | | 母港、安装等更多服务；其次，我们会综合考虑并发挥国内和海外布 | | 局的协同优势，从而打造更强的竞争壁垒。 | | 5、公司陆续签下了带有服务端的项目订单，价值量提升很快，服务端 | | 折算为单吨是什么价格，定价逻辑是什么？ | | 答：服务端的定价需要根据具体项目需求而定，不能简单地去以吨计 | | 算。 | | 6、日韩市场的开拓进度如何？ | | 答：日本、韩国是 ...

Market Performance - On February 3, A-shares saw a collective increase in the three major indices, with the Shanghai Composite Index rising by 1.29% to 4067.74 points, the Shenzhen Component Index increasing by 2.19% to 14127.11 points, and the ChiNext Index up by 1.86% to 3324.89 points [1] - The sectors that performed well included BC batteries, perovskite batteries, and engineering machinery concepts, while sectors such as cross-border payments, central state-owned enterprises valuation, and internet finance experienced declines [1] Fund Manager Changes - On February 3, there were changes in 9 fund managers across various fund products, indicating a significant turnover that could impact future fund performance [2] - In the past 30 days (January 4 to February 3), 537 fund managers have left their positions, with reasons including product expiration and job changes [3] - Notable fund managers include Lei Jun from Great Wall Fund, managing assets of 4.754 billion yuan, with a top-performing product yielding a return of 192.14% over 7 years [3] Fund Research Activity - In the past month, Bosera Fund conducted the most company research, engaging with 56 listed companies, followed by Huaxia Fund with 54, Southern Fund with 46, and Fortune Fund with 45 [4] - The chemical products industry was the most researched sector, with 216 instances of fund company engagement, followed by general equipment with 181 instances [4][5] Individual Stock Focus - The most researched stock in the past month was Daikin Heavy Industries, with 67 fund management companies participating in the research, focusing on offshore wind power equipment [5][6] - In the last week (January 27 to February 3), the most researched company was Yintong Zhikong, with 61 fund institutions involved, followed by Zhongji Xuchuang and Jingzhida [6][7]

第五届风电运维技改研讨会 来源：北极星风力发电网 特别声明：北极星转载其他网站内容，出于传递更多信息而非盈利之目的，同时并不代表赞成其观点或 证实其描述，内容仅供参考。版权归原作者所有，若有侵权，请联系我们删除。凡来源注明北极星风力 发电网的内容为北极星原创，转载需获授权。 第五届风电运维技改研讨会 2026/3/10-11日 周老师 18911830259 2026/3/10-11日 周老师 18911830259 北极星风力发电网获悉，2月1日，海工巨头大金重工发布公告，正式聘任葛欣女士为公司副总经理。引 人关注的是，这位新晋高管将同时兼任公司董事会秘书职务，成为核心管理层中的关键一员。 公开资料显示，葛欣生于1983年，拥有工学与经济学双学士学位及有机化学硕士学位，是典型的复合型 专业人才。其职业履历颇为亮眼，曾先后在北京当升材料、北京容百投资控股、瀚华金控资本集团担任 重要管理职务，更曾在我爱我家控股集团出任董事会办公室主任及监事会主席，在宁波容百新能源科技 担任董事会秘书，积累了丰富的上市公司治理与资本运作经验。 值得关注的是，葛欣同时持有深交所与上交所董事会秘书资格证书，并具备证券及基金从业资格， ...

Investment Rating - The report maintains an "Overweight" rating for the electric equipment industry [5] Core Insights - The report highlights the introduction of a national capacity pricing policy for energy storage, which recognizes the capacity value of new energy storage systems [7][21] - It forecasts a significant increase in new energy storage installations, with an expected addition of 62.24 GW/183 GWh by 2025, marking an 84% growth compared to the end of 2024 [24] - The report emphasizes the ongoing high demand for energy storage both domestically and internationally, with leading companies expected to accelerate their performance [7][21] Summary by Sections Energy Storage - The national capacity pricing mechanism for energy storage has been established, allowing independent energy storage systems to receive compensation based on their peak capacity contributions [21][22] - The average storage duration is projected to increase to 2.58 hours, with an expected utilization of 1195 hours in 2025, reflecting a significant improvement in efficiency [25] - Key companies in the energy storage sector include Haibo Shichuang, Sunshine Power, and others, which are expected to benefit from the new policies and market conditions [7] Lithium Battery Sector - Xianhui Technology anticipates a net profit of 350 million yuan for 2025, a year-on-year increase of 56.93%, driven by improved operational efficiency and overseas project contributions [13] - Jiayuan Technology expects revenues between 9.5 billion and 9.75 billion yuan for 2025, with a return to profitability, highlighting a recovery in market demand [14] - The report recommends companies such as Ningde Times and Yiwei Lithium Energy for investment, indicating a positive outlook for the lithium battery sector [7] Electric Equipment - The report notes that Hunan Province plans to invest 45.2 billion yuan in 2026 to promote 24 major energy projects, indicating strong regional support for electric infrastructure [26] - The report also highlights the surge in electricity prices in the U.S., which reached unprecedented levels, suggesting potential volatility in energy markets [29] - Companies like Xujie Electric and Pinggao Electric are recommended for their roles in high-voltage projects and equipment exports [7][26] Photovoltaic Sector - The report indicates that new photovoltaic installations in China are expected to reach 315 GW in 2025, with a focus on companies like Longi Green Energy and Trina Solar [7] - The prices of photovoltaic components are experiencing fluctuations, with recent increases in battery and module prices due to market dynamics [31][33] - The report suggests that the photovoltaic sector remains a key area for investment, particularly in light of upcoming policy changes affecting export taxes [7][33]

Summary of Conference Call Notes Industry Overview - The focus is on the European offshore wind industry, highlighting the need for a reevaluation of valuations due to previously pessimistic market expectations and the unique attributes of certain companies [1][2]. Key Points Market Sentiment and Valuation Adjustments - The market has previously held overly pessimistic views regarding the growth potential of the European offshore wind sector, failing to recognize the unique characteristics of companies like Daikin Heavy Industries [1][2]. - Recent developments, such as the UK AR7 auction results, have led to an upward revision of installation forecasts for offshore wind, indicating a more positive outlook for the industry [2]. Positive Developments in Installation Forecasts - The UK AR7 auction exceeded expectations with a capacity of 8.4 GW, compared to prior estimates of 5-6 GW, prompting an increase in projected installation volumes for 2028 and 2029 [2]. - The forecast for annual installations in Europe has been adjusted to 9.1 GW for 2028 and 10 GW for 2029, reflecting a more optimistic growth trajectory [2]. Long-term Goals and Regional Development - The "Hamburg Declaration" from ten European countries reaffirms the goal of achieving 300 GW of offshore wind capacity in the North Sea by 2050, with a target of over 30 GW by the end of 2025 [2]. - The potential for additional development exists in other regions such as the Baltic Sea, Mediterranean, Atlantic coast, and Black Sea, suggesting significant future growth opportunities [2]. Company-Specific Insights - Daikin Heavy Industries is noted for its superior valuation potential, which is currently not reflected in its market price, with a PE ratio of 25X for 2026, compared to lower valuations for competitors [3]. - Cadeler, a leader in offshore wind installation, is also undervalued with a PE ratio of only 5-6X for 2026, despite expanding its business from turbine installation to foundation installation and transportation [3]. - The report emphasizes the importance of recognizing the alpha attributes of these companies, which have not been adequately priced into the market [3]. Recommendations - Continued optimism for the European offshore wind sector is expressed, with specific recommendations to focus on companies such as Daikin Heavy Industries, Cadeler, and others involved in offshore wind infrastructure [3].

Summary of Key Points from Conference Call Records Industry Overview - **Industry Focus**: The records primarily discuss the lithium battery, sodium battery, wind power, and photovoltaic sectors, highlighting recent developments and future expectations in these industries. Lithium Battery Sector - **National Capacity Pricing Policy**: The introduction of the national capacity pricing policy is expected to increase the Internal Rate of Return (IRR) for energy storage by over 3%, with more provinces likely to adopt energy storage solutions by 2026 [1] - **Lithium Battery Production**: In February, lithium battery production is projected to decrease by over 10%, indicating that the production season is not as weak as anticipated [1] - **Sodium Battery Testing**: Ningde has initiated winter testing with multiple automotive companies for sodium batteries, with expectations for mass production in Q2 [1] - **Investment Focus**: The preferred investment hierarchy includes energy storage cells (Penghui) > lithium iron phosphate cathodes > energy storage integration (Haibo) > separators (Enjie), copper, and aluminum foil (Nord and Dingsheng) [1] Sodium Battery Sector - **Lithium Carbonate Price Adjustment**: A new round of price increases for lithium carbonate is anticipated following adjustments, with strong downstream purchasing activity observed after recent price drops [2] - **Wind Power Sector Performance**: Recent performance forecasts for the wind power sector have largely fallen short of expectations due to a decline in Q4 shipments and year-end impairments, indicating a confirmed bottom for the main engine sector [2] - **Investment Recommendations**: Recommended stocks include Jinlei Co., Daikin Heavy Industries, and major engine manufacturers (Goldwind, SANY, Yunda, Mingyang) [2] Photovoltaic Sector - **Space Photovoltaics**: The application by SpaceX to deploy 1 million satellites to create a space data center reinforces the logic behind space photovoltaics [3] - **Cost Reduction in Battery Production**: The high silver prices and technological breakthroughs have led to an average cost reduction of over 0.15 CNY/W in copper-based batteries, indicating a potential explosion in the no-silver industrialization [3] - **Investment Focus**: The preferred investment hierarchy includes equipment manufacturers (Liancheng, Lap, Maiwei, Yujing) and battery materials (Bojian, Foster, Kaisheng, Juhua, Dike, Risheng, Junda) [3] AIDC (Artificial Intelligence Data Center) Sector - **New Bidding Opportunities**: The domestic supply chain is entering a new round of bidding, with ByteDance shifting its focus to high-voltage direct current solutions and Nvidia tightening certification for liquid cooling [3] - **Production Increase**: The production capacity of Yingwei's QD is expected to increase by 20 times in Q1, indicating a strong alignment with Nvidia's ecosystem [3]