证券代码：002531 简称：天顺风能 公告编号：2025-066 天顺风能（苏州）股份有限公司 第六届董事会 2025 年第四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 天顺风能（苏州）股份有限公司（"公司"）于2025年10月27日召开了第六 届董事会2025年第四次会议。会议由董事长严俊旭先生召集主持，以现场结合通 讯表决的方式召开。会议通知及相关议案于2025年10月21日通过即时通讯等方式 发送至各位董事，应出席董事7名，实际出席董事7名，全体高管列席。会议的召 集和召开程序符合《公司法》和《公司章程》的规定。 表决结果：7 票赞成，0 票反对，0 票弃权，审议通过了该议案。 具体内容详见公司同日披露于《证券时报》及巨潮资讯网上的《关于计提减 值准备的公告》（公告编号：2025-067）。 2、审议通过了《关于 2025 年第三季度报告的议案》 董事会认为：公司2025年第三季度报告包含的信息公允、全面、真实地反映 了本报告期的财务状况和经营成果等事项，所披露的信息真实、准确、完整，不 存在任何虚假记载、误导 ...

Group 1 - The core point of the article is that Tiensun Wind Power (SZ 002531) announced a provision for asset impairment amounting to 82.2265 million yuan for the period from January to September 2025, which will reduce the company's pre-tax profit by the same amount [1] - For the first half of 2025, the revenue composition of Tiensun Wind Power is as follows: wind power equipment accounts for 63.07%, power generation accounts for 31.66%, and other businesses account for 5.26% [1] - As of the time of reporting, Tiensun Wind Power has a market capitalization of 13.9 billion yuan [1]

天顺风能公告，第三季度营收为15.33亿元，同比增长17.80%；净利润为1588.48万元，同比下降 79.01%。前三季度营收为37.23亿元，同比增长4.56%；净利润为6970.78万元，同比下降76.10%。 ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,533,157,636.30, representing a 17.80% increase year-over-year[4]. - Net profit attributable to shareholders decreased by 79.01% to CNY 15,884,761.78 for the same period[4]. - The basic earnings per share fell by 79.10% to CNY 0.0088[4]. - Total operating revenue for the current period reached ¥3,722,586,352.01, an increase of 4.54% compared to ¥3,560,409,562.32 in the previous period[18]. - Net profit for the current period was ¥143,576,550.23, a decrease of 50.73% compared to ¥291,364,339.53 in the previous period[19]. - The total comprehensive income for the current period was ¥169,762,610.14, a decrease of 42.0% compared to ¥292,919,682.48 in the previous period[19]. Assets and Liabilities - Total assets increased by 5.03% to CNY 26,359,144,274.24 compared to the end of the previous year[4]. - The company's total assets as of September 30, 2025, amounted to CNY 26,359,144,274.24, an increase from CNY 25,096,745,413.27 at the beginning of the period[15]. - The total liabilities rose to CNY 16,267,356,172.00 from CNY 15,075,782,348.04, reflecting an increase in both current and non-current liabilities[16]. - The company's long-term borrowings increased to CNY 7,328,841,161.53 from CNY 6,505,319,553.69, indicating a rise in financial leverage[16]. - The total equity attributable to shareholders increased by 0.67% to CNY 8,984,386,865.96 compared to the end of the previous year[4]. - The total equity attributable to shareholders of the parent company increased to ¥8,984,386,865.96 from ¥8,924,430,579.87 in the previous period[17]. Cash Flow - Cash flow from operating activities decreased by 54.02% to CNY 290,354,597.62 year-to-date[4]. - Cash flow from operating activities generated a net amount of ¥290,354,597.62, down 54.0% from ¥631,483,683.23 in the previous period[21]. - The net cash flow from investing activities was -$1.65 billion, compared to -$1.24 billion in the previous period[22]. - The net cash flow from financing activities was $860.51 million, an increase from $478.93 million year-over-year[22]. - Cash and cash equivalents at the end of the period totaled $446.44 million, down from $652.07 million in the previous period[22]. - The company reported a net decrease in cash and cash equivalents of -$496.52 million, compared to -$129.77 million in the previous period[22]. Investments and Projects - The company reported a 431.12% increase in fair value gains year-over-year, attributed to the rise in stock value of Shenzhen Kexin New Materials Co., Ltd.[8]. - The company’s construction in progress increased by 352.76% due to investments in multiple wind power projects[7]. - The net cash outflow from investing activities increased by 33.29%, primarily due to increased investments in power station construction and overseas projects[8]. - The company is currently undergoing asset disposal for its subsidiary, Zhuhai Wind Tower, which is in the liquidation phase but is not expected to have a significant impact on overall performance[12]. - The company has initiated self-liquidation for its subsidiary due to the expiration of its operational period, which is not expected to materially affect the company's financials[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,497[10]. - The company's equity remained stable with a total capital reserve of CNY 1,462,656,446.50, unchanged from the previous period[16]. Other Financial Metrics - Current assets decreased to CNY 8,964,361,138.50 from CNY 9,424,735,350.03, primarily due to a reduction in cash and cash equivalents[15]. - The inventory balance was CNY 2,538,930,966.65, slightly down from CNY 2,578,473,876.20, indicating effective inventory management[15]. - The accounts receivable increased to CNY 4,433,997,515.10 from CNY 4,544,615,336.15, suggesting a potential challenge in collection[15]. - Research and development expenses were ¥27,733,611.60, down 18.66% from ¥34,125,833.08 in the previous period[18]. - The company reported a loss in investment income of ¥12,604,211.92, an improvement from a loss of ¥15,863,324.67 in the previous period[18]. Accounting and Reporting - The third quarter financial report was not audited[23]. - The company will implement new accounting standards starting from 2025[24].

Core Viewpoint - TianShun Wind Power's stock has experienced fluctuations, with a recent decline of 2.10% and a total market capitalization of 14.249 billion yuan, reflecting mixed investor sentiment and market activity [1]. Financial Performance - For the first half of 2025, TianShun Wind Power reported a revenue of 2.189 billion yuan, a year-on-year decrease of 3.08%, and a net profit attributable to shareholders of 53.823 million yuan, down 75.08% compared to the previous year [2]. - The company has cumulatively distributed 1.426 billion yuan in dividends since its A-share listing, with 171 million yuan distributed over the last three years [3]. Shareholder Structure - As of October 20, 2025, the number of shareholders decreased by 5.45% to 78,000, while the average number of circulating shares per person increased by 5.76% to 22,908 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 17.5304 million shares, an increase of 3.2915 million shares from the previous period [3].

Market Performance - On October 24, the wind power equipment sector rose by 1.97%, with Daikin Heavy Industries leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Daikin Heavy Industries (002487) closed at 53.50, up 7.02% with a trading volume of 355,500 shares and a transaction value of 1.844 billion [1] - Jinlei Co., Ltd. (300443) closed at 32.46, up 6.08% with a trading volume of 407,300 shares [1] - Feiwo Technology (301232) closed at 43.46, up 5.92% with a trading volume of 106,900 shares [1] - Other notable performers include Taisheng Wind Power (300129) up 5.58% and Rihua Co., Ltd. (603218) up 4.51% [1] Fund Flow Analysis - The wind power equipment sector experienced a net outflow of 78.9747 million from institutional investors, while retail investors saw a net inflow of 100 million [2] - The top stocks by net inflow from retail investors include Jinlong Technology (002202) with 49.4662 million and Taisheng Wind Power (300129) with 69.6989 million [3] - Conversely, Daikin Heavy Industries (002487) saw a net outflow of 37.0152 million from retail investors [3]

Core Viewpoint - TianShun Wind Power's stock has shown a modest increase in price, with a current trading price of 8.07 yuan per share and a market capitalization of 14.501 billion yuan, despite a slight net outflow of funds [1] Financial Performance - For the first half of 2025, TianShun Wind Power reported a revenue of 2.189 billion yuan, representing a year-on-year decrease of 3.08%, while the net profit attributable to shareholders was 53.823 million yuan, down 75.08% year-on-year [2] - The company has cumulatively distributed 1.426 billion yuan in dividends since its A-share listing, with 171 million yuan distributed over the past three years [3] Shareholder Structure - As of October 20, 2025, the number of shareholders for TianShun Wind Power decreased to 78,000, a reduction of 5.45%, while the average circulating shares per person increased by 5.76% to 22,908 shares [2] - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 17.5304 million shares, an increase of 3.2915 million shares from the previous period [3]

Core Viewpoint - TianShun Wind Power experienced a slight decline in stock price and trading volume, with notable changes in financing and shareholder structure, indicating potential investment opportunities and challenges in the wind energy sector [1][2]. Financing Summary - On October 23, TianShun Wind Power had a financing buy-in amount of 16.12 million yuan, with a net financing outflow of -5.93 million yuan, indicating a higher repayment than new purchases [1]. - The total financing and margin trading balance reached 238 million yuan, with the financing balance at 236 million yuan, representing 1.66% of the circulating market value, which is below the 30th percentile level over the past year [1]. - The company also had a margin trading repayment of 5,800 shares and a margin selling of 1,000 shares, with a margin balance of 1.68 million yuan, also below the 30th percentile level over the past year [1]. Shareholder Structure - As of October 20, the number of shareholders for TianShun Wind Power decreased to 78,000, a reduction of 5.45%, while the average circulating shares per person increased by 5.76% to 22,908 shares [2]. - The company has distributed a total of 1.426 billion yuan in dividends since its A-share listing, with 171 million yuan distributed in the last three years [3]. - Notable changes in institutional holdings include an increase in shares held by Hong Kong Central Clearing Limited and other funds, indicating a shift in investor interest [3].

Core Viewpoint - TianShun Wind Power has experienced a decline in shareholder numbers and stock performance, indicating potential challenges in investor confidence and financial performance [2] Shareholder Information - As of October 20, the number of shareholders for TianShun Wind Power was 77,999, a decrease of 4,496 from the previous period (October 10), representing a decline of 5.45% [2] - This marks the second consecutive period of decline in shareholder numbers [2] Stock Performance - The closing price of TianShun Wind Power on the latest trading day was 7.91 yuan, down 0.13%, with a cumulative decline of 6.61% since the concentration of shares began [2] - The stock experienced 4 days of increases and 5 days of decreases during this period [2] Financing Data - As of October 22, the margin trading balance for the stock was 244 million yuan, with a financing balance of 242 million yuan [2] - The financing balance has decreased by 13.62 million yuan during the current concentration period, reflecting a decline of 5.32% [2] Financial Performance - In the first half of the year, the company reported total operating revenue of 2.189 billion yuan, a year-on-year decrease of 3.08% [2] - The net profit for the same period was 53.823 million yuan, down 75.08% year-on-year, with basic earnings per share of 0.0300 yuan and a weighted average return on equity of 0.60% [2]

Core Viewpoint - TianShun Wind Power's stock price has shown fluctuations, with a recent increase of 2.15% and a total market capitalization of 14.519 billion yuan, indicating investor interest despite recent declines in the stock price over the past five trading days [1] Financial Performance - For the first half of 2025, TianShun Wind Power reported a revenue of 2.189 billion yuan, a year-on-year decrease of 3.08%, and a net profit attributable to shareholders of 53.823 million yuan, down 75.08% year-on-year [2] - Cumulatively, since its A-share listing, the company has distributed a total of 1.426 billion yuan in dividends, with 171 million yuan distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders for TianShun Wind Power stood at 82,500, with an average of 21,660 circulating shares per person [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 17.5304 million shares, and several mutual funds that have increased their holdings [3]