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]

Core Viewpoint - The company TianShun Wind Power announced that it has no overdue external guarantees, no external guarantees involved in litigation, and no losses incurred from guarantees resulting in adverse judgments [2] Summary by Categories - **Company Guarantees** - The company has confirmed that there are no overdue external guarantees [2] - There are no external guarantees currently involved in any litigation [2] - The company has not incurred any losses due to guarantees that resulted in adverse judgments [2]

Core Insights - The wind power equipment sector experienced a 1.99% increase on October 21, with Jixin Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Jixin Technology (601218) closed at 5.76, up 4.16%, with a trading volume of 1.2579 million shares and a transaction value of 724 million yuan [1] - Haili Wind Power (301155) closed at 90.30, up 4.08%, with a trading volume of 41,900 shares and a transaction value of 375 million yuan [1] - Tianneng Heavy Industry (300569) closed at 6.48, up 3.85%, with a trading volume of 486,900 shares and a transaction value of 314 million yuan [1] - Other notable performers include Tongyu Heavy Industry (300185) at 3.04 (+3.40%), and Daqian Vehicle Engineering (002487) at 46.80 (+3.31%) [1] Capital Flow - The wind power equipment sector saw a net inflow of 31.51 million yuan from institutional investors, while retail investors experienced a net outflow of 130 million yuan [2] - The sector's overall capital flow indicates a strong interest from institutional and speculative investors, with retail investors pulling back [2] Individual Stock Capital Flow - Goldwind Technology (002202) had a net inflow of 12.4 million yuan from institutional investors, while retail investors saw a net outflow of 96.9 million yuan [3] - New Strong Union (300850) reported a net inflow of 87.8 million yuan from institutional investors, with a net outflow of 14.1 million yuan from retail investors [3] - Haili Wind Power (301155) experienced a net inflow of 28.7 million yuan from institutional investors, but retail investors had a net outflow of 17.1 million yuan [3]

证券代码：002531 证券简称：天顺风能 公告编号：2025-065 天顺风能（苏州）股份有限公司 关于子公司为母公司提供担保的公告 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。 重要提示: 截至本公告披露日，公司实际担保额超过 2024 年年度经审计净资产的 100%； 公司及子公司未对合并报表范围外的公司提供担保； 公司及子公司未发生逾期担保、涉及诉讼的担保及因担保被判决败诉而 应承担损失的情况。 2、注册地点：太仓经济开发区宁波东路 28 号 3、法定代表人：严俊旭 4、注册资本：179687.8658 万元人民币 一、担保情况概述 天顺风能（苏州）股份有限公司（简称"公司"）就在建风电项目向国开新 型政策性金融工具有限公司申请总计 19,790 万元新型政策性金融工具（国家为 绿色低碳转型产业公司提供的政策性借款）。其中，5,602 万元将通过京山京顺 新能源有限公司以权益性资金形式注入京山天京新能源开发有限公司，用于补充 天顺京山二期 100MW 风电项目建设资本金；9,173 万元通过钟祥天祥新能源有限 公司以权益性资金形式注入钟祥天成新能源开 ...

Core Viewpoint - The 2025 International Wind Energy Exhibition serves as a significant platform for the industry, showcasing the achievements of TianShun Wind Power's dual-driven strategy of "new energy equipment manufacturing + zero-carbon industrial development" as it celebrates its 20th anniversary [1] Group 1: Dual-Driven Strategy Implementation - TianShun Wind Power has successfully transitioned from land to offshore equipment manufacturing, with an operational wind power capacity of 1.8 GW and an annual clean energy generation of 35.75 billion kWh, reducing CO2 emissions by 3.5 million tons [2] - The debut of TianShun Marine Engineering at the exhibition highlights a new development phase for the equipment manufacturing sector, supported by a global capacity layout that includes operational bases in Guangdong, Jiangsu, and Germany [2] - The company is enhancing its high-value marine engineering business through the Tongzhou Bay base, focusing on specialized shipbuilding and oil and gas modules, while promoting a standardized and modular high-end equipment manufacturing system [2] Group 2: Zero-Carbon Industrial Sector Achievements - In the first half of 2025, TianShun Wind Power made significant progress in acquiring wind power indicators in the Central China region, with plans to enhance project management and operational support through a newly designed integrated monitoring center [3] - The company is steadily advancing its ongoing projects and has seen notable success in exploring green electricity trading models, laying a solid foundation for the release of green asset value and long-term operational stability [3] - Future plans include expanding into East China, Central China, and Southwest regions to tap into renewable energy resources and enhance asset operation efficiency through light asset operation models [3] Group 3: Industry Collaboration and Future Outlook - The exhibition attracted significant attention, with over 100 domestic and international clients engaging in discussions, reflecting the industry's focus on wind energy [4] - The booth design effectively communicated the company's 20-year journey in wind energy and its future direction, fostering a dedicated atmosphere for industry exchanges [4] - Looking ahead, TianShun Wind Power aims to deepen its offshore strategic layout, enhance national presence, and invest in emerging fields such as hydrogen equipment manufacturing and composite materials to cultivate new growth drivers [4]

Core Viewpoint - The increase in steel import tariffs in Europe may impact the operations of German offshore engineering companies, raising questions about manufacturing cost advantages compared to domestic competitors [1] Company Summary - TianShun Wind Power (002531.SZ) has stated that its German factory has not yet commenced production and that the company is continuously monitoring relevant European industrial policies [1]

Group 1 - TianShun Wind Power experienced a decline of 5.1%, with a current stock price of 7.82 CNY per share and a trading volume of 283 million CNY, resulting in a turnover rate of 1.99% and a total market capitalization of 14.052 billion CNY [1] - The company, established on January 18, 2005, and listed on December 31, 2010, specializes in the production and sales of wind towers and components, wind turbine blades and molds, offshore wind power equipment, and the development, investment, construction, and operation of wind farm projects [1] - The main revenue composition of TianShun Wind Power includes: 53.62% from onshore wind equipment, 31.66% from power generation, 9.46% from offshore wind equipment, and 5.26% from other sources [1] Group 2 - Xinjiang Qianhai United Fund holds a significant position in TianShun Wind Power, with its fund, Qianhai United Yonglong Mixed A (004128), reducing its holdings by 185,600 shares in the second quarter, now holding 1.486 million shares, which accounts for 4.91% of the fund's net value, ranking as the fifth-largest holding [2] - The fund has reported a floating loss of approximately 624,100 CNY as of today [2] - Qianhai United Yonglong Mixed A (004128) was established on August 29, 2017, with a current scale of 25.3906 million CNY, achieving a year-to-date return of 53.02%, ranking 645 out of 8160 in its category, and a one-year return of 60.6%, ranking 697 out of 8021 [2]

Group 1 - TianShun Wind Power experienced a decline of 5.1%, with a current stock price of 7.82 CNY per share, a trading volume of 283 million CNY, a turnover rate of 1.99%, and a total market capitalization of 14.052 billion CNY [1] - The company, established on January 18, 2005, and listed on December 31, 2010, is primarily engaged in the production and sales of wind towers and components, wind turbine blades and molds, offshore wind power equipment, and the development, investment, construction, and operation of wind farm projects [1] - The main revenue composition of TianShun Wind Power includes: 53.62% from onshore wind equipment, 31.66% from power generation, 9.46% from offshore wind equipment, and 5.26% from other sources [1] Group 2 - Among the top ten circulating shareholders of TianShun Wind Power, one fund under Xingzheng Global Fund holds 8.4922 million shares, unchanged from the previous period, representing 0.48% of the circulating shares [2] - The fund, Xingquan He Feng Three-Year Holding Mixed Fund (009556), was established on August 28, 2020, with a latest scale of 3.844 billion CNY, and has achieved a year-to-date return of 40.29%, ranking 1609 out of 8160 in its category [2] - Over the past year, the fund has returned 47.22%, ranking 1399 out of 8021 in its category, while it has incurred a loss of 8.25% since its inception [2] Group 3 - The fund manager of Xingquan He Feng Three-Year Holding Mixed Fund is Zhu Kefeng, who has been in position for 108 days, with the fund's total asset scale at 3.844 billion CNY and a best return of 27.74% during his tenure [3] - Yang Shijin, another fund manager, has been in position for 4 years and 314 days, managing a total asset scale of 20.155 billion CNY, with a best return of 44.24% during his tenure [3]

Core Insights - The wind power equipment sector saw a 0.7% increase on October 15, with Zhonghuan Hailu leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Wind Power Equipment Sector Performance - Zhonghuan Hailu (301040) closed at 24.07, up 6.08% with a trading volume of 95,900 shares and a transaction value of 227 million [1] - Electric Wind Power (688660) closed at 20.40, up 4.29% with a trading volume of 339,800 shares and a transaction value of 677 million [1] - Tai Sheng Wind Energy (300129) closed at 8.45, up 3.94% with a trading volume of 506,100 shares and a transaction value of 421 million [1] - Other notable performers include Jin Lei Co. (300443) up 3.87%, Shuangyi Technology (300690) up 3.56%, and Changyou Technology (301557) up 3.10% [1] Capital Flow Analysis - The wind power equipment sector experienced a net outflow of 320 million from institutional investors and 210 million from retail investors, while retail investors saw a net inflow of 531 million [2] - The capital flow for individual stocks indicates that Tai Sheng Wind Energy had a net inflow of 35.63 million from institutional investors, while it faced a net outflow of 42.72 million from retail investors [3] - Other stocks like He Wang Electric (603063) and Tian Shun Wind Energy (002531) also showed mixed capital flows, with varying net inflows and outflows from different investor categories [3]

Core Viewpoint - TianShun Wind Power (002531) announced that the company has no overdue external guarantees, no external guarantees involved in litigation, and no losses incurred due to judgments related to guarantees [1] Group 1 - The company confirmed the absence of overdue external guarantees [1] - There are no ongoing litigations related to external guarantees [1] - The company has not incurred any losses from judgments due to guarantees [1]