Core Viewpoint - TianShun Wind Power's stock price has shown fluctuations, with a recent decline of 2.01% and a total market capitalization of 14.052 billion yuan, indicating a mixed performance in the market [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] - Cumulative cash dividends since the A-share listing amount to 1.426 billion yuan, with 171 million yuan distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 0.91% to 83,200, with an average of 21,476 circulating shares per person, an increase of 0.92% [2] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.2915 million shares, and other funds such as Huaxia Revival Mixed A and Southern Transformation Growth Flexible Allocation Mixed A, which also increased their stakes [3] Stock Performance - Year-to-date, TianShun Wind Power's stock price has decreased by 0.89%, but it has seen a 6.25% increase over the last five trading days and an 11.87% increase over the last 20 days [1] Business Overview - TianShun Wind Power, 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, and offshore wind power equipment [1] - The company's main business revenue composition 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] Industry Classification - TianShun Wind Power is classified under the wind power equipment and components sector within the electric power equipment industry, with involvement in concepts such as hydrogen energy, new energy, offshore wind power, wind energy, and carbon neutrality [1]

Group 1 - The company has confirmed that the Yangjiang factory is currently in the trial operation phase and is still in the process of equipment debugging, thus has not yet officially commenced full production [2] - This status aligns with the company's recently disclosed semi-annual report regarding production capacity progress [2]

Group 1 - The Tian Shun Marine Intelligent Manufacturing Project in Sheyang County has a total investment of 1 billion yuan and is expected to produce 200,000 tons of ship segment modules annually, generating an estimated annual output value of 2 billion yuan [1] - In the first half of the year, Sheyang County achieved a GDP of 38.075 billion yuan, with a year-on-year growth of 6.3%, and all 13 major economic indicators exceeded expectations [1] - The county government has designated this year as the "Project Attack Year," focusing on project development as a key strategy for economic growth [1] Group 2 - Sheyang County has implemented a comprehensive service improvement initiative, reducing the time from land acquisition to construction permit issuance from over 100 days to just 1 day [2] - The county has completed the national platform public data resource registration and achieved full coverage of high-frequency matters at the grassroots level [2] Group 3 - Luxshare Precision's factory in Sheyang produces automotive wiring harnesses, holding a 30% market share among new energy vehicle companies in China, with an expected output value of 1.8 billion yuan this year [3] - The company plans to invest millions in R&D to upgrade equipment and enhance production efficiency [3] Group 4 - Jiangsu Kolidar Automotive Parts Co., Ltd. holds an 80% market share in hydrogen fuel cell products and is collaborating with Yancheng Institute of Technology on innovative technologies [4] - The company plans to establish a research and development center in Sheyang by 2026 to accelerate the transformation of laboratory results [4] Group 5 - Sheyang County has completed the first batch of 30 national high-tech enterprise applications and recognized 26 provincial specialized and innovative small and medium-sized enterprises [4] - The county aims to build a high-energy platform and support leading enterprises in establishing innovation alliances with universities and research institutions [5]

2025年1至6月份，天顺风能的营业收入构成为：风电设备占比63.07%，发电占比31.66%，其他业务占 比5.26%。 （记者 曾健辉） 每经AI快讯，天顺风能（SZ 002531，收盘价：7.81元）9月17日晚间发布公告称，截至本公告日，上海 天神累计质押股数约为2.39亿股，占其所持股份比例为45.01%。 每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 截至发稿，天顺风能市值为140亿元。 ...

证券代码：002531 证券简称：天顺风能 公告编号：2025-063 天顺风能（苏州）股份有限公司 关于控股股东部分股份质押及解质押的公告 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、误导性陈述或者重大遗漏。 天顺风能（苏州）股份有限公司（简称"公司"）近日接到控股股东上海天 神投资管理有限公司（简称"上海天神"）的通知，上海天神将其所持公司 0.98% 的股份办理了质押及质押展期业务，质权人分别为国联民生证券股份有限公司 （简称"国联民生"）、中国中金财富证券有限公司（简称"中金财富"）；将 其所持公司 0.64%的股份办理了解除质押业务，质权人为海通证券股份有限公司 （简称"海通证券"）。具体情况如下： 二、 本次股份质押的基本情况 | | 是否为控 股股东或 | 本次质 押股份 | 占其 | 占公 | 是否 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | | | 所持 | 司总 | | 为补 | 质押起始 | 质押到期 | 质权 | 质押 | ...

Market Performance - On September 17, the wind power equipment sector rose by 3.91%, with Jinlei Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Jinlei Co., Ltd. (300443) closed at 31.37, up 12.44% with a trading volume of 265,700 shares and a transaction value of 793 million [1] - Goldwind Technology (002202) closed at 13.23, up 7.47% with a trading volume of 1,781,200 shares and a transaction value of 2.299 billion [1] - Tiensun Wind Power (002531) closed at 7.81, up 5.68% with a trading volume of 728,500 shares and a transaction value of 557 million [1] - Other notable stocks include Daqian Heavy Industry (002487) up 4.81%, Yunda Co., Ltd. (300772) up 4.68%, and Mingyang Smart Energy (601615) up 4.30% [1] Capital Flow - The wind power equipment sector saw a net inflow of 840 million from institutional investors, while retail investors experienced a net outflow of 740 million [2][3] - The main stocks with significant net inflows include Goldwind Technology with 224 million and Hewei Electric with 106 million [3] - Conversely, retail investors showed significant outflows from several stocks, including Goldwind Technology and Tiensun Wind Power [3]

Group 1 - TianShun Wind Power's stock increased by 5.14% on September 17, reaching 7.77 CNY per share, with a trading volume of 367 million CNY and a turnover rate of 2.72%, resulting in a total market capitalization of 13.962 billion CNY [1] - TianShun Wind Power, 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 company's main business revenue composition 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 TianShun Wind Power's top ten circulating shareholders, one fund from Xingzheng Global Fund holds 8.4922 million shares, unchanged from the previous period, representing 0.48% of circulating shares, with an estimated floating profit of approximately 3.2271 million CNY [2] - The Xingquan He Feng Three-Year Holding Mixed Fund (009556) was established on August 28, 2020, with a latest scale of 3.844 billion CNY, achieving a year-to-date return of 39.59% and ranking 1617 out of 8172 in its category, while its one-year return is 71.02%, ranking 1587 out of 7980 [2] Group 3 - The fund manager of Xingquan He Feng Three-Year Holding Mixed Fund is Zhu Kefeng, who has been in position for 78 days, with a total fund asset scale of 3.844 billion CNY, achieving a best return of 25.97% during his tenure [3] - Yang Shijin, another fund manager, has been in position for 4 years and 284 days, managing a total fund asset scale of 20.155 billion CNY, with a best return of 39.49% during his tenure [3]

9月9日，天顺风能跌2.72%，成交额3.65亿元。两融数据显示，当日天顺风能获融资买入额2760.84万 元，融资偿还3390.81万元，融资净买入-629.96万元。截至9月9日，天顺风能融资融券余额合计2.58亿 元。 资料显示，天顺风能(苏州)股份有限公司位于上海市长宁区长宁路1193号来福士广场T3座1203，成立日 期2005年1月18日，上市日期2010年12月31日，公司主营业务涉及风塔及零部件的生产和销售,风电叶片 及模具的生产和销售,风电海工及相关产品的生产和销售,风电场项目的开发投资、建设和运营业务。主 营业务收入构成为：风电陆上装备53.62%，发电31.66%，风电海工装备9.46%，其他5.26%。 截至8月29日，天顺风能股东户数8.40万，较上期减少5.63%；人均流通股21280股，较上期增加5.97%。 2025年1月-6月，天顺风能实现营业收入21.89亿元，同比减少3.08%；归母净利润5382.30万元，同比减 少75.08%。 融券方面，天顺风能9月9日融券偿还2400.00股，融券卖出5900.00股，按当日收盘价计算，卖出金额 4.43万元；融券余量23.63万 ...

丨证券研究报告丨 公司研究丨点评报告丨天顺风能（002531.SZ） [Table_Title] 天顺风能：战略调整引发经营波动，合同负债历 史高位有望奠定交付景气基础 报告要点 [Table_Summary] 公司 2025 上半年营业收入 21.9 亿元，同比下降 3.1%；归母净利润 0.5 亿元，同比下降 75.1%； 扣非净利润 0.5 亿元，同比下降 77.8%。单季度看，公司 2025Q2 营业收入 12.6 亿元，同比增 加 4.8%；归母净利润 0.2 亿元，同比下降 73.1%；扣非净利润 0.2 亿元，同比下降 74.7%。公 司业绩落于此前预告区间。 分析师及联系人 [Table_Author] 邬博华 曹海花 司鸿历 周圣钧 SAC：S0490514040001 SAC：S0490522030001 SAC：S0490520080002 SAC：S0490524120003 SFC：BQK482 SFC：BVD284 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 事件评论 丨证券研究报告丨 2025-09-09 公司研究丨点评报告 [Ta ...

Core Viewpoint - TianShun Wind Power (002531) has engaged in a strategic collaboration with Gazelle Wind Power, a leading European floating wind power design company, to enhance technology development and project cooperation in the floating wind power sector [1][2] Group 1: Collaboration Details - On September 4, Gazelle Wind Power visited TianShun's Nantong base to discuss breakthroughs in floating wind power product technology and potential project collaborations [1] - The collaboration focuses on the modular architecture and rapid assembly concepts of Gazelle's third-generation floating wind power foundation, which significantly reduces project design and construction time while lowering site occupation costs [1] - Both teams explored key topics such as the assembly plan for Gazelle's floating wind power foundation, considering Nantong's site conditions, logistics, and construction standards [1] Group 2: Market Analysis and Future Prospects - The discussions included an analysis of the European floating wind power market's policy direction, installation demand, industry chain layout, and future development trends, providing decision-making references for market positioning of collaborative projects [1] - A formal cooperation agreement was signed, allowing TianShun to leverage its strengths in marine equipment manufacturing and local resource integration alongside Gazelle's advanced technology development capabilities [2] - The partnership aims to promote the industrial application and global market layout of floating wind power technology through joint development, technological iteration, and market expansion [2]