证券日报网讯 12月18日，天顺风能在互动平台回答投资者提问时表示，包头天顺中标华能整体式塔筒 2025年度-2027年度框架协议，同时该项目另有五家单位同步中标，但后续具体订单的承接需结合项目 的地点、价格等因素从六家单位中综合择定，实际获取订单份额具有很大不确定性；福建半潜桁架式平 台、浙江海风苍南示范项目导向架项目已收到中标通知书，尚未完成合同签署，以上项目均未达到公告 标准，年底和一季度是海工板块招标旺季，公司会第一时间披露。 （文章来源：证券日报） ...

天顺风能（002531.SZ）12月18日在投资者互动平台表示，包头天顺中标华能整体式塔筒2025—2027年 度框架协议，同时该项目另有五家单位同步中标。但后续具体订单的承接，需结合项目的地点、价格等 因素，从六家单位中综合择定，实际获取订单份额具有很大不确定性。福建半潜桁架式平台、浙江海风 苍南示范项目导向架项目已收到中标通知书，尚未完成合同签署。以上项目均未达到公告标准。年底和 一季度是海工板块招标旺季，公司会第一时间披露相关信息。 每经AI快讯，有投资者在投资者互动平台提问：公开信息显示，包头天顺10月28日中标华能整体式塔 筒，金额21亿元；12月1日中标内蒙古黑城子项目。天顺海装广东公司12月1日中标福建半潜桁架式平 台，金额4990万元；同日长风海装中标浙江海风苍南示范项目导向架 ，金额1938.02万元。请董秘核实 并说明上述中标信息是否属实？如属实，请进一步说明是否已取得中标通知书、相关合同是否已签署或 正在履行中，以及上述项目是否已达到公司信息披露标准。 （记者 王晓波） ...

证券日报网讯12月17日，天顺风能（002531）在互动平台回答投资者提问时表示，截至12月10日股东 81691户。 ...

证券日报网讯 12月17日，天顺风能（002531）在互动平台回答投资者提问时表示，全球海洋经济刚刚 起步，未来市场空间巨大；另一方面岸线资源却是有限的。投资着眼的是未来。 ...

Group 1 - Wind power equipment sector increased by 0.77% on December 17, with He望电气 leading the gains [1] - The Shanghai Composite Index closed at 3870.28, up 1.19%, while the Shenzhen Component Index closed at 13224.51, up 2.4% [1] - He望电气's closing price was 30.65, reflecting a rise of 5.36% with a trading volume of 238,100 shares and a transaction value of 708 million yuan [1] Group 2 - The wind power equipment sector saw a net outflow of 376 million yuan from institutional investors, while retail investors had a net inflow of 444 million yuan [2] - The trading data for various companies showed that He望电气 had a net inflow of 80.12 million yuan from institutional investors, while retail investors had a net outflow of 78.23 million yuan [3] - Other companies like 运达股份 and 德力佳 also experienced varying degrees of net inflows and outflows from different investor types [3]

Core Viewpoint - The company, TianShun Wind Power, acknowledges the growing demand in the global marine economy and emphasizes the limited shoreline resources, indicating a focus on future market potential [1] Group 1: Company Response - TianShun Wind Power addressed an investor's inquiry regarding the inability to meet order demands and the potential sale of idle capacity, highlighting the significant future market space in the marine economy [1] - The company reassured investors that the focus should be on future opportunities despite current capacity constraints [1]

Core Viewpoint - TianShun Wind Power (002531.SZ) plans to issue A-shares to specific investors, aiming to raise up to 1.95 billion yuan for various projects and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The total number of shares to be issued will not exceed 539,063,597 shares, representing up to 30% of the company's total share capital prior to the issuance [2]. - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. Group 2: Fund Utilization - The raised funds will be allocated to several projects, including: - Expansion of the Changfeng New Energy Equipment Manufacturing Base (investment: 48.83 million yuan) [3]. - Phase II of the TianShun (Sheyang) Wind Power Marine Intelligent Manufacturing Project (investment: 21.14 million yuan) [3]. - Phase I of the TianShun (Yangjiang) Heavy Wind Power Marine Equipment Intelligent Manufacturing Project (investment: 49.95 million yuan) [3]. - Construction of the J8 Berth at Yangjiang Port (investment: 31.46 million yuan) [3]. - Purchase of special transport vessels (investment: 44.6 million yuan) [3]. - Supplementing working capital (investment: 56 million yuan) [3]. Group 3: Shareholder Structure - Shanghai Tianshen holds 29.52% of TianShun Wind Power, making it the controlling shareholder, while Yan Junxu indirectly controls 30.26% of the company [4]. - Post-issuance, Yan Junxu is expected to maintain control of at least 23.28% of the shares, indicating no change in control [4]. Group 4: Financial Performance - For the third quarter, the company reported revenue of 1.53 billion yuan, a year-on-year increase of 17.80%, but a net profit of 15.88 million yuan, down 79.01% [8]. - Year-to-date revenue reached 3.72 billion yuan, up 4.56%, while net profit decreased by 76.10% to 69.71 million yuan [8].

Demand: Onshore Wind Capacity Supported, Positive Outlook for Offshore Growth - In 2025, onshore wind capacity is expected to exceed 100GW, with a year-on-year growth of over 25% [2][11] - For offshore wind, the expected capacity for 2025 is between 8-10GW, with a year-on-year increase of 30%+ anticipated for 2026 [12][11] - The "14th Five-Year Plan" period is projected to see an average annual installation of 110-120GW for onshore wind and over 20GW for offshore wind [11][12] Offshore Cable: Voltage Levels Increasing, Leading Players Strengthening - The market size for offshore cables is expected to reach 10.7 billion yuan in 2025, a 62% increase year-on-year, with a compound annual growth rate of 26% from 2025 to 2030 [2][11] - The gross margin for 220kV cables remains stable at 35-40%, while higher voltage cables show promising margins of 45-55% [2][11] Tower and Pile: Domestic Profitability Turning Point, International Expansion Opportunities - Domestic capacity utilization rates have rapidly increased since Q2 2025, indicating a profitability turning point for related companies [2][11] - Internationally, companies are expanding their market share with significant profitability from single pile deliveries [2][11] Wind Turbines: Price Stabilization and Profitability Improvement Expected in 2026 - Wind turbine prices have stabilized, with a rebound of over 5% in bidding prices, leading to improved profitability for domestic manufacturers expected in 2026 [2][11] - Offshore orders and deliveries for wind turbine companies are significantly increasing, with offshore margins exceeding domestic margins by 5-10 percentage points [2][11] Investment Recommendations: Positive Outlook for Offshore Sector - The upcoming deep offshore projects are expected to catalyze growth, with a potential upward adjustment in mid-to-long-term installation levels [2][11] - Recommended stocks include those in the offshore wind sector such as 大金重工, 东方电缆, and others, as well as wind turbine manufacturers like 金风科技 and 明阳智能 [2][11] European Offshore Wind: Accelerated Planning Amid Energy Crisis - Following the energy crisis due to the Russia-Ukraine conflict, European countries are ramping up offshore wind planning, with auction volumes expected to increase significantly [2][21] - The average annual compound growth rate for European offshore wind installations is projected to reach 21% from 2025 to 2030 [2][37]

12月12日晚间，天顺风能（002531）发布定增预案。 据披露，公司拟向特定对象发行股票数量不超过5.39亿股，不超过本次发行前公司总股本的30%，募集 资金总额不超过19.5亿元，拟投向长风新能源装备制造基地扩建项目、天顺(射阳)风电海工智造项目(二 期)、天顺(阳江)重型风电海工装备智能制造项目(一期)、阳江港吉树作业区#J8泊位码头工程项目、特 种运输船舶购置项目及补充流动资金。 谈及本次交易目的，天顺风能表示，公司装备制造板块将逐步实现"陆向海"的战略转型，战略收缩陆上 塔筒和叶片制造业务，不再以规模为导向；战略重心将转移至发展前景更加广阔的海上风电装备制造环 节。在战略布局中，公司专注于海上固定式及漂浮式基础产品的制造，构建深厚的产品护城河，未来将 面向"国内+海外"多元市场，依托现有基地优势，聚焦重点区域客户，深度参与中国沿海项目，积极开 拓欧洲、日韩、东南亚等海外市场，形成国内外协同、产销联动的业务体系。 2025年作为中国海上风电从"规模化扩张"向"高质量跃迁"的关键节点。风电当前已是我国能源结构的重 要组成部分，且占比仍在不断提升。根据国家能源局数据，2025年1-9月，全国风电新增并网容 ...

Group 1: Company Announcements - Yongding Co., Ltd. does not directly manufacture controllable nuclear fusion devices but provides materials for the winding magnets of such devices [1] - Aerospace Power's main business does not involve commercial aerospace, nor does it have any commercial aerospace-related assets for external investment [1] - Zhibang Home intends to repurchase company shares worth between 80 million to 110 million yuan [3] Group 2: Investment Projects - Jiangsu Longsheng Weirui plans to invest approximately 350 million yuan to establish an intelligent robot innovation center [1] - Hainan Development's Zhuhai Sanxin plans to invest in the second phase of its production base project in Zhuhai [2] - New Fengming intends to invest 280 million USD to build a 360,000 tons/year functional fiber project in Egypt [2] Group 3: Contracts and Bids - Dayu Irrigation has pre-won the construction project for high-standard farmland in Inner Mongolia's Chifeng City for 2025 [1] - Dayu Irrigation has also pre-won the construction project for high-standard farmland in Inner Mongolia's Tongliao City for 2025 [2] - *ST Zhisheng has won the bid for the smart city governance (Phase IV) project [1] Group 4: Equity Transactions - Rongzi Technology plans to acquire 54.9688% of Guizhou Xinren's shares for 342 million yuan and will also increase its capital [3] - Tiankang Biological intends to purchase 51% equity of Qiangdu Livestock [2] - Binhai Energy plans to acquire 51% equity of Xingtai New Energy [3] Group 5: Share Buybacks and Holdings - Maide Medical plans to spend between 20 million to 40 million yuan to repurchase shares [3] - Tianli Technology's Qian Yongyao intends to reduce his holdings by no more than 3% [3] - Haichuan Intelligent's Wu Guifang and Zheng Xuefen plan to collectively reduce their holdings by no more than 5.98% [3] Group 6: Fundraising Activities - Tianshun Wind Power plans to raise no more than 1.95 billion yuan through a private placement [3] - Leisai Intelligent plans to raise no more than 1.144 billion yuan through a private placement [3]