Core Viewpoint - The financial performance of Taisheng Wind Power (300129) for the first half of 2025 shows a significant increase in revenue but a decline in net profit, indicating potential challenges in profitability despite revenue growth [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 2.299 billion yuan, a year-on-year increase of 38.83% compared to 1.656 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 119 million yuan, down 8.08% from 130 million yuan in the previous year [1]. - The gross profit margin decreased to 12.88%, a decline of 34.74% from 19.73% in 2024 [1]. - The net profit margin also fell to 5.01%, down 35.82% from 7.80% in the previous year [1]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of -0.03 yuan per share, improving by 96.73% year-on-year [1][3]. Cost and Expense Analysis - Operating costs increased by 50.69%, attributed to a rise in domestic sales tonnage [3]. - Sales expenses decreased by 21.61%, due to reduced costs related to bidding and service fees [3]. - Management expenses rose by 16.92%, primarily due to increased employee compensation [3]. - Financial expenses surged by 93.19%, linked to exchange losses as the US dollar experienced fluctuations [3]. Cash Flow and Debt Management - The company’s cash and cash equivalents increased by 182.43%, reflecting changes in operating, investing, and financing cash flows [3]. - The ratio of cash and cash equivalents to current liabilities stands at 34.94%, indicating potential liquidity concerns [4]. - The accounts receivable to net profit ratio reached 1509.97%, highlighting significant credit risk [4]. Market Position and Future Outlook - Analysts project the company's performance for 2025 to reach a net profit of 320 million yuan, with an average earnings per share of 0.34 yuan [5]. - The company’s return on invested capital (ROIC) was reported at 4%, indicating weak capital returns historically [4]. Fund Holdings - The largest fund holding Taisheng Wind Power is the Yinhua Dynamic Leading Mixed A Fund, which holds 582,700 shares and has shown a significant increase in value over the past year [6].

Group 1 - The company achieved a revenue of 2.299 billion yuan in the first half of 2025, representing a year-on-year growth of 38.83% and a net profit attributable to shareholders of 119 million yuan [1] - The company's onshore wind power equipment products, including concrete towers, generated a revenue of 1.882 billion yuan, up 25.61% year-on-year, with concrete tower products alone achieving a revenue of 244 million yuan, a significant increase of 259.06% [1] - The offshore wind power business generated a revenue of 363 million yuan, marking a year-on-year growth of 226.21%, contributing to an overall revenue increase of 39.49% in wind power and offshore equipment manufacturing for the first half of 2025 [1] Group 2 - The company is focusing on expanding its overseas business, having established a European center in Germany and successfully obtaining supplier certification from several major overseas clients since the launch of its Yangzhou base in 2023 [2] - The company aims to steadily develop its main wind power and offshore equipment manufacturing business in 2025, targeting a total production goal of 700,000 tons of steel towers and 250 sets of concrete towers, with approximately 46% and 42% of these targets completed by the end of June [2] - The company is also venturing into innovative businesses by signing a strategic cooperation agreement with domestic manufacturers in the aerospace sector, planning to leverage synergies with its existing operations while enhancing growth momentum through investment and resource-driven strategies [2]

Group 1 - The core viewpoint of the report highlights that Taisheng Wind Power achieved significant growth in revenue and net profit in the first half of 2025, with total revenue reaching 2.299 billion yuan, a year-on-year increase of 38.83% [1] - The company's revenue from onshore wind power equipment, including concrete towers, amounted to 1.882 billion yuan, reflecting a year-on-year growth of 25.61% [1] - The concrete tower products showed exceptional performance, generating revenue of 244 million yuan, which is a remarkable increase of 259.06% year-on-year [1] - The offshore wind power business also demonstrated recovery, with revenue of 363 million yuan, marking a year-on-year increase of 226.21% [1] - Overall, the wind power and marine engineering equipment manufacturing business saw a revenue increase of 39.49% year-on-year, serving as the main driver of the company's performance growth [1] Group 2 - In 2025, the company aims to continue steady development in wind power and marine engineering equipment manufacturing, seizing market opportunities to enhance market share in both domestic and overseas concrete tower businesses [1] - The production targets for 2025 include achieving a total output of 700,000 tons of steel towers and 250 sets of concrete towers, with approximately 46% of the steel tower target and 42% of the concrete tower target completed by the end of the reporting period [1] - In the zero-carbon business sector, the company will ensure the operational performance of the 50MW distributed wind power project in Song County, Henan, while promoting wind farm construction projects in various regions [2] - The company’s subsidiary has completed the grid connection of a 4.27MW rooftop distributed photovoltaic project, which will contribute to reducing carbon emissions and enhancing economic benefits [2] - A strategic cooperation agreement was signed with a domestic rocket manufacturer to explore new technologies and applications in the commercial aerospace sector, leveraging synergies with existing business [2]

Core Viewpoint - The company reported a significant increase in revenue for the first half of 2025, but a decline in net profit compared to the previous year [2]. Financial Performance - The company's revenue for the first half of 2025 is approximately 2.299 billion yuan, representing a year-on-year increase of 38.83% [2]. - The net profit attributable to shareholders of the listed company is approximately 119 million yuan, showing a year-on-year decrease of 8.08% [2]. - The basic earnings per share are 0.1274 yuan, which is also a decrease of 8.08% year-on-year [2].

Group 1 - The company announced that its fifth supervisory board's 20th meeting approved multiple proposals, including the 2025 semi-annual report and its summary [2]

Group 1 - The company announced the approval of multiple proposals during the fourth meeting of the sixth board of directors, including the 2025 semi-annual report and its summary [2]

Group 1 - The company, Taisheng Wind Power (300129.SZ), reported a revenue of 2,298.54 million yuan for the first half of the year, representing a year-on-year increase of 38.83% [1] - The net profit attributable to the parent company was 119.08 million yuan, showing a year-on-year decrease of 8.08% [1] - The decline in net profit was attributed to rising procurement prices of raw materials such as steel and flanges, which led to a decrease in project gross margin for domestic projects [1] Group 2 - The gross margin for overseas business also decreased due to changes in customer structure [1] - Overall, the decline in gross margin during the reporting period negatively impacted the net profit achieved [1]

证券代码：300129 证券简称：泰胜风能 公告编号：2025-045 泰胜风能集团股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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。 次会议审议通过了《关于召开 2025 年第二次临时股东大会的议案》，决议召开本次股 东大会。 范性文件、深交所相关业务规则和《公司章程》等的规定，具有合法、合规性。 （1）现场会议召开时间：2025 年 9 月 12 日（星期五）14:30 （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的起止时间为：2025 年 9 月 12 日的 交易时间，即 9:15 – 9:25，9:30 – 11:30 和 13:00 – 15:00； 通过深圳证券交易所互联网投票系统进行投票的起止时间为：2025 年 9 月 12 日 （现场会议召开当日）9:15 – 15:00。 公司将通过深圳证券交易所交易系统和深圳证券交易所互联网投票系统向全体股东提 供网络形式的投票平台，公司股东可以在网络投票的时间段内通过上述系统行使表决权。 公司股东应在现场投票、网络投票方式中选择其 ...

证券代码：300129 证券简称：泰胜风能 公告编号：2025-039 泰胜风能集团股份有限公司 关于 2024 年年度权益分派实施后调整向特定对象发行股票 发行价格和募集资金总额的公告 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。 重要内容提示： 由于泰胜风能集团股份有限公司（以下简称"公司"）2024 年年度权益分派已实施 完毕，公司 2024 年度向特定对象发行股票（以下简称"本次发行"）的发行价格由 6.82 元/股调整为 6.76 元/股，本次发行募集资金总额由不超过 118,636.64 万元（含本数） 调整为不超过 117,592.92 万元（含本数）。除上述调整外，公司本次发行的其他事项未 发生变化。 一、 调整前本次发行的基本情况 会议，并于 2024 年 3 月 18 日召开 2024 年第一次临时股东大会，审议通过了本次发行 的相关议案。2024 年 12 月 2 日，公司召开第五届董事会第十八次会议，对本次发行 方案的发行价格和募集资金总额进行了修订；2024 年 12 月 13 日，公司召开第五届董 事会第十九次会议，鉴于公司存在财 ...

泰胜风能集团股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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。 一、 召开股东大会的基本情况 1．本次股东大会是泰胜风能集团股份有限公司（以下简称"公司"）2025 年第二 次临时股东大会。 2．本次股东大会由公司董事会召集。2025 年 8 月 20 日，公司第六届董事会第四 次会议审议通过了《关于召开 2025 年第二次临时股东大会的议案》，决议召开本次股 东大会。 3．公司董事会认为本次股东大会的召开符合相关法律、行政法规、部门规章、规 范性文件、深交所相关业务规则和《公司章程》等的规定，具有合法、合规性。 证券代码：300129 证券简称：泰胜风能 公告编号：2025-045 4．本次股东大会召开的时间如下： （1）现场会议召开时间：2025 年 9 月 12 日（星期五）14:30 （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的起止时间为：2025 年 9 月 12 日的 交易时间，即 9:15 – 9:25，9:30 – 11:30 和 13:00 – 15:00； 通过深圳 ...