Investment Rating - The report maintains a "Strong Buy" rating for the wind power sector, with specific stock recommendations including Jin Feng Technology and Yun Da Co., Ltd. [1][6] Core Insights - The wind power industry is experiencing significant growth, with a 134.21% year-on-year increase in new installations in the first five months of 2025, totaling 46.28 GW [1][27] - The report highlights the successful international expansion of domestic wind turbine manufacturers, with a 43% increase in wind turbine exports in Q1 2025 [2] - The report notes a decline in bidding prices for offshore wind turbines, with an average price of 3266.17 RMB/kW [2][49] Industry Dynamics - The Zhejiang Provincial Development and Reform Commission has issued guidelines for the transitional pricing policy for renewable energy, effective from June 1, 2025 [1][11] - The report tracks stock performance, noting that the wind power equipment index has a TTM P/E ratio of 32.89 and an MRQ P/B ratio of 1.64 [5][15] - The report indicates that the offshore wind power market is expected to grow significantly, driven by new technology and larger turbine sizes [6] Market Performance - The wind power equipment sector saw a price increase of 0.72% during the week of July 7-11, 2025, underperforming compared to the broader market indices [15][20] - The top-performing stocks in the wind power sector included Shangwei New Materials and Jushi Technology, with increases of 72.88% and 8.98%, respectively [22][24] Installation Data - As of May 2025, the cumulative installed capacity of wind power in China reached approximately 567.49 GW, with a year-on-year growth of 23.10% [27][36] - The report details that land-based wind power installations decreased by 7.90% year-on-year in Q1 2025, while offshore installations increased by 42.03% [2][27] Material Prices - The report notes fluctuations in raw material prices, with increases in rebar and scrap steel prices, while copper prices have decreased [39][50] - Specific prices include rebar at 3113 RMB/ton and scrap steel at 2190.60 RMB/ton, reflecting recent market trends [39][44] Tendering and Pricing Trends - A total of 1743.50 MW of wind turbine projects were tendered during the week, with 33 land-based projects totaling 3477.50 MW [49][51] - The report emphasizes the competitive nature of the bidding process, with several leading manufacturers participating [49][52]

Group 1 - The wind power equipment sector continues to decline, with Jixin Technology (601218) dropping nearly 10% [1] - Taisheng Wind Power (300129) has seen a decline of over 4% [1] - Other companies such as Dajin Heavy Industry (002487), Yunda Holdings (002120), and Jinlei Co., Ltd. (300443) also experienced declines [1]

证券代码：300129 证券简称：泰胜风能 公告编号：2025-037 泰胜风能集团股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1. 本次股东大会未出现否决议案的情形。 2. 本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开基本情况 1. 会议召开时间：泰胜风能集团股份有限公司（以下简称"公司"）2024 年年度股 东大会于 2025 年 6 月 30 日 14:30 召开；其网络投票时间为 2025 年 6 月 30 日，其中通 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 6 月 30 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 6 月 30 日 9:15 – 15:00。 2. 会议召开地点：上海市金山区卫清东路 1988 号 402 会议室 3. 会议召开和投票方式：本次会议采取现场表决和网络投票相结合的方 ...

北京市嘉源律师事务所 关于泰胜风能集团股份有限公司 2024 年年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：泰胜风能集团股份有限公司 北京市嘉源律师事务所 关于泰胜风能集团股份有限公司 2024 年年度股东大会的 法律意见书 嘉源(2025)-04-497 北京市嘉源律师事务所（以下简称"本所"）接受泰胜风能集团股份有限公 司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效的法 律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《泰胜风 能集团股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指派本所律 师对公司 2024 年年度股东大会（以下简称"本次股东大会"）进行见证，并依法 出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供的与本次股东大会有关的文件和资料， ...

Group 1 - The company, Taisheng Wind Power Group Co., Ltd., will hold its 2024 Annual General Meeting on June 30, 2025, using a combination of on-site and online voting methods [1][2] - The meeting will start at 14:30 on June 30, 2025, with online voting available from 9:15 to 15:00 on the same day [1][2] - Shareholders must choose between on-site and online voting, and if duplicate votes are cast, only the first vote will be counted [2] Group 2 - All ordinary shareholders registered by the close of trading on June 23, 2025, are entitled to attend the meeting and can appoint a proxy to vote on their behalf [2][5] - The meeting will review several proposals, including the annual audit report for 2024 and the financial budget for 2025 [2][5] - Independent directors will present their reports during the meeting, and all proposals will require separate voting for minority investors [5] Group 3 - Registration for the meeting requires specific documentation, including identification and proof of share ownership for both corporate and individual shareholders [5][6] - Shareholders can register via mail or fax if they are unable to attend in person, with a deadline for submission set for June 27, 2025 [5][6] - The company provides detailed instructions for participating in online voting through the Shenzhen Stock Exchange systems [6][8]

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。 证券代码：300129 证券简称：泰胜风能 公告编号：2025-036 泰胜风能集团股份有限公司 关于召开 2024 年年度股东大会的提示性公告 泰胜风能集团股份有限公司（以下简称"公司"）于 2025 年 6 月 6 日发布了《关于 召开 2024 年年度股东大会的通知》（2025-034），公司将于 2025 年 6 月 30 日召开 2024 年年度股东大会，本次股东大会将采取现场书面投票和网络投票相结合的方式召开，现 将会议相关事项再次提示公告如下： 一、召开股东大会的基本情况 1．本次股东大会是公司 2024 年年度股东大会。 2．本次股东大会由公司董事会召集。2025 年 4 月 17 日，公司第六届董事会第二 次会议审议通过了《关于召开 2024 年年度股东大会的议案》，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。 4．本次股东大会召开的时间如下： （1）现场会议召开时间：20 ...

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。 泰胜风能集团股份有限公司（以下称"公司"）董事会近日收到审计部总经理（内 部审计机构负责人）朱愈先生的书面辞职报告，朱愈先生因个人原因申请辞去公司审计 部总经理的职务。辞职后，朱愈先生不再担任公司任何职务。 根据有关法律法规、规范性文件和《公司章程》的规定，朱愈先生的辞职报告自公 司董事会收到之日起生效，公司将尽快完成内部审计机构负责人的聘任工作。 证券代码：300129 证券简称：泰胜风能 公告编号：2025-035 泰胜风能集团股份有限公司 关于公司内部审计机构负责人辞职的公告 泰胜风能集团股份有限公司 董 事 会 2025 年 6 月 24 日 1 截至本公告披露日，朱愈先生未直接或间接持有公司股票，不存在应当履行而未履 行的承诺事项。朱愈先生在担任公司审计部总经理职务期间恪尽职守、勤勉尽责，公司 董事会对朱愈先生任职期间为公司内部审计工作做出的贡献表示衷心感谢！ 特此公告。 ...

Investment Rating - The report maintains a "Positive" investment rating for the offshore wind pile industry [12] Core Insights - Recent market attention on the pile segment has increased, with stock price fluctuations primarily driven by performance, which is closely linked to downstream construction volume and company shipment volume [5][8] - In the short term, the offshore wind pile industry is expected to benefit from increased downstream construction in Q2, leading to a dual increase in volume and profit, thereby releasing performance elasticity [9][11] - The long-term outlook suggests that deep-sea development will open up growth opportunities for the pile industry, while overseas offshore wind installations are anticipated to experience significant growth, with domestic companies accelerating overseas expansion [10][11] Summary by Sections Introduction: Volume as the Core Factor Affecting Pile Segment Performance - The report identifies that stock price movements in the pile segment are mainly influenced by performance, which is affected by downstream construction and shipment volumes [8][18] Short-term: Q2 Expected to Mark a Performance Turning Point, with Support for 2025-2026 Outlook - The offshore wind pile industry is projected to benefit from increased construction activity in Q2, with a year-to-date increase in offshore wind construction volume of 23% [9][24] - The report anticipates that the increase in shipments will lead to significant cost dilution effects, enhancing profitability for related companies [9][22] Long-term: Deep-sea Development Opens Industry Growth Space, Offshore Wind Expansion Releases Growth Elasticity - The shift towards deep-sea offshore wind is expected to create long-term growth opportunities for the pile industry, with significant growth anticipated in overseas installations [10][44] - The report highlights that domestic companies are accelerating their overseas expansion efforts, which is expected to release performance growth elasticity [10][11] Investment Recommendations - The report recommends focusing on domestic offshore wind pile companies that are expected to benefit from increased construction activity in the short term and have growth potential in the long term due to deep-sea development and overseas expansion [11][86]

Group 1 - The company, Taisheng Wind Power Group Co., Ltd., has announced the date for the 2024 Annual General Meeting of Shareholders, which will be held on June 30, 2025, at 14:30 [1] - Shareholders can participate in the meeting either in person or through online voting via the Shenzhen Stock Exchange trading system and internet voting system [2][5] - The record date for shareholders eligible to attend the meeting is June 23, 2025, and all ordinary shareholders registered by that date can attend and vote [2][4] Group 2 - The agenda for the meeting includes the approval of the 2024 Annual Audit Report by Huaxing Accounting Firm and other financial reports [3][4] - Specific proposals will require a two-thirds majority vote from attending shareholders, including proxies [4] - Independent directors will present their reports during the meeting, with details available on the company's designated information disclosure website [4][6] Group 3 - Shareholders must register for the meeting, with different requirements for corporate and individual shareholders [4][5] - The company provides a detailed process for online voting, including the voting code and instructions for participation [5][6] - A proxy authorization form is available for shareholders who wish to delegate their voting rights [7]

证券代码：300129 证券简称：泰胜风能 公告编号：2025-034 泰胜风能集团股份有限公司 关于召开 2024 年年度股东大会的通知 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"）2024 年年度股 东大会。 2．本次股东大会由公司董事会召集。2025 年 4 月 17 日，公司第六届董事会第二 次会议审议通过了《关于召开 2024 年年度股东大会的议案》，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。 4．本次股东大会召开的时间如下： 于股权登记日（2025 年 6 月 23 日）下午收市时在中国结算深圳分公司登记在册的 公司全体普通股股东均有权出席股东大会，并可以以书面形式委托代理人出席会议和参 加表决，该股东代理人不必是本公司股东。 （2）公司董事、监事和高级管理人员； （1）现场会议召开时间：2025 年 6 月 30 日（星期一）14 ...