Group 1: Company Outlook and Market Position - The company remains optimistic about the healthy and stable development of the wind power industry in the long term, considering overall economic conditions and national policies [2] - The company is enhancing its focus on overseas business, with an increasing share of overseas operations expected to continue this year [2] - The company is positioned as a high-end equipment manufacturing enterprise, aiming to maintain a leading market position in the wind power sector, particularly in offshore wind power [2] Group 2: Export Capacity and Projects - The company has two existing export bases in Shanghai and Baotou, which are nearing saturation, and is advancing the technological transformation project at Blue Island Offshore [2] - The completion of the Blue Island Offshore technological transformation project is expected to significantly enhance the company's export capacity [2] - The company is actively developing new clients in Europe and Japan while maintaining relationships with existing key customers [2] Group 3: Offshore Wind Power Development - Offshore wind power development has been slow but is accelerating, with many projects entering approval and bidding phases, leading to a significant expected increase in installed capacity this year [2] - The Blue Island Offshore base has a strong market share in offshore wind power structures, and the company is forming dedicated teams to track multiple project developments [2] Group 4: Military Transition Progress - The company is progressing normally with its military transition plans, which involve resource assessment and project evaluation, although the approval process may take longer due to the industry's specific requirements [2]

投资者关系活动记录表 证券代码：300129 上海泰胜风能装备股份有限公司-投资者关系活动记录 上海泰胜风能装备股份有限公司 | --- | --- | --- | --- | |-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Wind Power Development - The domestic wind power industry has entered a relatively stable development phase, with limited new market capacity and increased competition [2] - Offshore wind power development is accelerating, with significant growth in new installations expected this year compared to last year [2] Group 2: Blue Island Marine Engineering Orders - As of the end of Q1, Blue Island Marine Engineering has orders exceeding 600 million yuan, showing substantial growth compared to the same period last year [2] Group 3: Cost and Weight Comparison - The weight and cost of offshore wind power foundations are significantly higher than those of onshore wind power, influenced by various factors such as geographical conditions and design structures [2] Group 4: Impact of Steel Prices - Fluctuations in steel prices have led to a decrease in product gross margin compared to last year, although overall profitability remains relatively stable in the long term [2] Group 5: Competitive Landscape - Blue Island Marine Engineering faces competition from companies like Daikin and regional steel structure enterprises, but possesses advantages in management experience and resource accumulation [2] Group 6: Wind Power Operations - The company is developing distributed wind farms in Zhejiang Yuhuan, progressing smoothly despite short-term limitations in certain regional markets [2] Group 7: Military Projects - The company is advancing military-related projects as planned, with ongoing resource assessment and project evaluation [2]

Group 1: Revenue Growth and Market Strategy - The significant growth in offshore wind power and export product revenue is attributed to proactive adjustments in product and market structure, capturing the offshore wind market and expanding overseas markets [2] - Offshore wind revenue and export revenue have increased their share of overall revenue, a trend expected to continue [2] - Despite a downturn in domestic onshore wind power, the company has managed to achieve revenue growth due to effective product and market structure adjustments [2] Group 2: Market Conditions and Clientele - The offshore wind market is experiencing rapid growth, with new installations expected to double compared to last year, supporting the company's development [2] - Major clients in the offshore wind sector include general assembly units such as China Communications Construction Company and Huadian Heavy Industries [2] - The company actively maintains relationships with existing overseas clients while developing new clients in Europe and Japan, ensuring a diverse customer base [2] Group 3: Production Capacity and Cost Factors - The production capacity for onshore wind tower bases is approximately 400 sets in Shanghai and 200 sets in other standard factories, with the ability to quickly expand capacity if necessary [5] - The cost of offshore wind foundations can be 5-10 times higher than onshore wind due to complexity and various influencing factors [2] - Fluctuations in raw material prices can significantly impact the company's gross margin, with stable prices allowing for reasonable profit margins [3] Group 4: Order Fulfillment and Project Management - Most onshore wind orders are expected to be fulfilled within the year, although logistical challenges may cause delays [4] - The company has a robust order execution cycle, with a focus on maintaining project timelines despite potential transportation and installation issues [4]

投资者关系活动记录表 证券代码：300129 上海泰胜风能装备股份有限公司-投资者关系活动记录 上海泰胜风能装备股份有限公司 | --- | --- | --- | --- | --- | |-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

投资者关系活动记录表 证券代码：300129 上海泰胜风能装备股份有限公司-投资者关系活动记录 上海泰胜风能装备股份有限公司 | --- | --- | --- | --- | --- | |-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

投资者关系活动记录表 证券代码：300129 上海泰胜风能装备股份有限公司-投资者关系活动记录 上海泰胜风能装备股份有限公司 | --- | --- | --- | --- | |-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------- ...

Group 1: Industry Outlook - The wind power industry has significant development potential both domestically and globally, with a positive outlook for 2021 [2] - The company anticipates a strong demand for onshore wind power and expects rapid growth in offshore wind power due to the "抢装年" (rush installation year) [2] - The company is optimistic about the domestic wind power market during the "14th Five-Year Plan" period, supported by government policies on carbon emissions [2] Group 2: Product Offerings - The company manufactures a wide range of products for both onshore and offshore wind power, including large diameter segmented towers and various offshore components [2] - Offshore wind power products require higher corrosion resistance and larger structures compared to onshore towers [2] - The company is actively exploring emerging markets in Southeast Asia, Central Asia, Australia, Africa, and South America [2] Group 3: Market Dynamics - Recent price fluctuations in raw materials have impacted the pricing of onshore wind towers, with a recent decline in prices due to stable steel prices and lower costs for flanges and internal components [2] - The company employs a cost-plus pricing model, allowing it to manage risks associated with raw material price volatility effectively [2] - The company is considering expanding production capacity in response to market demands, particularly in regions with higher electricity prices [3] Group 4: Production Strategy - The company is seeking suitable production bases in the Guangdong and Fujian regions for offshore wind power, while also establishing new partnerships in Zhejiang and Jiangsu to meet current market demands [3] - Entry barriers for manufacturers in the offshore wind power sector include the need for suitable assets, technical expertise, and project management experience [3]

Financial Performance - The company's revenue for Q3 2022 was ¥844,607,119.40, a decrease of 11.11% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥66,135,222.62, an increase of 147.22% year-on-year[6]. - The net profit after deducting non-recurring gains and losses reached ¥116,328,767.83, up 408.26% from the previous year[6]. - The company reported total operating revenue of 2,122,634,871.05 RMB for the current period, a decrease of 9.4% compared to 2,344,170,985.25 RMB in the previous period[36]. - Net profit for the period was ¥165,634,475.83, down from ¥203,784,541.30, indicating a decline of approximately 18.69%[39]. - The total profit decreased from ¥242,201,328.35 to ¥196,564,851.31, a decline of about 18.88%[39]. - The total comprehensive income attributable to the parent company was ¥160,780,504.63, down from ¥205,755,470.41, a decline of approximately 22.00%[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,801,096,997.70, representing a 17.14% increase from the end of the previous year[6]. - Total current assets reached 5,487,996,122.23 RMB, up from 4,566,093,558.43 RMB, indicating an increase of about 20.2%[33]. - The total liabilities decreased to 2,849,271,104.69 RMB from 3,028,266,628.16 RMB, showing a reduction of approximately 5.9%[35]. - The company's total assets increased to 6,801,096,997.70 RMB from 5,806,168,349.95 RMB, reflecting a growth of about 17.1%[35]. Cash Flow - The net cash flow from operating activities decreased by 1,860.87% year-on-year, mainly due to increased cash outflows for purchasing goods and services[13]. - Cash inflow from operating activities totaled ¥2,837,266,044.52, slightly down from ¥2,866,786,300.28, a decrease of about 1.03%[43]. - Cash flow from operating activities showed a net outflow of -580,708,946.91, compared to a net inflow of 32,978,565.52 in the previous period[46]. - Total cash inflow from investment activities was 655,446,933.87, down from 1,633,170,012.36 in the prior period[46]. - Cash outflow from investment activities totaled 884,604,547.98, compared to 1,533,801,163.87 previously[46]. - Financing activities generated a net cash inflow of 1,213,928,863.13, a significant increase from a net outflow of -70,075,121.57 in the last period[46]. - The company received 1,080,887,339.76 in cash from investment absorption, indicating strong investor interest[46]. - Cash and cash equivalents increased by 81.55% compared to the beginning of the year, mainly due to an investment of ¥1.08 billion from Guangzhou Kaide Investment Holdings[11]. - Cash and cash equivalents at the end of the period reached 768,100,781.47, up from 423,974,759.49 at the end of the previous period[46]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,137[19]. - The largest shareholder, Guangzhou Kaide Investment Holding Co., Ltd., holds 26.93% of shares, totaling 251,779,903 shares[19]. - The company’s major shareholders include individuals with significant stakes, such as Liu Zhicheng (4.67%) and Huang Jingming (4.17%)[19]. - The company had a unified action relationship among five shareholders, which was dissolved on July 20, 2022[22]. - The company’s stockholder Chen Xiankang holds 3,800,000 shares through a margin trading account[22]. Operational Changes - The company decided to change the use of raised funds, redirecting 80 million RMB originally intended for a wind turbine project to a new project with an annual production capacity of 250,000 tons of tower frames[25]. - The company plans to sell its Canadian subsidiary's assets, with a minimum transaction price of 14.5467 million CAD based on an asset appraisal[26]. - The company’s board of directors approved the sale of assets from its Canadian subsidiary during a meeting on August 16, 2022[26]. - The company established a wholly-owned subsidiary in Guangzhou with a registered capital of 100 million RMB and another with 10 million RMB[5]. Research and Development - Research and development expenses increased significantly from ¥79,629,710.06 to ¥102,327,036.89, representing a growth of about 28.54%[39].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,278,027,751.65, a decrease of 8.32% compared to ¥1,394,013,470.00 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥100,363,147.48, down 43.79% from ¥178,561,231.84 year-on-year[27]. - The basic earnings per share decreased by 46.48% to ¥0.1329 from ¥0.2483 in the previous year[27]. - The total operating revenue for the period was 1.278 billion yuan, down 8.32% year-on-year, with offshore wind equipment revenue dropping 88.88% to 97.24 million yuan, while onshore wind product revenue increased 147.99% to 1.145 billion yuan[54]. - The net profit attributable to the parent company for the reporting period was 100.36 million yuan, a decrease of 43.79% year-on-year, primarily due to production disruptions caused by the pandemic and a downturn in the offshore wind market[54]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,599,795,535.66, an increase of 13.67% compared to ¥5,806,168,349.95 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company increased by 42.08% to ¥3,918,956,253.65 from ¥2,758,273,486.24 at the end of the previous year[27]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥1,815,018,127.02, representing 27.50% of total assets, up from 11.61% last year[79]. - Accounts receivable decreased by 8.37% to ¥1,667,669,576.00, down from ¥1,953,152,373.68 in the previous year[79]. - Inventory increased to ¥1,587,797,932.35, accounting for 24.06% of total assets, compared to 26.00% last year[79]. Cash Flow - The net cash flow from operating activities was negative at -¥159,907,004.66, compared to ¥165,750,130.06 in the same period last year, representing a decline of 317.86%[27]. - The net cash flow from financing activities was ¥1,295,330,825.99, a substantial increase compared to -¥65,722,660.17 in the same period last year, driven by cash received from investments[69]. - The company reported a net increase in cash and cash equivalents of ¥1,075,735,100.81, a remarkable rise of 7,857.90% from ¥13,517,825.05 in the previous year[69]. Investment and Development - Research and development expenses increased by 38.16% to ¥61,739,940.98 from ¥44,687,660.30 in the previous year, reflecting the company's commitment to product innovation[69]. - The company is focused on expanding its market presence and developing new technologies in the wind energy sector[5]. - The company is actively developing new customers in overseas markets, particularly in Australia, South America, and Southeast Asia, with significant growth in overseas orders noted[53]. - The company aims to integrate resources and optimize capacity allocation while controlling investment risks to expand production capacity sustainably[59]. - The company has invested CNY 910.04 million in the 3-10MW offshore wind equipment manufacturing technical transformation project, achieving 100% progress[93]. Market and Industry Outlook - The company is optimistic about the long-term stable development of the wind power market, despite short-term cost pressures and competition in the domestic wind turbine manufacturing industry[44]. - The offshore wind power sector in China is experiencing rapid growth, with the country becoming the largest in the world for offshore wind installed capacity[45]. - The average cost of offshore wind power globally has decreased by 67.5% from 2012 to 2020, with projections to reach 58 USD/MWh by 2025, indicating a favorable trend for the industry[47]. - The offshore wind power market in China is expected to see significant growth, with various provinces setting ambitious development targets, such as Shandong aiming for 10 GW of new offshore wind capacity by 2025[48]. Risks and Challenges - The company faces risks including significant fluctuations in raw material prices and project contract delays[5]. - The company is exposed to project contract delays, which could increase funding costs and hinder production progress[123]. - The competitive pressure in the wind power equipment sector remains high, prompting the company to focus on product quality and brand recognition[127]. - The company has adopted a sales-driven production model to mitigate the impact of raw material price volatility[123]. Corporate Governance and Compliance - The company has maintained compliance with environmental regulations, with no significant environmental pollution incidents or administrative penalties reported during the period[144]. - The company has implemented strict compliance with labor laws and maintains a reasonable compensation policy, ensuring employee rights and a healthy work environment[150]. - The company has established a decision-making and supervision system to protect the rights of shareholders and creditors[145]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[163]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company reported a total cash dividend distribution of 56,093,953.92 RMB (including tax) for the fiscal year 2021, which was implemented on August 12, 2022[146]. - The company raised a total of RMB 1,080,887,339.76, with a net amount of RMB 1,064,832,625.43 after deducting issuance costs[178]. - The company’s total share capital increased by 215,745,976 shares due to the issuance to specific investors[200].