编号：2021-010 证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|--------------------|-------------------------------------------------------------| | | | | | 投资者关系活 | | 分析师会议 | | 动类别 | | 业绩说明会 | | | | 路演活动 | | | | | | | | | | | 一、 | | | | 第一场：电话会议。 | | | | | 泰达宏利的参会代表共 5 人 | | | 第二场：电话会议 | | | | | 金鹰基金的参会代表共 5 人 | | | 第三场：电话会议 | | | | | 嘉实基金的参会代表共 7 人 | | | 第四场：电话会议 | | | | | 国寿安保的参会代表共 3 人 | | | 第五场：电话会议 | | | | | 富国基金的参会代表共 4 人 | | | 第六场：电话会议 | | | 参与单位名称 | | 华宝兴业的参会代表共 5 人 | | ...

Group 1: Company Development Projects - The company plans to issue convertible bonds worth 1 billion to invest in energy-saving and material-saving projects and offshore wind power projects, enhancing its core component manufacturing capabilities [2] - The energy-saving project aims to upgrade forging processes, increasing production efficiency and reducing costs, with an expected increase in forging capacity by 100,000 tons [3] - The offshore wind power project is expected to achieve an annual production capacity of 360 large offshore wind structural components [3] Group 2: Product Composition and Market Strategy - The company has developed a comprehensive manufacturing platform, supplying various wind power products including forged and cast components [3] - The company is transitioning to a modular supply model for wind power key components, enhancing customer loyalty and reducing transportation costs [3] - The company’s marketing strategy is based on "sales-driven production," adapting to customer orders for both forged and cast main shafts [4] Group 3: Financial Performance and Challenges - The company's gross profit margin decreased from 23.78% in 2020 to 18.35% in the first nine months of 2021, with main shaft gross margin at 29.36% and casting gross margin at 16.82% [4] - Rising raw material prices have significantly impacted the company's cost structure, necessitating a mixed procurement strategy to manage costs [4] - The company’s wind power main shaft production reached over 150,000 tons in 2020, accounting for approximately 60% of total forging capacity, but faced a decline in orders in 2021 [5] Group 4: Management and Incentives - Following the acquisition by Zhuhai Port Group, the company has implemented performance-based incentives linked to net profit growth and individual performance [4] - A development quality reward fund has been established to incentivize management based on achieving net asset return targets [4]

证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 编号：2021-016 | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 分析师会议 | | 投资者关系活 动类别 | 业绩说明会 路演活动 现场参观、座谈交流 | | 参与单位名称 及人员姓名 | 银华基金的参会代表共 7 人 ...

Group 1: Company Overview and Product Offerings - Tongyu Heavy Industry has developed a comprehensive R&D and manufacturing platform for wind power products, including various types of forged, cast, and structural components [2][3] - The company provides modular products to wind turbine manufacturers, enhancing customer stickiness and reducing transportation costs [3][4] Group 2: Competitive Advantages - The company has established a complete manufacturing chain integrating smelting, casting, forging, welding, heat treatment, and machining, which enhances its competitive edge in the wind power spindle market [3][4] - Tongyu Heavy Industry's wind power spindle was recognized as a "Champion Product" by the Ministry of Industry and Information Technology in 2018 and re-evaluated in 2021 [3][4] Group 3: Future Business Layout - The company plans to enhance its wind power business by increasing spindle production capacity and accelerating new process R&D [4][5] - Two fundraising projects are planned, aiming to raise up to 1.5 billion CNY for energy-saving and large offshore wind power product capabilities [4][5] Group 4: Market Trends and Government Support - The wind power sector is supported by government policies, with 47.6 GW of new installed capacity in 2021, marking the second-highest annual installation since the 13th Five-Year Plan [5] - As of the end of 2021, China's cumulative wind power installed capacity reached 328.4 GW, with a significant focus on enhancing the scale of wind and photovoltaic power generation [5]

编号：2022-002 证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 | --- | --- | --- | |---------------------------|------------|---------------------------------------------------------------------------------------------------------------------------------------| | | | | | | 分析师会议 | | | | 业绩说明会 | | | 投资者关系活 | 路演活动 | | | 动类别 | | | | | | | | 参与单位名称 及人员姓名 | 8 人 | 电话会议：东北证券、泰德圣投资、中金基金、中欧瑞博、前海人寿资管、 金信基金、华泰资管的参会代表共 | | 时间 | | | | | | | | 地点 | | 通裕重工会议室（电话会议） | | 上市公司接待 | | 副总经理、董事会秘书黄一桓先生 | | 人员姓名 | | 证券事务总监助理、证券部经理、证券事务代表 ...

Production Capacity and Expansion Plans - The company currently has a forging capacity of approximately 220,000 tons, with plans to increase this by an additional 100,000 tons through the implementation of a new project [2][3]. - The new project involves the construction of a large die forging workshop equipped with a 700MN die forging press, aimed at enhancing the production efficiency and quality of key components such as wind turbine main shafts [2][4]. Financial Performance and Material Costs - In 2021, the company's overall gross margin decreased from 23.78% in 2020 to 18.35% due to rising raw material prices and a decline in wind turbine shaft orders [3]. - The gross margin for main products in the first nine months of 2021 was 29.36% for shafts and 16.82% for castings [3]. Market Trends and Product Strategy - The market for cast shafts is growing, but forged shafts remain more stable in performance. The company is monitoring market demand closely and aims to utilize its casting capacity effectively [3][4]. - The offshore wind power sector is expected to grow significantly, with China achieving a new installed capacity of 3.06GW in 2020, representing a year-on-year increase of 22.74% [4]. Competitive Advantages - The company has established a comprehensive manufacturing chain that includes smelting, casting, forging, welding, heat treatment, machining, and large equipment design, enhancing its competitive edge in the wind power market [4]. - The company has developed long-term partnerships with numerous wind turbine manufacturers, which strengthens its market position and customer base [4].

Financial Performance - 2021年风电主轴收入为9.12亿元，铸件收入为12.61亿元，均较2020年下降 [3] - 2022年第一季度业绩下降主要受原材料价格上涨、风机招标价格下跌及疫情影响 [3] - 截至2022年3月底，公司及子公司拥有在手订单金额约20亿元 [3] Strategic Initiatives - 公司计划发行可转债募集资金，主要投资建设"高端装备核心部件节能节材工艺及装备提升项目"和"大型海上风电产品配套能力提升项目" [2] - 通过建设节能节材项目，将风电主轴等锻件产品的自由锻工艺提升为模锻工艺，提高材料利用率和生产效率 [2] - 在青岛即墨临港产业基地建设海上风电项目，提升海上风电大型化部件的生产能力 [3] Product Development - 公司将继续提升风电主轴生产能力，加快推进新工艺研发创新 [2] - 风电铸件加快适应产品大型化的升级提升，狠抓产品质量 [2] - 风电结构件要高标准、高水平做好生产体系的优化和扩建 [2] - 公司为东方电气13MW永磁直驱海上风电机组提供机架产品，单件重量达58.5吨 [4] Market Outlook - 2021年全球风电新增装机量为93.6GW，累计装机量达到837GW [4] - 中国海上风电增量占全球的80%，超越英国成为全球海上风电累计装机最多的国家 [4] - 公司对我国风电行业发展前景充满信心，认为风电行业具有广阔的发展空间 [4] Operational Challenges - 2021年公司业绩下降主要受原材料价格持续大幅上涨和风机招标价格下跌影响 [3] - 2022年第一季度业绩受疫情影响，交通及人员流动受限 [3] Industry Trends - 风力发电具有蕴藏量大、可再生、分布广、无污染、技术成熟、良好的经济性等特点 [4] - 国家提出的"双碳"战略目标和"十四五"规划明确支持风电、光伏等清洁能源的发展 [3]

证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 编号：2022-008 | --- | --- | --- | |------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

编号：2022-013 证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

通裕重工股份有限公司投资者关系活动记录表 证券代码：300185 证券简称：通裕重工 编号：2022-012 | --- | --- | --- | |---------------------------|---------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | 特定对象调研 | 分析师会议 | | | 媒体采访 | 业绩说明会 | | 投资者关系活 动类别 | 新闻发布会 | 路演活动 | | | 现场参观、座谈交流 其他 电话会议交流 | | | | 6 月 22 日 第一场：电话会议 汇丰晋信 ...