证券代码：300185 证券简称：通裕重工 编号：2016-002 通裕重工股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|--------------------------|------------------------------------|------------------------------------------------------| | | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | | 类别 | □ | 媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （参加机构策略会） | | | | 参与单位名称及 | 中信建投证券： | 杨辰、白夏； | 东方证券： 孙灿； 展博投资： 肖 | | 人员姓名 | 斌； 泓德基金： 刘力思； | 中科沃土基金： | 熊绍龙。 | | | | | | | 时间 | 2016 年 10 月 | 27 日 上午 10:30 | | | 地点 | 通裕重工济南办事 ...

证券代码：300185 证券简称：通裕重工 编号：2020-002 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 | □ 特定对象调研 | £ 分析师会议 | | 动类别 | □ 媒体采访 | £ 业绩说明会 | | | □ 新闻发布会 | £ 路演活动 | | | R 现场参观、座谈交流 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 上海申银万国证券研究所有限公司 张雷 | | 及人员姓名 | | | | 时间 地点 | 2020 年 12 月 10 通裕重工会议室 | 日上午 10:30-12:00 | | 上市公司接待 | | | | 人员姓名 | | 公司副总、董秘黄一桓先生，证券事务代表李振先生 | | 投资者关系活 | 1 ...

编号：2021-001 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 动类别 | 特定对象调研 媒体采访 新闻发布会 现场参观、座谈交流 其他 | 分析师会议 业绩说明会 路演活动 （请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | 摩根士丹利亚洲有限公司 | 副总 ...

通裕重工股份有限公司投资者关系活动记录表 编号：2021-003 | --- | --- | |--------------------|----------------------------| | | | | 特定对象调研 | 分析师会议 | | 媒体采访 | 业绩说明会 | | 新闻发布会 | 路演活动 | | 现场参观、座谈交流 | | | 其他 | （请文字说明其他活动内容） | 投资者关系活 动类别 上海申银万国证券研究所、摩根士丹利亚洲、川财证券、太平洋证券的代表 参与单位名称 证券代码：300185 证券简称：通裕重工 及人员姓名 | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------------------------------| | | 共计 7 人 | | 时间 | 2021 年 8 月 16 日下午 15:30-16:30 | | 地点 | 通裕重工会议 ...

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：2021-006 | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Wind Power Market Overview - As of 2020, China's cumulative installed capacity of onshore wind power reached 278.3 GW, accounting for approximately 39.4% of the global total, making it the largest onshore wind power market in the world [2] - In 2020, China added 52.0 GW of new onshore wind power capacity, ranking first globally for new installations [2] - China's offshore wind power saw a new grid-connected capacity of 3.06 GW in 2020, with a year-on-year growth of 22.74%, representing 50.43% of the global new offshore wind capacity [2] - Cumulative offshore wind power capacity in China reached about 10.0 GW by the end of 2020, ranking second globally, just behind the UK [2] Group 2: Company Position and Production Capacity - The domestic wind power main shaft market has largely replaced imports, with major manufacturers including Tongyu Heavy Industry and Jinlei Co., Ltd. [3] - In 2020, Tongyu Heavy Industry produced approximately 150,000 tons of wind power main shafts, accounting for about 60% of its forging capacity, which decreased to around 50% in the first nine months of 2021 [3] - The company plans to issue convertible bonds to raise no more than 1.5 billion yuan, primarily to invest in projects aimed at enhancing production capabilities for high-end equipment core components [3][4] Group 3: Future Business Layout - Tongyu Heavy Industry aims to enhance its collaborative development advantages in the wind power sector by improving production capacity for wind power main shafts and accelerating new process R&D [3] - The company plans to upgrade its wind power casting components to adapt to larger product sizes and improve product quality to capture more market share [3] - Future projects include the "Energy-saving and Material-saving Project" and the "Large Offshore Wind Power Product Supporting Capability Enhancement Project," which are expected to significantly improve production efficiency and product quality [4] Group 4: Forging Capacity and Market Development - The current forging capacity of Tongyu Heavy Industry is approximately 220,000 tons, with plans to increase capacity by an additional 100,000 tons following the completion of the energy-saving project [4] - The company is focusing on both forged and cast main shafts, with a marketing model based on "sales-driven production" to meet diverse customer needs [4] - The transition to die forging technology is expected to reduce production costs for forged main shafts and enhance overall product quality [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：2021-005 | --- | --- | --- | |---------------------------|-------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 动类别 | 特定对象调研 媒体采访 新闻发布会 现场参观、座谈交流 其他 ...

Group 1: Company Overview and Product Offerings - Tongyu Heavy Industry Co., Ltd. is one of the few domestic companies with a large comprehensive R&D and manufacturing platform, capable of supplying forged, cast, and structural components in bulk [2] - The company focuses on wind power products, providing various components such as wind turbine main shafts, hubs, frames, and bearings [2][3] - The company has expanded into modular wind power equipment, supplying modular products to wind turbine manufacturers, which reduces transportation costs and assembly workload for clients [3] Group 2: Production Capacity and Expansion Plans - The current forging capacity is approximately 220,000 tons, with casting capacity around 160,000 tons, of which over 90% is for wind power products [3][4] - The company plans to enhance its forging technology and production efficiency through a new project that will increase overall forging capacity by 100,000 tons [4] - A convertible bond project is underway to fund two investment projects, including one aimed at upgrading energy-saving and material-saving processes for high-end equipment core components [3][4] Group 3: Market Performance and Financial Metrics - In 2020, the company experienced a surge in wind turbine main shaft orders due to a "rush installation" trend, with production exceeding 150,000 tons, accounting for about 60% of total forging capacity [4] - However, in the first three quarters of 2021, orders for wind turbine main shafts decreased year-on-year, leading to a decline in production [4] - The overall gross margin dropped 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% [5] Group 4: Future Outlook and Strategic Initiatives - The company anticipates continued growth in the offshore wind power sector, with significant policy support and a growing market presence [5] - A new project in Qingdao aims to enhance the production capacity for large offshore wind power components, targeting an annual output of 360 sets of large offshore wind structural components [5]

编号：2021-013 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 | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | 分析师会议 \n 业绩说明会 \n 路演活动 \n现场参观、座谈交流 \n电话会议交流 | | 参与单位名称 及人员姓名 | 电话会议；国投瑞银、中银国际的参会代表共 4 人。 | | 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 ...

Group 1: Wind Power Main Shaft Production - The production capacity of wind power main shafts has been increasing annually due to the rapid development of the wind power industry and optimization of manufacturing processes [2] - In 2020, the production of wind power main shafts exceeded 15,000 units, but in 2021, production decreased due to a decline in demand from downstream wind turbine manufacturers [2][3] - The company has established a customer base that includes major international and domestic wind turbine manufacturers such as GE, Vestas, and Shanghai Electric [2] Group 2: Casting Production and Market Trends - The company began mass production of wind power castings in 2017, achieving nearly 10,000 tons in 2020, with a significant portion dedicated to wind power products [3] - In 2021, casting production decreased due to subsidy reductions and rising raw material prices, indicating a need for continuous improvement in technology and production processes [3] - The company is currently producing cast main shafts for some clients, but their proportion in overall production remains small [3] Group 3: Forging Capacity Expansion Plans - Forging products are crucial for the company, with plans to enhance production efficiency and reduce costs through a convertible bond issuance for a new energy-saving project [3] - The project aims to upgrade the manufacturing process from free forging to die forging, which will significantly improve material utilization rates from 50%-70% to higher levels [3] - The expected construction period for this project is 2 years, after which existing forging machines can be utilized for other products, enhancing overall capacity [3] Group 4: Profit Margin and Market Challenges - The gross margin for wind power main shafts has remained stable, but there has been a decline in orders and margins in 2021 due to various market pressures [4] - Factors such as the decline in demand from the "rush installation" trend and rising raw material costs have negatively impacted production costs and profitability [4] - The company is actively implementing measures to improve product quality and reduce costs to enhance market competitiveness [4] Group 5: Offshore Wind Power Market Preparation - The company's revenue from offshore wind power products is currently limited, but there is significant potential for growth as the market matures [4] - The company has initiated a project to enhance production capabilities for large offshore wind components, addressing transportation challenges and reducing costs [4] - Future revenue from offshore wind power products is expected to increase significantly as the market develops [4]