Core Viewpoint - Jinlei Co., Ltd. has shown a significant increase in stock price and financial performance, indicating strong growth potential in the wind power equipment sector [1][2]. Group 1: Stock Performance - As of January 14, Jinlei's stock price increased by 2.04% to 30.06 CNY per share, with a trading volume of 1.27 billion CNY and a turnover rate of 1.76%, resulting in a total market capitalization of 96.23 billion CNY [1]. - Year-to-date, Jinlei's stock price has risen by 6.86%, with a 3.44% increase over the last five trading days, 4.96% over the last twenty days, and 10.23% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Jinlei achieved a revenue of 2.119 billion CNY, representing a year-on-year growth of 61.35%, and a net profit attributable to shareholders of 305 million CNY, reflecting a 104.59% increase [2]. - Since its A-share listing, Jinlei has distributed a total of 506 million CNY in dividends, with 210 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of Jinlei's shareholders decreased by 7.27% to 27,900, while the average number of circulating shares per person increased by 7.84% to 8,701 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest with 4.2502 million shares, an increase of 1.0937 million shares from the previous period [3].

格隆汇1月12日丨金雷股份(300443.SZ)在投资者互动平台表示，公司生产的产品目前未涉及航天航空、 商业航天领域。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司及下属单位目前除风电设备外，生产铸锻 件以及精密轴承、配件是否直接或间接为航天航空、商业航天等提供产品？ 金雷股份（300443.SZ）1月12日在投资者互动平台表示，公司生产的产品目前未涉及航天航空、商业航 天领域。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the article is that Jinlei Co., Ltd. (300443) has established strong business relationships with several high-quality shipbuilding manufacturers, covering various ship-related products [1] - The company focuses on enhancing its intrinsic value through steady operations and high-quality development, while ensuring effective information disclosure and investor communication [1] - The classification of stock concepts is determined by different financial terminals or related software based on their own standards, and inquiries can be directed to the respective terminal providers [1]

Group 1 - The company, Jinlei Co., Ltd. (300443.SZ), primarily engages in the research, development, production, and sales of wind power main shafts and other large castings and forgings [2] - The products of the company are widely applied in various industries, including wind power, shipping, mining machinery, and energy power [2]

Group 1 - The company, Jinlei Co., Ltd. (300443.SZ), has established strong business relationships with several high-quality shipbuilding manufacturers, covering various ship-related products such as rudder shafts, motor shafts, rudder pins, and sleeves [1] - The company has achieved bulk supply in the shipbuilding sector, with its forged ship components being widely applicable to various types of vessels, including container ships and LNG carriers [3] - There is an inquiry regarding the current status of the company's ship-related business, including product supply scale and core cooperative clients, as well as whether the company's stock has been included in the shipbuilding or ship parts concept sector [3]

Group 1 - The company, Jinlei Co., Ltd. (300443), announced plans to implement two share buybacks in 2024, with a total buyback amount exceeding 100 million yuan [1] - A total of 5,319,300 shares have been repurchased and fully canceled [1]

Investment Rating - The report maintains a positive outlook on the wind power industry, indicating a long-term growth trend driven by economic factors and increasing demand for renewable energy [6]. Core Insights - Global wind power demand is expected to maintain a long-term boom due to economic drivers and the increasing electrification needs, with projected global new installations of 167GW in 2025, a year-on-year increase of 34%, and 196GW in 2026, a year-on-year increase of 18% [2][13]. - Domestic wind power installations are anticipated to break the five-year planning cycle, with significant contributions from offshore wind, replacement projects, and green electricity connections, leading to continued growth [2][14]. - The overseas wind power market is projected to experience sustained demand growth, with a compound annual growth rate (CAGR) of 14% from 2025 to 2030, particularly in the European offshore wind sector, which is expected to grow at a CAGR of 32% [3][50]. Summary by Sections Economic Drivers of Global Wind Power Demand - The report highlights that the global wind power demand is expected to remain robust due to economic factors and the electrification trend, with specific forecasts for new installations in 2025 and 2026 [2][13]. - Domestic demand is supported by market reforms and initiatives such as "old-for-new" replacements and green electricity connections, with expectations of continued growth in installations [14][19]. Profitability and Investment Recommendations - The report suggests that the profitability of wind turbine manufacturers is set to improve, with a notable increase in the average bidding price for onshore wind turbines in 2025, which is expected to rise by approximately 11% [4][29]. - The report recommends focusing on three main investment lines: turbine manufacturers, offshore cable and foundation suppliers, and component manufacturers benefiting from domestic and international market opportunities [6][51]. Offshore Wind Market Dynamics - The report indicates that the European offshore wind market is poised for significant growth, with a recovery in project bidding expected in 2026 after a period of delays and cancellations [59][67]. - The report emphasizes the importance of policy adjustments in Europe that are likely to enhance project success rates and support continued demand growth in the offshore wind sector [59][61].

Group 1 - The wind power equipment sector experienced a significant increase in stock prices, with Taisheng Wind Power (300129) hitting a 20% limit-up and reaching a new high [1] - Other companies in the sector, including Zhonghuan Hailu (301040), Weili Transmission (300904), Tianneng Heavy Industry (300569), Jinlei Co., Ltd. (300443), and China Shipbuilding Technology (600072), also saw their stock prices rise [1]

Core Viewpoint - Jinlei Co., Ltd. has acquired a controlling stake in Liaoyuan Science and Technology Research Institute Co., Ltd. to enhance its capabilities in the research, production, and sales of sliding bearings and related products [1] Group 1: Investment Strategy - The investment aims to explore business opportunities in the new energy operation and maintenance market in collaboration with Xi'an Hangqi Gongyuan Technology Development Co., Ltd. [1] - The company seeks to link market opportunities in other energy power equipment component manufacturing sectors [1] Group 2: Product Applications - Jinlei's precision shaft products are widely applicable in the energy and power sector, including hydropower units, thermal power units, and various types of motor shafts [1]