近日，四川省发展和改革委员会发布《关于巴中通江洪口风电项目核准的批复》。根据批复，巴中通江洪口风电项目建设地点位于巴中市通江县洪口镇、 龙凤场镇和松溪乡境内。项目总装机容量20万千瓦，安装32台0.625万千瓦风力发电机组，同步新建1座220千伏升压站及场内集电线路，平均年发电量 38500万千瓦时，等效满负荷年利用小时数1925小时。 近日，四川省发展和改革委员会发布《关于巴中通江洪口风电项目核准的批复》。根据批复，巴中通江洪口风电项目建设地点位于巴中市通江县洪口镇、 龙凤场镇和松溪乡境内。项目总装机容量20万千瓦，安装32台0.625万千瓦风力发电机组，同步新建1座220千伏升压站及场内集电线路，平均年发电量 38500万千瓦时，等效满负荷年利用小时数1925小时。 项目总投资99529万元，建设工期18个月。项目单位为通江县久恒风力发电有限公司，该公司为运达股份旗下子公司。 项目总投资99529万元，建设工期18个月。项目单位为通江县久恒风力发电有限公司，该公司为运达股份旗下子公司。 ...

Core Viewpoint - The domestic wind power market in China continues to thrive in 2025, with significant growth in installed capacity and a clear differentiation between onshore and offshore wind development [3][4]. Group 1: Installed Capacity Growth - In 2025, China added 18,272 wind turbines, resulting in a new installed capacity of 130 million kilowatts, marking a historical high with a year-on-year growth of 49.9%, significantly surpassing the 9.6% growth in 2024 [3]. - Onshore wind power remains the dominant force, contributing 125 million kilowatts, which accounts for 95.8% of the total new installations, an increase of 2.3 percentage points from 2024 [3]. - Offshore wind power saw a decline in new installations, with a capacity of 5.56 million kilowatts, down 2.3% year-on-year, representing only 4.2% of the total new capacity [3]. Group 2: Technological Advancements - The average capacity of newly installed wind turbines in 2025 reached 7,160 kilowatts, reflecting an 18.3% increase year-on-year, driven by cost control and efficiency improvements post-grid parity [4]. - Onshore wind turbines had an average capacity of 7,069 kilowatts, up 20.1%, while offshore turbines saw a slight increase to 10,054 kilowatts, entering the mature stage of 10 MW+ models [5]. Group 3: Market Concentration - The number of wind turbine manufacturers with new installations decreased from 13 to 10, with the top seven companies accounting for 91.8% of the market share, indicating a strengthening of oligopoly effects in the industry [5]. - Goldwind Technology led the market with 25.9 million kilowatts, representing 19.8% of the total, followed by other major players like Envision Energy and Mingyang Smart Energy, forming a stable first tier with a combined share of 73.4% [5]. Group 4: Export Growth - In 2025, China exported 1,175 wind turbines with a total capacity of 7.734 million kilowatts, achieving a year-on-year growth of 48.9%, setting a new historical record [6]. - By the end of 2025, the cumulative export capacity reached 28.522 million kilowatts, with significant markets in developing countries such as Vietnam and Saudi Arabia [6]. - The export market is also dominated by leading companies, with Goldwind Technology accounting for 386.2 million kilowatts, representing nearly half of the total exports [6]. Group 5: Global Market Opportunities - The global wind power market is expected to see profound changes, with a forecast of 1.06 billion kilowatts of new installations by 2030, while many regions lack the local industry capabilities to meet this demand [7]. - Chinese wind power manufacturers are becoming key suppliers in emerging markets due to their competitive advantages in cost, delivery speed, and engineering capabilities [7]. - The strategy of Chinese wind power companies is shifting from mere product exports to establishing localized production and service bases in over 20 countries, including India and Germany [7][8].

Group 1 - The domestic wind power market in China is expected to maintain high prosperity in 2025, with a record new installed capacity of 130 million kilowatts, a year-on-year increase of 49.9% [1] - Onshore wind power remains the absolute mainstay of growth, accounting for 95.8% of new installations, while offshore wind power saw a decline in new capacity by 2.3% [1] - The increase in installed capacity is driven by developers pushing onshore projects ahead of policy adjustments, aiming for over 50% renewable energy in their generation assets by the end of 2025 [1] Group 2 - The average capacity of newly installed wind turbines in China reached 7160 kilowatts, an 18.3% year-on-year increase, reflecting a trend towards larger turbine sizes [2] - The number of wind turbine manufacturers with new installations decreased from 13 to 10, with the top seven companies accounting for 91.8% of the market share [2] - Goldwind Technology leads the market with 25.9 million kilowatts, representing 19.8% of the total, followed by other major players [2] Group 3 - The export of Chinese wind turbines reached a historical high with 1175 units and a capacity of 773.4 million kilowatts, a 48.9% increase year-on-year [3] - Major markets for exports include developing countries, with Goldwind Technology dominating the export market [3] - The global wind power market is undergoing significant changes, providing opportunities for Chinese companies to become key suppliers in emerging markets due to their competitive advantages [4] Group 4 - Chinese wind power companies are transitioning from product exports to localized production and service layouts in over 20 countries [4] - The industry is moving towards a "deep cultivation" phase, establishing localized operations rather than merely responding to orders [5] - The focus is on integrating global resources and adapting to local environments to serve the global market effectively [5]

Group 1 - The core viewpoint of the articles highlights the significant growth and transformation of China's wind power industry, particularly in its overseas expansion and local production capabilities [1][5] - In 2025, China's domestic wind power market is expected to maintain high prosperity, with a record installation of 1.3 million kilowatts, a year-on-year increase of 49.9%, significantly surpassing the 9.6% growth rate of 2024 [1] - The onshore wind power sector remains the dominant force in domestic growth, accounting for 95.8% of new installations, while offshore wind power faces challenges, with a 2.3% decline in new capacity [1] Group 2 - The trend towards larger wind turbine capacities is evident, with an average new installation capacity of 7160 kilowatts in 2025, reflecting an 18.3% year-on-year increase [2] - The concentration of the wind turbine manufacturing industry is increasing, with the number of companies with new installations decreasing from 13 to 10, and the top seven companies capturing 91.8% of the market share [2] - Leading companies such as Goldwind Technology, with 2590 megawatts and a 19.8% market share, dominate the sector, while smaller brands are rapidly exiting the market [2] Group 3 - The overseas market is becoming a crucial growth area for Chinese wind power companies, with a record export of 773.4 megawatts in 2025, a 48.9% increase year-on-year [3] - The export market is also led by major companies, with Goldwind Technology accounting for nearly 54% of offshore wind turbine exports [3] - The global wind energy market is undergoing significant structural changes, presenting opportunities for Chinese companies to leverage their competitive advantages in cost, delivery speed, and engineering capabilities [4] Group 4 - Chinese wind power companies are shifting from simple product exports to localized production and service layouts in over 20 countries, including India and Germany [5] - The industry is moving towards a "deep cultivation" phase, focusing on integrating global resources and adapting to local environments amid geopolitical uncertainties [5]

Group 1 - Hangzhou Saturn Power Technology Co., Ltd. has successfully exported a batch of cruising motorcycles and all-terrain vehicles to countries along the Belt and Road Initiative, including Austria and Malaysia [2] - The company, recognized as a national-level specialized and innovative "little giant," focuses on the research and manufacturing of large-displacement motorcycles and all-terrain vehicles, gradually establishing a foothold in the international market [2] - Due to customer customization demands, the company has shifted its import-export business model from general trade to processing trade, effectively reducing operational costs and allowing more resources to be allocated to research and production [2] - By 2025, the company's export volume to Belt and Road countries is expected to reach 390 million yuan, with a year-on-year increase of over 100% [2] Group 2 - Yunda Energy Technology Group Co., Ltd., a national-level "green factory" and high-tech enterprise, has successfully implemented its products in over 600 wind farms globally [2] - The company has capitalized on the low-carbon development trend and seized opportunities in emerging markets along the Belt and Road Initiative [2] - By 2025, the company is projected to export wind power products worth 1.48 billion yuan to Belt and Road countries, representing a year-on-year increase of over 10 times [3] Group 3 - The Qianjiang Customs has implemented a targeted support mechanism to address the challenges faced by companies in exporting large equipment, such as transportation and maintenance difficulties [3] - The customs has provided detailed explanations of national customs integration and transportation policies, optimizing logistics paths to significantly reduce transportation time and costs [3] - By 2025, the total import and export volume of Hangzhou City to Belt and Road countries is expected to reach 467.48 billion yuan, with a year-on-year growth of 10.5% [3]

2026年2月10日，运达股份在世界未来能源峰会（阿布扎比）亮相，展示了针对中东高温、强沙尘环境 定制的WD200-7700IW风电机组及智慧储能解决方案（如VoltPack集装箱和VoltBlock户外柜）。该机型 已应用于沙特延布等项目，并获多国能源部门关注。此次参展提升了公司在中东市场的品牌影响力，为 海外合作拓展奠定基础，可能对长期业务形成正面支撑。 经济观察网 近7天（2026年2月6日至2月12日），运达股份（300772）股价呈现波动上涨态势。区间累 计涨幅为5.33%，最高价达19.65元（2月11日），最低价为17.73元（2月6日）。具体来看，2月6日股价 上涨3.28%至18.59元，成交额3.59亿元；2月9日微涨0.65%至18.71元；2月10日上涨0.80%至18.86元；2 月11日继续上涨2.07%至19.25元，成交额1.92亿元；2月12日回调1.51%，收盘报18.96元。资金流向方 面，2月12日主力资金净流出910.04万元，但近5日整体表现强于大盘（上证指数涨1.46%）和行业（风 电设备板块跌0.36%）。 机构观点 近期事件 机构最新观点显示，运达股份综合目标 ...

Group 1: Photovoltaic Industry - The photovoltaic industry is experiencing a clear upward trend due to supply-side clearing and demand-side support, with expectations of profitability recovery in 2026 as inefficient companies exit the market and leading firms enhance efficiency through technological upgrades [1][14] - In 2025, China's photovoltaic industry saw a significant increase in installed capacity, reaching 315.07 GW, with a year-on-year growth rate of 13.67%, despite a slowdown in the second half of the year [14][16] - The introduction of policies aimed at preventing "involution" in the industry has led to a recovery in prices, with polysilicon prices rising over 50% from June to November 2025, indicating a shift towards a more rational pricing environment [22][29] Group 2: Wind Power Industry - The wind power industry is expected to benefit from a favorable supply-demand structure, with significant growth anticipated in offshore wind projects and exports, particularly in 2025 [1][3] - The domestic wind power market is projected to continue its growth trajectory, with offshore wind becoming a key focus area, supported by increasing demand for domestic and international markets [1][3] - Investment recommendations include focusing on leading manufacturers in the wind turbine sector and companies involved in high-barrier components such as submarine cables, which are expected to see increased demand [3][3] Group 3: New Energy Vehicles - The new energy vehicle sector in China is projected to achieve sales of 16.49 million units in 2025, reflecting a year-on-year growth of 28.2%, driven by stable market demand and improved product structures [2][3] - The industry is witnessing a recovery in profitability as supply-side chaos is effectively managed, with significant price increases in key materials like lithium hexafluorophosphate and vinyl carbonate [2][3] - The transition to a high-quality development phase is expected in 2026, supported by technological innovations and enhanced supply chain capabilities [2][3] Group 4: Lithium Battery Industry - The lithium battery industry is experiencing a recovery in profitability as inefficient production capacity is eliminated, with key materials seeing price increases and demand from new energy vehicles and energy storage continuing to rise [8][8] - Recommendations include focusing on leading companies in the battery and structural components sectors, which are expected to benefit from the industry's recovery [8][8] - The commercialization of solid-state batteries is accelerating, with several companies making significant progress in this area [8][8]

目前公司属于工业行业，主要产品类型为动力机械、发电机及附属设备、专业咨询服务，2024年报主营 构成为风电机组:81.33%;新能源电站开发转让:7.61%;新能源EPC总承包:5.46%;其他:4.19%;发电收 入:1.41%。 同壁财经讯，企查查数据显示，根据《华电广西能源（维权）有限公司相关招标项目工程广西华电象州 马坪25万千瓦风电场风力发电机组（含塔架）采购批次中标结果公示》，运达能源科技集团股份有限公 司于2026年2月11日公告中标象州华电能源有限公司采购项目，中标金额为5.49亿元。 相关上市公司：运达股份(300772.SZ) 同壁财经小贴士： 同壁财经讯，企查查数据显示，根据《华电广西能源（维权）有限公司相关招标项目工程广西华电象州 马坪25万千瓦风电场风力发电机组（含塔架）采购批次中标结果公示》，运达能源科技集团股份有限公 司于2026年2月11日公告中标象州华电能源有限公司采购项目，中标金额为5.49亿元。 相关上市公司：运达股份(300772.SZ) 同壁财经小贴士： 运达股份（300772.SZ）2024年营业收入为221.98亿元，营业收入增长率为18.54%，归属母公司净利润 ...

展会现场，运达股份展台人气高涨，阿联酋、沙特阿拉伯、埃及等国能源部门官员、头部企业代表及行 业专家密集到访交流。其中，专为中东极端环境量身打造的WD200-7700IW风电机组备受瞩目，该机型 已成功应用于沙特延布等项目，凭借卓越的环境适应性与高可靠性，成为当地大型风电项目实现无追索 权融资的关键标杆，充分印证了"中国智造"在高端国际市场的核心竞争力。 在储能领域，运达股份展出的智慧液冷VoltPack集装箱及VoltBlock户外一体柜系列产品同样引发广泛关 注。产品采用高安全大容量电芯与先进热管理技术，系统效率最高可达90%，能从容应对高海拔、强风 沙等极端环境，且全面通过GB、IEC、UL等全球权威认证，彰显了运达股份满足海外市场高标准需 求、提供全场景储能解决方案的硬实力。 展会期间，运达团队与多个重点国家的能源企业和政府机构代表团开展多场务实会谈，围绕区域能源规 划、具体项目合作及长期技术协作等议题深入交换意见。此次参展不仅充分展现了运达开放合作的姿态 与系统化项目交付能力，更为其进一步扎根中东市场、拓宽绿色能源合作版图奠定了坚实基础。未来， 运达股份将持续以科技创新为引擎，携手全球伙伴推动能源转型 ...

Group 1 - The core viewpoint of the report indicates that the power industry is expected to undergo high-quality development due to accelerated marketization and ongoing reforms in the electricity system in China, particularly in the context of the "dual carbon" strategy [2] - The report highlights that the investment in the power grid is anticipated to increase, with significant growth in transformer exports to the U.S. and other countries in the first nine months of 2025 [4] - The report emphasizes the importance of gas turbines as a primary solution for addressing electricity shortages in the U.S., with Chinese companies expected to expand their presence in international markets [4] Group 2 - The report notes that the construction of ultra-high voltage (UHV) power lines is likely to accelerate due to the rising demand for green electricity, despite a slowdown in construction during the latter part of the 14th Five-Year Plan [3] - The investment in distribution networks is expected to become a key focus during the 15th Five-Year Plan, as the reliability of power supply is challenged by the rapid growth in peak electricity load [3] - The profitability of wind power equipment is projected to continue improving, with domestic companies accelerating their international expansion, supported by high bidding volumes and rising prices [5]