Core Viewpoint - The wind power equipment industry is experiencing a turning point in profitability, driven by strong domestic and international demand, with significant growth expected in both onshore and offshore wind installations from 2025 to 2030 [2][4]. Group 1: Domestic Market Dynamics - Domestic wind power demand remains stable, supported by the "dual carbon" goals and the plan to reach 3.6 billion kilowatts of wind and solar installations by 2035 [2]. - The bidding volume for complete wind turbine units in the first three quarters of 2025 increased by 5% year-on-year, indicating a solid foundation for future installations [2]. - The average bidding price for onshore wind turbines, including towers, increased by 13% in the first eight months of 2025 compared to 2024, signaling a recovery in pricing and profitability for domestic manufacturers [2][3]. Group 2: International Market Opportunities - The Global Wind Energy Association forecasts that from 2025 to 2030, the total new installed capacity for onshore wind outside of China will reach 367 GW, with a compound annual growth rate (CAGR) of 12.4%, while offshore wind is expected to grow at a CAGR of 15.8% [4]. - Domestic wind turbine manufacturers are accelerating their international expansion, investing in factories in Brazil, Europe, and Central Asia, transitioning from mere product exports to localized operations [4]. - In the first three quarters of 2025, domestic manufacturers secured a record 19.28 GW in overseas orders, reflecting a year-on-year increase of 187.8%, with higher order prices and better profitability [4][6]. Group 3: Future Outlook - The wind power sector is expected to maintain high installation levels domestically, with a recovery in bidding prices leading to improved profitability for wind turbine manufacturers as orders from the price recovery phase are delivered starting in Q4 2025 [3][6]. - The combination of stable domestic demand and rising international orders is anticipated to drive significant growth in profitability for domestic wind turbine companies, with a focus on key players such as Goldwind Technology, Yunda Co., Mingyang Smart Energy, and SANY Heavy Energy [6].

Core Viewpoint - The article emphasizes the importance of accelerating wind power investment globally to promote sustainable development, highlighting China's ambitious renewable energy targets and the need for innovation and collaboration in the wind energy sector [1][2]. Group 1: China's Renewable Energy Goals - China aims to achieve a total installed capacity of 3.6 billion kilowatts for wind and solar power by 2035, with current cumulative installed capacity exceeding 1.7 billion kilowatts as of August 2025, including 580 million kilowatts for wind and 1.12 billion kilowatts for solar [2]. - Clean energy now accounts for over 50% of the total installed capacity, with its generation share surpassing 25%, indicating a significant transition in China's energy structure [2]. - The next decade is critical for achieving these targets, with expectations for wind and solar capacity to double, potentially exceeding 65% of the total installed capacity [2]. Group 2: Challenges and Innovations in Renewable Energy - The renewable energy sector faces regional structural challenges, such as increased curtailment rates in some western regions and near-saturation in southeastern coastal areas [2]. - There is a need for accelerated research and development of grid-connection technologies and innovative business models like "green electricity direct connection" to effectively address consumption bottlenecks [2]. - The industry should explore direct energy supply collaborations with high-energy-consuming enterprises and emerging loads like intelligent computing centers to expand the application scenarios for green electricity [2]. Group 3: Global Collaboration and Innovation - The international wind power market is diversifying, with high electricity prices and long cycles in Europe and the U.S., while projects utilizing Chinese technology, such as those in Saudi Arabia, demonstrate superior Levelized Cost of Energy (LCOE) and efficiency [3]. - To seize global energy transition opportunities, the Chinese wind power industry should focus on three areas for deepening global collaboration: promoting technological integration and innovation, facilitating international standard recognition, and establishing collaborative development mechanisms [3]. - China accounts for 45.8% of the global wind power installed capacity, with leading wind turbine manufacturers dominating the top four positions globally and a domestic core component localization rate exceeding 85% [4]. Group 4: Future Directions - The Chinese wind power sector is transitioning from technology output to standard and model output, providing system solutions to address electricity shortages in regions like Southeast Asia while promoting standard recognition with European and American markets [4]. - The company aims to continue its commitment to integrating wind power with green energy, leveraging leading technologies and open cooperation to drive global energy transition and contribute to climate change mitigation [4].

Core Viewpoint - The article highlights the advancements and innovations in the wind energy sector showcased at the Beijing International Wind Energy Conference and Exhibition (CWP2025), emphasizing China's leading position in wind power technology globally. Group 1: Turbine Innovations - Goldwind Technology introduced a trading-type wind turbine that shifts from a passive to an active generation model, potentially increasing project returns by 2% to 2.5% over its lifecycle [3] - Mingyang Smart Energy launched the world's first 50MW wind turbine, significantly increasing the maximum capacity of wind turbines and designed for deep-sea applications [7] - SANY Heavy Energy presented the SI-242 series wind turbine, capable of operating efficiently across a wide range of wind speeds, with a rotor diameter of 242 meters [8] - Envision Energy unveiled the first AI-integrated wind-storage unit, merging wind turbines, storage, and AI to enhance operational efficiency [5] Group 2: Component Innovations - Luozhou showcased the world's first 16MW offshore wind turbine main bearing, designed for large-scale wind turbine stability [23] - Pangu Intelligent launched a hydraulic motor yaw system that improves reliability and lifespan compared to traditional systems [25] - TBEA New Energy introduced the upgraded TSVG6.0 product, enhancing reliability and operational efficiency through advanced design and technology [27] Group 3: Comprehensive Solutions - China CRRC presented a comprehensive energy solution integrating wind, solar, hydrogen, and AI technologies, aimed at achieving sustainable development goals [11] - Shanghai Electric highlighted its integrated projects, including green hydrogen production and floating wind-fish integration, showcasing its capabilities in the renewable energy sector [13] - XBL Wind Power signed a strategic partnership with Multi Engineering Group to develop a dual-head floating wind power solution, focusing on cost efficiency and system performance [19]

证券代码：300772 证券简称：运达股份 公告编号：2025-083 运达能源科技集团股份有限公司 关于召开 2025 年第三次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 经运达能源科技集团股份有限公司（以下简称"公司"）第五届董事会第三 十四次会议审议通过，公司决定于 2025 年 10 月 27 日召开 2025 年第三次临时股 东大会。本次股东大会采取现场投票与网络投票相结合的方式，为了便于各位股 东行使股东大会表决权，保护广大投资者合法权益，现再次将有关事项公告如下： 一、召开会议的基本情况： 1.股东大会届次：2025 年第三次临时股东大会 2.股东大会的召集人：公司董事会 3.会议召开的合法、合规性：公司第五届董事会第三十四次会议审议通过了 《关于召开 2025 年第三次临时股东大会的议案》，召开程序符合有关法律、行 政法规、规范性文件和《公司章程》的规定。 4.会议召开的日期、时间： （1）现场会议时间：2025 年 10 月 27 日（星期一）上午 11:00 开始。 （2）网络投票日期和时间：通过深圳证券交易所交易系 ...

Core Viewpoint - The wind power equipment sector is experiencing significant activity, driven by favorable industry developments and policy support, particularly for offshore wind power projects [1][2][3] Group 1: Market Performance - The wind power equipment sector (801736) saw a 2.85% increase, with leading companies like Electric Wind Power (688660.SH) rising by 14.99% [1] - Key component and complete machine manufacturers such as New Strong Union (300850.SZ), Yunda Co., Ltd. (300772.SZ), and Daikin Heavy Industries (002487.SZ) also experienced gains exceeding 5% [1] Group 2: Industry Developments - The "Wind Energy Beijing Declaration 2.0" was released at the 2025 Beijing International Wind Energy Conference, setting ambitious targets for wind power capacity, including an annual addition of no less than 12 million kilowatts during the 14th Five-Year Plan [1] - The declaration emphasizes offshore wind power, aiming for a cumulative installed capacity of 1.3 billion kilowatts by 2030 and 5 billion kilowatts by 2060 [1] Group 3: Economic Viability - Offshore wind power is becoming increasingly economically viable, with the levelized cost of electricity (LCOE) projected to be between 0.28 yuan/kWh and 0.41 yuan/kWh in 2024, approaching the cost of coal power [2] - Recent policy changes, such as the extension of the 50% VAT rebate for offshore wind power until the end of 2027, are expected to support the sector's growth [2] Group 4: Technological Advancements - The transition from nearshore to deep-sea offshore wind power is progressing, with significant projects in Zhejiang and Liaoning provinces [3] - The National Energy Administration has outlined goals to advance key technologies in offshore wind power, including high-performance blades and floating foundations [3] Group 5: Future Projections - The wind power sector is expected to see an average annual installed capacity exceeding 110 GW during the 14th Five-Year Plan, with potential increases to around 120 GW from 2028 to 2030 [4]

Core Viewpoint - Yunda Co., Ltd. has seen a stock price increase of 5.03%, reaching 18.36 CNY per share, with a total market capitalization of 14.447 billion CNY as of October 22 [1] Company Overview - Yunda Energy Technology Group Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on November 30, 2001, with its listing date on April 26, 2019 [1] - The company's main business involves the research, production, and sales of large wind turbine generators, with revenue composition as follows: wind turbine generators 87.54%, new energy EPC contracting 6.36%, others 4.04%, and power generation income 2.06% [1] Shareholder Information - Among the top ten circulating shareholders, one fund from Huaxia Fund holds shares in Yunda Co., Ltd. Huaxia Fuxing Mixed A (000031) held 5.4947 million shares in the second quarter, unchanged from the previous period, accounting for 0.79% of circulating shares [2] - The estimated floating profit for Huaxia Fuxing Mixed A today is approximately 4.8353 million CNY [2] - The fund was established on September 10, 2007, with a current scale of 1.529 billion CNY, yielding 36.67% year-to-date and ranking 1957 out of 8160 in its category [2] Fund Manager Performance - The fund manager of Huaxia Fuxing Mixed A is Zheng Yu, who has a tenure of 19 years and 78 days, with a total fund size of 1.556 billion CNY [3] - Zheng Yu's best fund return during his tenure is 257.96%, while the worst return is -41.47% [3] - The co-manager is Huang Hao, with a tenure of 5 years and 73 days, managing a fund size of 1.556 billion CNY [3] - Huang Hao's best return is 38.65%, and the worst return is -10.85% during his tenure [3] Fund Holdings - Huaxia Fund also has a significant holding in Yunda Co., Ltd. through Huaxia Clean Energy Leader Mixed Initiated A (018918), which held 160,100 shares in the second quarter, representing 3.66% of the fund's net value [4] - The estimated floating profit for Huaxia Clean Energy Leader Mixed Initiated A today is approximately 140,900 CNY [4] - This fund was established on August 22, 2023, with a current scale of 39.8806 million CNY, yielding 20.75% year-to-date and ranking 4167 out of 8160 in its category [4] Fund Manager of Huaxia Clean Energy Leader - The fund manager for Huaxia Clean Energy Leader Mixed Initiated A is Yang Yu, who has a tenure of 4 years and 39 days, managing a total fund size of 8.516 billion CNY [5] - Yang Yu's best return during his tenure is 42.76%, while the worst return is -0.77% [5]

证券日报网讯运达股份（300772）10月20日发布公告，在公司回答调研者提问时表示，2025年1月-6 月，公司新增新能源项目核准/备案权益容量达605.98MW。截至2025年6月末，公司累计权益并网容量 1，203.11MW。公司稳步推进自有新能源电站项目建设进度，不断优化自有电站运营管理体系，2025 年上半年实现发电收入2.24亿元，同比增长31.08%。 ...

Core Viewpoint - The announcement from Yunda Co., Ltd. highlights the impact of various factors on wind turbine pricing, including product type, market environment, and project conditions [1] Industry Summary - In October 2024, at the Beijing Wind Energy Exhibition, 12 domestic manufacturers signed the "Self-Regulatory Convention for Maintaining Fair Competition in the Chinese Wind Power Industry," addressing issues such as vicious low-price competition and unfair contract terms [1] - There is a growing emphasis on the quality and reliability of wind turbines within the industry, leading more owners to prefer high-quality, high-performance units with optimal levelized cost of electricity [1] - As a result of these trends, the bidding prices for wind turbines have seen a slight increase this year [1]

Core Viewpoint - The company aims to lead the offshore wind power industry by leveraging its strengths in Zhejiang and expanding into coastal provinces, establishing a strong brand and core competitiveness in offshore wind energy [1] Group 1: Strategic Initiatives - The company has invested in offshore wind power assembly bases in Dalian and Wenzhou, creating a "north-south" layout for offshore wind power [1] - The company plans to utilize the resource advantages of Zhejiang and its status as a provincial state-owned enterprise to implement several nearshore and farshore wind power projects within the province [1] - The company is actively exploring deep-sea markets in Dalian and Guangdong [1]

（文章来源：证券日报） 证券日报网讯运达股份10月20日发布公告，在公司回答调研者提问时表示，2025年1-6月，公司新增订 单11，974.28MW；截至2025年6月底，累计在手订单45，866.86MW，其中2MW-4MW（不含4MW）风 电机组998.70MW，4MW-6MW（不含6MW）风电机组8，223.24MW，6MW及以上的风电机组36， 644.92MW。 ...