证券日报网讯1月7日，海力风电（301155）在互动平台回答投资者提问时表示，公司将严格按照《深圳 证券交易所创业板股票上市规则》等法律法规的要求及时履行信息披露义务。 ...

证券日报网讯1月6日，海力风电（301155）在互动平台回答投资者提问时表示，截至2025年12月31日， 公司股东人数为16256户。 ...

Core Insights - The report emphasizes that the wind power sector is expected to break the cyclical pattern and maintain growth in 2026, driven by both onshore and offshore wind energy expansion globally, with a focus on green energy applications [10][12] - The report identifies four main investment themes for 2026: 1) Resonance of policies between China and Europe for offshore wind, 2) Green energy catalyzing non-electric utilization, 3) Profitability elasticity of major manufacturers, and 4) Sustained demand in the components sector [10][16] Group 1: Industry Overview - In 2025, the wind power sector faced cyclical pressures, but by the third quarter, the relative advantages of wind power became more pronounced due to policy impacts on the electricity market and non-electric utilization, leading to a projected double-digit growth in installed capacity for 2026 [10][20] - The report forecasts that installed capacity for onshore and offshore wind in 2026 will reach approximately 110 GW and 10 GW respectively, representing year-on-year growth of 10% and 25% [20][41] Group 2: Key Companies and Profitability Forecasts - The report highlights several key companies with investment ratings, including: - Goldwind Technology (002202.SZ) with a buy rating and projected EPS growth from 0.42 in 2024 to 1.16 in 2026 [7] - Dongfang Cable (603606.SH) also rated as buy, with EPS expected to rise from 1.47 in 2024 to 3.03 in 2026 [7] - New Strong Link (300850.SZ) rated as buy, with EPS projected to increase from 0.18 in 2024 to 2.92 in 2026 [7] - The profitability of major manufacturers is expected to improve significantly, with the average bidding price for main units increasing by 7.4% in 2025, and a high proportion of high-price orders expected to continue into 2026 [10][13] Group 3: Offshore Wind Development - The report notes that both Europe and China are emerging from a low point in offshore wind development, with a significant increase in project approvals and construction expected to drive growth in 2026 [10][56] - The offshore wind policy in China is evolving, with a focus on deep-sea technology and a significant number of projects expected to be initiated, which will enhance demand for high-voltage cables and other components [10][56] Group 4: Component Sector Dynamics - The demand for wind turbine components is projected to remain strong, with expectations of over 20,000 turbines needed annually during the "14th Five-Year Plan" period, indicating a recovery from previous supply chain constraints [10][44] - The report suggests that component manufacturers will benefit from increased capacity utilization and the introduction of new technologies, with specific companies recommended for investment, including New Strong Link and Delijia [10][13]

Group 1 - The core point of the news is that Haili Wind Power's stock has increased by 1.01%, reaching a price of 81.40 CNY per share, with a total market capitalization of 17.696 billion CNY [1] - Haili Wind Power, established on August 18, 2009, and listed on November 24, 2021, specializes in the research, production, and sales of wind power equipment components, agricultural machinery, port machinery, and environmental machinery [1] - The company's main revenue sources are as follows: 77.04% from foundations, 14.38% from wind power towers, 6.72% from conductors, and 1.85% from other sources [1] Group 2 - According to data, Haili Wind Power is the second-largest holding in the Huaxia Growth Enterprise Mid-cap 200 ETF, with 100 shares held, representing 0.02% of the fund's net value [2] - The Huaxia Growth Enterprise Mid-cap 200 ETF has a total scale of 26.9822 million CNY and has achieved a return of 29.03% this year, ranking 1893 out of 4189 in its category [2] - The fund manager, Hualong, has been in position for 3 years and 133 days, with the best fund return during this period being 123.21% [2]

Core Insights - The report emphasizes a high growth period for the wind power industry, driven by structural inflation and dual coastal dynamics, leading to a profit reversal [1] - The investment strategy is rated as "Buy" for the wind power sector, reflecting confidence in future growth [2] Group 1: Global Demand and Market Dynamics - The "136 Document" promotes the full market entry of renewable energy, with a significant shift in capital expenditure from solar to wind power among major state-owned enterprises [15][16] - Domestic wind power installations are expected to grow, with onshore wind capacity projected to increase from 100 GW to 105 GW and offshore wind from 9 GW to 15 GW between 2025 and 2027, reflecting a compound annual growth rate (CAGR) of approximately 29.1% for offshore wind [17][18] Group 2: Profitability and Market Trends - The report indicates that the domestic wind power sector is entering a profitability upturn due to the effectiveness of anti-involution policies, with high-price orders securing profits for the next two years [19] - The transition from large-scale competition to a diversified value chain is highlighted, with a focus on cost reduction and risk mitigation as large-scale projects slow down [36] Group 3: Investment Recommendations - The report suggests focusing on companies with high overseas customer ratios and active offshore deployment, such as Goldwind Technology, Mingyang Smart Energy, and SANY Heavy Energy [5] - For foundational components, companies like Dajin Heavy Industry and Hailey Wind Power are recommended, while for subsea cables, firms with strong port capabilities like Dongfang Cable and Zhongtian Technology are highlighted [5] Group 4: Regional and International Developments - The report notes that European offshore wind capacity is expected to grow significantly, with a projected CAGR of 54.3% from 2025 to 2027, driven by strong policy support and market demand [36] - In Asia, countries like Vietnam and the Philippines are setting ambitious offshore wind targets, with Vietnam aiming for 6 GW by 2030 and the Philippines targeting 40 GW by 2050 [44]

Overview - The report maintains a "stronger than market" rating for the renewable energy sector, highlighting that the demand for offshore wind power in China and Europe is increasing, leading to a rise in foundation demand and profit recovery for wind turbines. The "anti-involution" policy is expected to continue driving the photovoltaic sector, particularly with the expansion of perovskite technology. Overall, while short-term installation demand for renewable energy globally may be weak, there are structural opportunities in the market [1]. Key Points Supporting the Rating - The "anti-involution" trend is stabilizing wind turbine prices, enhancing profitability for manufacturers. China's offshore wind projects are becoming economically viable, contributing significantly to installed capacity. The demand for offshore wind in Europe and emerging markets is also on the rise [3]. - In the photovoltaic sector, the "anti-involution" policy remains the main theme, with a focus on the potential for capacity exits in battery and module production, as well as the industrialization potential of perovskite technology. Investment should prioritize growth-oriented new technology directions and the main industry chain benefiting from the "anti-involution" trend [3]. Investment Recommendations - For wind power, the report suggests prioritizing investments in the turbine segment, which is expected to recover profitability, and in the foundation segment that is progressing quickly in Europe. The offshore wind market is projected to grow significantly, with a focus on deep-sea projects [3]. - In the photovoltaic sector, the report emphasizes the importance of monitoring the "anti-involution" policy's impact on the industry, particularly regarding the exit of inefficient capacity and the enhancement of efficiency in battery and module production [3]. Long-term Outlook for Renewable Energy Demand - The report indicates that China's renewable energy demand is expected to remain robust in the long term, with an average annual installation capacity of over 400GW projected from 2025 to 2035. This is driven by the country's energy security needs and the ongoing transition to a low-carbon economy [13][16]. - The "136 Document" is noted for guiding the development of renewable energy projects towards market-oriented pricing, which is expected to stabilize project returns and promote high-quality development in the sector [31]. Photovoltaic Sector Insights - The report anticipates a moderate decline in photovoltaic installations in 2026 due to a phase of pre-installation in 2025, with projected installations of 290GW in 2025 and 180GW in 2026, reflecting a year-on-year decrease of 38% [33]. - The report highlights that the European photovoltaic market is facing growth challenges, with a forecasted installation of 64.2GW in 2025, indicating a slight decline. The U.S. market is also expected to experience pressure on growth due to policy adjustments [34][37]. Perovskite Technology Potential - Perovskite technology is identified as a key area for enhancing competitiveness in the photovoltaic manufacturing sector, with expectations for significant breakthroughs in industrialization by leading manufacturers in 2026 [33][44].

Core Viewpoint - As of December 19, 2025, the number of shareholders for Haili Wind Power (301155) is reported to be 16,859 [1] Company Information - Haili Wind Power has engaged with investors through an interactive platform, providing updates on shareholder numbers [1]

Group 1 - The core business of Jiangsu Haili Wind Power Equipment Technology Co., Ltd. includes research, production, and sales of wind power equipment components, agricultural machinery, port machinery, and environmental protection machinery, with the main revenue sources being foundation piles (77.04%), wind power towers (14.38%), and other components (1.85%) [2] - As of November 28, 2025, the number of shareholders in Haili Wind Power is 17,100, a decrease of 4.89% from the previous period, with an average of 7,213 circulating shares per person, an increase of 5.14% [2] - For the period from January to September 2025, Haili Wind Power achieved operating revenue of 3.671 billion yuan, a year-on-year increase of 246.01%, and a net profit attributable to shareholders of 347 million yuan, a year-on-year increase of 299.36% [2] Group 2 - Haili Wind Power has distributed a total of 237 million yuan in dividends since its A-share listing, with cumulative distributions of 41.304 million yuan over the past three years [3] - As of September 30, 2025, among the top ten circulating shareholders, Guangfa High-end Manufacturing Stock A is the sixth largest with 1.899 million shares, and Xingquan Helun Mixed A is the seventh largest with 1.5662 million shares, both being new shareholders [3] - Hong Kong Central Clearing Limited is the ninth largest circulating shareholder with 1.2757 million shares, a decrease of 559,900 shares from the previous period, while BlackRock China New Horizons Mixed A has exited the top ten circulating shareholders [3] Group 3 - On December 24, Haili Wind Power's stock rose by 2.08%, with a transaction amount of 249 million yuan, and the financing buy-in amount was 15.8946 million yuan, while the financing repayment was 17.3099 million yuan, resulting in a net financing buy-in of -1.4152 million yuan [1] - The total balance of margin trading for Haili Wind Power as of December 24 is 178 million yuan, with the financing balance at 176 million yuan, accounting for 0.98% of the circulating market value, which is below the 20th percentile level over the past year [1] - On the same day, Haili Wind Power repaid 200 shares of securities lending and sold 2,700 shares, with a selling amount of 221,300 yuan, while the securities lending balance is 2.66 million shares, exceeding the 90th percentile level over the past year [1]

Core Viewpoint - The Zhejiang Provincial People's Congress has passed the "Regulations on Promoting High-Quality Development of Marine Economy," which emphasizes the expansion of offshore wind power into deep waters and the development of various clean energy sources, including nuclear and tidal energy [1] Group 1: Offshore Wind Power Development - The current global offshore wind power costs are now economically viable alternatives to traditional fossil fuels, with a favorable carbon emission profile throughout its lifecycle [1] - Offshore wind power projects are advantageous due to their distance from residential areas, minimizing noise and visual pollution, and the absence of road construction limitations [1] - The ability to select optimal wind conditions and higher capacity factor sites enhances the reliability and efficiency of offshore wind power [1] Group 2: Industry Recommendations - The transition from nearshore to deep offshore wind power is underway, with provinces actively promoting demonstration projects to build experience for future large-scale developments [2] - Companies in the submarine cable segment, such as Dongfang Cable, Zhongtian Technology, and Hengtong Optic-Electric, are recommended for investment [2] - In the offshore wind foundation and marine engineering sector, companies like Dajin Heavy Industry, Haili Wind Power, and Tian Shun Wind Energy are highlighted as potential beneficiaries [2] - For turbine manufacturers with sufficient orders, companies like Goldwind Technology, Yunda Co., and Sany Renewable Energy are suggested for attention [2]

Group 1 - The core viewpoint of the news is that Jiangsu Haili Wind Power Equipment Technology Co., Ltd. has shown significant financial growth, with a notable increase in revenue and net profit for the period from January to September 2025 [2] - As of December 23, Haili Wind Power's stock price increased by 2.20%, with a trading volume of 253 million yuan, indicating positive market sentiment [1] - The company reported a financing net purchase of 4.99 million yuan on December 23, with a total financing balance of 1.79 billion yuan, suggesting a low level of financing compared to the past year [1] Group 2 - Haili Wind Power's main business includes the research, production, and sales of wind power equipment components, with the majority of revenue coming from foundation piles (77.04%) and wind power towers (14.38%) [2] - The company has distributed a total of 237 million yuan in dividends since its A-share listing, with 41.30 million yuan distributed in the last three years [3] - As of September 30, 2025, new institutional shareholders have entered the top ten circulating shareholders, indicating growing interest from institutional investors [3]