SEWPG(SH:688660) Zheng Quan Zhi Xing·2025-05-16 09:11Core Viewpoint - Shanghai Electric Wind Power Group Co., Ltd. is focusing on high-quality development and sustainable business operations while facing challenges in the domestic and international wind power markets. The company aims to enhance its market competitiveness and improve operational efficiency despite a decline in wind turbine sales prices, resulting in a negative net profit for the year [1][2]. Group 1: Business Performance - In 2024, the company achieved a negative net profit, with earnings per share at -0.59 yuan and a weighted average return on equity of -14.31%, although it managed to reduce losses by 486 million yuan compared to the previous year [2]. - The company has made progress in its fundraising projects, with the implementation of five fundraising investment projects and the extension of the Jiangsu Binhai Testing Base project deadline to December 31, 2025 [2][4]. Group 2: Governance and Compliance - The board of directors held nine meetings and made 51 resolutions, focusing on regular reports, director elections, and quality improvement initiatives [5]. - The independent directors actively participated in meetings and maintained communication with management to ensure compliance with regulations and protect shareholder interests [6][7]. Group 3: Future Plans - The company plans to enhance operational performance by improving core competitiveness, expanding both domestic and international markets, and increasing sales order gross margins [14]. - The board will prioritize value management and improve information disclosure quality to strengthen investor relations and enhance market recognition of the company's value [14][15]. Group 4: Investment and Asset Management - The company completed the transfer of 44,420 square meters of land for offshore wind power development to a subsidiary, with a transaction value of 19.8557 million yuan [10][24]. - The board is committed to optimizing asset allocation and ensuring that all related transactions are conducted fairly and transparently [24][25]. Group 5: Environmental, Social, and Governance (ESG) Initiatives - The company is integrating ESG principles into its strategy and operations, focusing on carbon reduction and sustainable development [15]. - The board aims to enhance ESG information disclosure and improve the company's long-term sustainability capabilities [15].