【私募调研记录】石锋资产调研天能重工

Group 1 - The core viewpoint of the news is that TianNeng Heavy Industry has secured several significant projects and is expanding its overseas business, particularly in the Asia-Pacific market [1] - TianNeng Heavy Industry has won bids for projects such as the Guangxi Yangjiang Fan Stone Project and parts of the Jiangsu Rudong Intertidal Zone Project [1] - The company is focusing on exporting wind power equipment, including towers and jackets, and is also involved in oil and gas pile products [1] Group 2 - The processing fee trend is on the rise this year, driven by enhanced R&D capabilities and product structure optimization [1] - High-value new products have significantly higher processing fees compared to traditional categories, indicating a shift towards more profitable offerings [1] - The delivery of overseas orders is expected to increase in the third and fourth quarters, with new orders signed this year [1]