TMT(SH:600458) Chang Jiang Shang Bao·2025-07-06 22:40Core Viewpoint - Times New Material (时代新材) has secured significant contracts in the wind power sector, indicating strong business growth and market position in the industry [1][3]. Group 1: Contract Details - The company signed a daily operation contract with major wind power manufacturers worth approximately 2.711 billion yuan, primarily involving wind turbine blades and related services [1][3]. - The contract includes both offshore and onshore wind power projects, with the onshore portion accounting for 2.705 billion yuan and the offshore portion for 6 million yuan [1][3]. - Cumulatively, the company has signed wind power contracts totaling 4.691 billion yuan in the first half of 2025 [4]. Group 2: Financial Performance - The company has experienced continuous revenue and net profit growth over the past three years, with revenues of 15.03 billion yuan in 2022 and 17.54 billion yuan in 2023, representing year-on-year growth of 7.01% and 16.65% respectively [8][10]. - In 2024, the company achieved revenues of 20.055 billion yuan, a year-on-year increase of 14.35%, and a net profit of 444.5 million yuan, up 15.20% [9][10]. - In the first quarter of 2025, the company reported a slight revenue decline to 4.158 billion yuan, down 1.11% year-on-year, while net profit increased by 26.3% to 152 million yuan [2][10]. Group 3: Market Position and Expansion - Times New Material is the second-largest manufacturer of wind turbine blades in China and has strong independent R&D capabilities [5][8]. - The company has established deep partnerships with leading wind power manufacturers, maintaining a market share of over 40% with Zhejiang Wind Power [5]. - The company is expanding its production capacity with nine blade manufacturing bases across major wind resource areas in China and has initiated construction of a new base in Vietnam [5][6]. Group 4: Shareholder Activity - Recently, several shareholders, including the chairman and senior executives, announced plans to reduce their holdings in the company between July 28, 2025, and October 27, 2025, to meet personal financial needs [10].