德力佳在手订单连续两年下滑，经营业绩稳定情况遭问询

Core Viewpoint - Delijia Transmission Technology (Jiangsu) Co., Ltd. is facing significant challenges in its business performance, with a notable decline in orders and revenue due to market dynamics and client shifts towards self-sourcing gearboxes [2][3]. Group 1: Business Performance - The company reported a 54.54% year-on-year decrease in orders by the end of 2023 and a 16.36% decline in revenue for 2024 [2]. - The main client, Envision Energy, has started producing gearboxes in-house, leading to a substantial reduction in procurement from Delijia in 2024 [2]. - The company's product focus has shifted towards high-speed transmission products, which have seen an increasing share, while mid-speed products are primarily sold to Goldwind Technology and Electric Wind Power [2]. Group 2: Market Trends and Policy Impact - The National Development and Reform Commission and the National Energy Administration have issued a notice promoting market-oriented pricing for renewable energy, which may impact future revenue streams [2]. - The wind power industry is experiencing a recovery in 2023 due to favorable policies, with Delijia's sales growth aligning with industry trends, although it lagged behind the average growth due to the impact of Envision Energy's self-production [4][5]. Group 3: Competitive Landscape - Delijia's sales to Goldwind Technology accounted for 59.04% of its total sales in 2022, which helped the company achieve a 121.44% increase in sales despite an overall industry decline [4]. - The company has seen a slight increase in gross margin due to falling material prices, although revenue and profit are expected to decline in 2024 due to reduced sales prices and slower growth [5]. - By the end of 2024, Delijia anticipates a recovery in order volume and value, returning to levels seen at the end of 2022, driven by increased orders from Goldwind Technology and other clients [5].