Founder Securities(SH:601901) 智通财经网·2025-08-06 02:04Core Insights - The offshore wind power industry in China is accelerating towards deep-sea development as nearshore resource exploitation matures, with a projected compound annual growth rate (CAGR) of 56% in installed capacity from 2025 to 2027 [1][3] Group 1: Industry Development - Nearshore offshore wind power development has been the focus during the 14th Five-Year Plan, with an estimated cumulative installed capacity of approximately 27 GW from 2022 to 2025, and around 52 GW of nearshore projects expected to be developed during the 15th Five-Year Plan [2] - The deep-sea region holds significant wind energy resources, with over 710 billion kilowatts of global offshore wind energy resources, of which more than 70% is in deep-sea areas; China's technical potential for deep-sea wind energy resources exceeds 1.2 billion kilowatts [2] Group 2: Policy Support - The 2025 government work report will first mention "deep-sea technology," enhancing the focus on marine economy; the National Energy Administration plans to promote deep-sea offshore wind power demonstration projects [3] - Several provinces, including Guangdong, Shandong, Zhejiang, Shanghai, and Hainan, are incorporating deep-sea offshore wind power demonstrations into their development processes, with 2025 expected to mark the beginning of deep-sea development [3] Group 3: Investment Opportunities - Key investment opportunities in the electricity transmission sector benefiting from deep-sea demand include companies like Dongfang Cable, Zhongtian Technology, and Hengtong Optic-electric [4] - In the foundational sector, companies such as Haili Wind Power, Yaxing Anchor Chain, and Tiensun Wind Energy are expected to benefit from deep-sea demand [4] - In the wind turbine generator sector, companies like Mingyang Smart Energy, Goldwind Technology, and Sany Heavy Energy are highlighted as potential beneficiaries [4] - For domestic substitution, companies such as Guoxin Materials, Mingyang Electric, and Pangu Intelligent are recommended for investment [4]