CECWPC(SH:601016) Zheng Quan Zhi Xing·2025-08-29 16:08Core Viewpoint - The report highlights the financial performance and operational status of CECEP Wind-Power Corporation for the first half of 2025, indicating a decline in revenue and profit compared to the previous year, while also emphasizing the growth potential in the wind power industry globally and domestically. Financial Performance - The company's operating revenue for the first half of 2025 was CNY 2,444,233,990.40, a decrease of 7.52% compared to the same period last year [2][3] - Total profit for the period was CNY 797,036,729.83, reflecting a decline of 24.49% year-on-year [2][3] - The net profit attributable to shareholders was CNY 608,327,329.75, down 28.99% from the previous year [2][3] - The company's total assets at the end of the reporting period were CNY 44,457,935,549.47, showing a slight increase of 0.89% compared to the end of the previous year [2][3] Industry Overview - The global wind power industry has seen significant growth, with a total installed capacity reaching 1,136 GW by the end of 2024, marking an 11% year-on-year increase [4] - In 2024, the global wind power sector added 117 GW of new capacity, the highest annual increase recorded [4] - The Asia-Pacific region accounted for 75% of the global wind power market share, driven by strong growth in China and a steady recovery in India [4] - The International Renewable Energy Agency (IRENA) reported that global renewable energy capacity increased by 585 GW in 2024, representing 92.5% of the total new power capacity [4] Company Position in the Industry - As of June 30, 2025, the company had a cumulative installed capacity of 6,215.16 MW and an equity capacity of 5,980.86 MW [9] - The company’s market share in the national wind power industry is significant, with a focus on project development, construction, and operation of wind power facilities [9] - The company has implemented a centralized procurement model to enhance operational efficiency and cost management [9] Operational Highlights - The company achieved an on-grid electricity generation of 649,698 million kWh in the first half of 2025, an increase of 5.90% year-on-year [13] - The company has focused on enhancing its operational capabilities and reducing costs to counter external pressures [15] - The company has successfully issued CNY 1 billion in technology innovation bonds to optimize its financial structure and ensure operational sustainability [15]