风电核心部件供应商锡华科技IPO成功过会

Core Viewpoint - Jiangsu Xihua New Energy Technology Co., Ltd. (Xihua Technology) has successfully passed the listing review by the Shanghai Stock Exchange, indicating its compliance with issuance, listing, and information disclosure requirements [1] Company Overview - Founded in 2001, Xihua Technology is one of the few companies in China that provides full-process services for wind turbine gearbox components and has become a leading manufacturer of large specialized components for wind turbine gearboxes globally [1] - The company has established itself as a long-term key supplier for Haitian Plastic Machinery, a leader in large injection molding machines [1] Product Development - Xihua Technology is actively developing products for onshore and offshore wind turbine equipment ranging from 1MW to 22MW, aligning with the trend of larger wind power equipment [1] - The sales proportion of specialized components for wind turbine gearboxes of 7MW and above increased from 31.71% in 2024 to 58.31% in June 2025, highlighting the company's competitive advantage in large megawatt products [1] Financial Performance - From 2022 to 2024, Xihua Technology maintained stable annual revenue exceeding 900 million yuan [1] - In the first half of 2025, the company achieved a revenue of 580 million yuan, representing a year-on-year growth of 36.67%, and a net profit attributable to shareholders of 94.287 million yuan, up 55.67% year-on-year [1] Future Plans - The funds raised from the IPO will primarily be used for the construction of a "Core Equipment R&D Center and Industrialization Project (Phase I)" and a "Key Core Component R&D Project for Wind Turbine Gearboxes," which will support the company's expansion, supply chain improvement, market development, and technological upgrades [2] - Xihua Technology is planning to establish overseas production bases to meet the global demand for its products, in response to the international expansion strategies of domestic wind power companies [1][2] Industry Context - The company is positioned as an essential part of the Chinese wind power supply chain, with expectations to contribute significantly to the future of green energy through technological innovation and focused efforts [2]