锡华科技IPO获准注册 深耕新能源风电高端装备部件

Core Viewpoint - The approval of Jiangsu Xihua New Energy Technology Co., Ltd.'s IPO application marks a significant step towards its entry into the capital market, reflecting strong recognition of its past achievements and core competitiveness by the capital market [1][2] Company Overview - Jiangsu Xihua Technology, established in 2001, is a leading manufacturer of high-end equipment components, specializing in providing comprehensive services for wind turbine gearbox components [1] - The company aims to become a top global manufacturer in the new energy wind power sector, supporting the development of new productive forces in the national renewable energy field [1] Product Development - Xihua Technology has developed products applicable to onshore and offshore wind turbine equipment ranging from 1MW to 22MW [1] - By 2024, the sales proportion of its gearbox components for products of 7MW and above is expected to reach 31.71%, increasing to 58.31% by June 2025, showcasing a significant advantage in large megawatt products [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 580 million yuan, a year-on-year increase of 36.67%, with a net profit of 94.287 million yuan, up 55.67% year-on-year [2] - As of late July 2025, the company had a total order volume of approximately 32,378.12 tons, with a monthly average tonnage of about 12,951.25 tons, reflecting a 70.04% increase compared to the average monthly sales of 7,616.44 tons in 2024 [2] Future Outlook - The company anticipates operating revenue for the first three quarters of 2025 to reach between 859 million and 869 million yuan, representing a year-on-year increase of 29.04% to 30.54% [2] - Expected net profit for the same period is projected to be between 150 million and 157 million yuan, with a year-on-year increase of 44.03% to 50.52% [2] - The successful registration approval is expected to provide strong momentum for the company's future development, supported by national policies favoring the new energy and high-end equipment manufacturing sectors [2]