DHI(SZ:002487) Ge Long Hui·2025-09-29 12:56Core Viewpoint - The company, a leading global supplier of offshore wind power equipment, has submitted a listing application to the Hong Kong Stock Exchange, aiming to enhance its market position and expand its operations in the renewable energy sector [1][4]. Group 1: Company Overview - The company has been deeply involved in the renewable energy industry for nearly two decades, providing one-stop solutions for offshore wind power developers, including construction, transportation, and delivery [4]. - It was the first wind power tower company to be listed on the Shenzhen Stock Exchange in 2010 and has played a significant role in the development of China's wind power industry [4]. - The company has strategically focused on high-tech standards and high-value offshore wind power markets, transitioning from a product supplier to a system service provider [4]. Group 2: Market Position and Financial Performance - According to Frost & Sullivan, the company is the number one supplier of offshore wind power equipment in the European market, with market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025 [7]. - The company has achieved significant growth in overseas revenue, with figures of RMB 837.9 million, RMB 1,714.7 million, RMB 1,733.0 million, and RMB 2,243.2 million for the years 2022, 2023, 2024, and the first half of 2025, respectively, representing a rising proportion of total revenue from 16.4% to 79.0% [7]. - The company's net profit has shown a consistent upward trend, with net profits of RMB 450.3 million, RMB 425.2 million, RMB 473.9 million, and RMB 546.5 million for the same periods, leading to a net profit margin increase from 8.8% to 19.2% [8]. - For the first half of 2025, the company reported a revenue of RMB 2,841.1 million, a year-on-year increase of 109.5%, and a net profit of RMB 546.5 million, a growth of 214.3% [8]. Group 3: Future Plans and Investments - The funds raised from the listing are intended for upgrading comprehensive solutions for deep-sea projects, constructing a European assembly base, investing in global research and development centers, expanding into new global markets, and general corporate purposes [8].