DHI(SZ:002487) Sou Hu Cai Jing·2025-10-17 12:20Core Viewpoint - The offshore wind power sector is experiencing significant growth, with companies like Daikin Heavy Industries achieving remarkable stock performance and expanding their market presence in Europe, despite facing geopolitical and trade uncertainties. Group 1: Company Performance - Daikin Heavy Industries has seen its stock price increase by nearly 130% this year, leading the A-share wind power sector [2] - The company reported a dramatic revenue increase from 7.58 billion RMB to 22.43 billion RMB in the first half of 2025, resulting in overall revenue surpassing 28.41 billion RMB, more than doubling year-on-year [6] - The net profit for the same period grew over twofold to 5.47 billion RMB [6] Group 2: Market Position - Daikin Heavy Industries is the leading supplier of offshore wind power foundation equipment in Europe, with a market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025 [5] - The company has successfully passed supplier qualification reviews for major offshore wind developers in Europe since entering the market in 2019, establishing itself as a key player [5] - The European offshore wind market is projected to contribute significantly to global capacity, with 23.2 GW expected from Europe in 2024 [8] Group 3: Strategic Developments - Daikin Heavy Industries is pursuing a dual listing in Hong Kong and aims to enhance its local service capabilities in Europe by establishing an overseas production base and multiple wind power service ports [12] - The company currently holds over 10 billion RMB in offshore orders, primarily focused on projects in the North Sea and the Baltic Sea [11] - The firm is adapting to potential geopolitical risks by localizing its operations in Europe to mitigate trade friction impacts [12]