智通财经网·2025-10-22 00:22Industry Overview - As of now, the newly installed wind power capacity in China exceeds 57.84 million kilowatts, with a cumulative installed capacity of 580 million kilowatts, accounting for 15.7% of the national power generation capacity [1] - The wind power installed capacity in China has ranked first in the world for 15 consecutive years, entering a new era of annual new installations exceeding 10 million kilowatts [1] - In the first eight months of 2025, the national wind power installed capacity reached 58 GW, a year-on-year increase of 72%, with Q3 showing continued growth in both onshore and offshore wind deliveries [1] - From January to September 2025, onshore wind turbine bidding reached 79 GW, a year-on-year increase of 7%, while offshore wind bidding reached 8.3 GW, a year-on-year increase of 9% [1] Event Highlights - The 2025 Beijing International Wind Energy Conference and Exhibition, regarded as a "barometer" for China's wind power industry, opened on October 20 [2] - During the opening ceremony, the "Beijing Wind Energy Declaration 2.0" was released, aiming to unify global consensus in the wind power industry, proposing an annual new installed capacity of no less than 12 million kilowatts during the 14th Five-Year Plan period, doubling the target set in 2020 [2] - According to SANY Renewable Energy's board secretary, the worst pricing situation for wind power has passed, and the industry's profitability is expected to significantly improve next year, although company performance may vary [2] Company Insights - Longyuan Power (00916), a subsidiary of the State Energy Group, is rapidly developing its offshore wind power business, with multiple large offshore wind farms in Jiangsu and Fujian. The company will benefit from VAT refunds under new policies, enhancing cash flow and overall performance [3] - Goldwind Technology (02202), a leading player in China's wind power industry, has made significant investments in offshore wind technology research and product manufacturing. The new policies are expected to further promote the offshore wind market, providing a favorable environment for sales [3] - Goldwind Technology anticipates revenue of 10.8 billion RMB from its own wind farms in 2024, with new orders in the offshore wind market reaching 6 GW in the first half of 2025. The company secured over 43% of the bidding volume in the 675 MW wind power project in October 2025, showcasing its strong competitive edge [3] - Goldwind Technology is also planning to invest 6 billion RMB to establish a zero-carbon wind power industrial base in the Beibu Gulf, further enhancing its competitiveness in the offshore wind market [3] - The cumulative delivery of Goldwind's mixed towers has surpassed 3,000 units, serving over 240 wind power projects across 21 provinces, with a total delivery capacity exceeding 15 GW [3]