海力风电前三季度营收增长超两倍，单季净利同比大增779%

Core Viewpoint - The company, Haili Wind Power, reported significant growth in revenue and net profit for the first three quarters of 2025, driven by increased sales in the offshore wind power sector [1][2]. Group 1: Financial Performance - For the first three quarters of 2025, Haili Wind Power achieved revenue of 3.671 billion yuan, a year-on-year increase of 246.01%, and a net profit of 347 million yuan, up 299.36% [1]. - In the third quarter alone, the company reported revenue of 1.641 billion yuan, reflecting a year-on-year growth of 134.73%, and a net profit of 141 million yuan, which surged by 779.32% [1]. - The revenue breakdown for 2024 indicates that the foundation pile business accounted for 63.08% of total revenue, while wind turbine towers and guide frames contributed 23.63% and 10.15%, respectively [1]. Group 2: Industry Context - The offshore wind power sector has seen a resurgence in project initiation, with domestic offshore wind power capacity additions reaching 2.49 GW in the first half of 2025, a 200% increase year-on-year [2]. - Revenue from Haili Wind Power's foundation piles, wind turbine towers, and guide frames for the same period was 1.564 billion yuan, 292 million yuan, and 136 million yuan, marking increases of 1092.63%, 124.14%, and 84.94%, respectively [2]. - The company has multiple production bases and is expanding with new facilities planned in Jiangsu, Zhejiang, and Guangdong [2]. Group 3: Market Outlook - The wind power industry is expected to continue improving, with domestic onshore wind power installations projected to grow, and offshore projects likely to resume construction as regulatory constraints ease [3]. - A recent declaration from over 1,000 wind energy companies emphasizes the need for China to achieve an annual new installed capacity of no less than 15 million kilowatts for offshore wind power during the 14th Five-Year Plan [3]. - Despite a recent decline in the A-share wind power equipment sector, Haili Wind Power's market capitalization stands at 18.8 billion yuan, with its stock price closing at 87.3 yuan per share, down 7.88% [3].