TSP(SZ:300129) Zheng Quan Shi Bao Wang·2025-10-27 15:17Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue reaching 3.703 billion yuan, a year-on-year growth of 25.53%, and a net profit of 217 million yuan, up 45.11% [1] - In Q3 alone, the company achieved a net profit of 97.52 million yuan, reflecting a remarkable year-on-year increase of 394.52% [1] - The company has turned its cash flow from negative to positive, with a net cash flow from operating activities of 261 million yuan, and cash received from sales increasing by 59.84% to 4.144 billion yuan [1] Business Overview - The company specializes in wind power and marine engineering equipment, with main products including self-branded onshore wind power equipment and offshore wind power and marine engineering equipment [1] - As of the end of Q3, the company had a total of 4.769 billion yuan in executed and pending orders, with significant new orders in both onshore and offshore wind power equipment [1] Strategic Developments - The company has partnered with key clients to undertake the milestone V236 offshore wind power project in the Netherlands, which features one of the world's leading commercial wind turbine models [2] - The company is actively exploring zero-carbon business opportunities, with plans to advance wind farm projects in various regions, aiming to commence construction in 2026 [2]