惠柏新材前三季度营收同比增长76.34%，风电主业乘“深远海”东风加速布局

Core Insights - The company, Huibei New Materials, is capitalizing on market opportunities amid the ongoing global energy transition and the recovery of the wind power industry, leading to steady performance improvements [2][3]. Financial Performance - For the first three quarters of 2025, the company reported revenue of 1.641 billion yuan, a year-on-year increase of 76.34%, and a net profit attributable to shareholders of 60.3354 million yuan, up 1222.38% [2]. - In Q3 alone, the company achieved revenue of 626 million yuan, reflecting a 49.59% year-on-year growth, with a net profit of 27.1307 million yuan, marking a staggering increase of 3066.26% [2]. Industry Growth and Market Position - Huibei New Materials is a leading player in the epoxy resin market for wind turbine blades, benefiting from the steady growth of the global and domestic wind power industries [3]. - The global wind power market is entering a new growth cycle, with Wood Mackenzie forecasting an average annual addition of over 170 GW of wind power capacity in the next five years [3]. - In China, the National Energy Administration reported a 56.16% year-on-year increase in newly installed wind power capacity in the first nine months of 2025 [3]. Expansion into New Materials - The company is actively expanding its application of new composite materials across various sectors, including sports equipment, rail transportation, automotive lightweighting, hydrogen storage, carbon boards, footwear, robotics, drones, LED packaging, and electronic components [4]. - A notable collaboration with Calai Technology resulted in the launch of the Coleitec HyPVessel carbon fiber hydrogen storage bottle, showcasing the company's commitment to high-performance materials [4]. Research and Development - The company has a solid foundation in R&D, holding 29 invention patents and 58 utility model patents, which support its product diversification and market responsiveness [5]. - Huibei New Materials has participated in industry exhibitions, showcasing innovative products such as epoxy resins for drones and biodegradable epoxy resins, receiving positive feedback from the industry [6]. Policy and Future Outlook - The "14th Five-Year Plan" is expected to bring new growth cycles for the wind power and new materials industries, with significant targets set for wind power capacity additions [6][7]. - The company is poised to leverage emerging opportunities in deep-sea and low-altitude economies, aiming to establish a more diversified and sustainable growth model during the "14th Five-Year Plan" period [7].