Windey(SZ:300772) Quan Jing Wang·2025-11-26 09:45Core Viewpoint - The Chinese wind power industry is experiencing a new round of development opportunities against the backdrop of a global shift towards cleaner and low-carbon energy structures, with significant growth potential in the offshore wind sector predicted from 2025 to 2030 [1][2]. Industry Developments - The Global Wind Energy Association forecasts stable growth in the global wind power market from 2025 to 2030, particularly highlighting the offshore wind sector's growth potential [1]. - The company actively participates in key industry events, showcasing its strategic positioning in emerging industries [1][2]. Company Performance - The company’s mid-year financial report for 2025 indicates a robust growth in overall operating performance, with revenue reaching 10.89 billion RMB, a 26% increase year-on-year [4]. - Wind turbine sales generated revenue of 9.54 billion RMB, reflecting a 47% year-on-year growth, solidifying its role as the core revenue pillar [4]. - The gross margin for wind turbine sales improved to 7.3%, up 2.2% year-on-year, attributed to advancements in large-scale turbine technology and product optimization [4]. - The company sold a total wind turbine capacity of 6.3 GW in the first half of the year, marking a 56% increase year-on-year [4]. - As of the end of Q2, the company had a strong order backlog of 45.9 GW, a 34% increase from the previous year, supporting future capacity release and performance realization [4]. Future Outlook - The company plans to continue focusing on its core wind power business, promoting technological innovation and market expansion, while enhancing domestic and international market positioning and industry chain collaboration [5].