TMT(SH:600458) Chang Jiang Shang Bao·2025-11-27 00:04Core Viewpoint - The company, Times New Materials, is accelerating its globalization strategy with significant investments in Vietnam and Serbia, marking a new phase in its overseas expansion efforts [1][2][3] Group 1: Overseas Expansion - The company plans to invest 458 million yuan (approximately 63.67 million USD) in its wholly-owned subsidiary, Vietnam Wind Power Blade Engineering Co., to enhance its platform construction and operational scale [2][3] - The investment in Vietnam aims to strengthen the company's position in the growing Southeast Asian wind power market, where demand for clean energy equipment is increasing [2][3] - Additionally, the company’s subsidiary in Germany intends to invest 600,000 euros (approximately 49.28 million yuan) to establish a wholly-owned subsidiary in Serbia, focusing on the development, production, and sales of automotive parts [3] Group 2: Financial Performance - In the first three quarters of 2025, the company achieved revenue of 14.949 billion yuan, a year-on-year increase of 14.42%, and a net profit attributable to shareholders of 428 million yuan, up 40.52% [1][5] - The company’s revenue has shown steady growth, increasing from 15.03 billion yuan in 2022 to 20.06 billion yuan in 2024, representing a growth of 33.39% over three years [5] - The wind power segment has been a key driver of growth, with sales revenue from wind power blades reaching 3.911 billion yuan in the first half of 2025, a year-on-year increase of 39.38% [5][6] Group 3: Research and Development - The company has invested a total of 2.536 billion yuan in research and development from 2023 to the first three quarters of 2025, with annual increases of 22.41%, 21.54%, and 1.46% respectively [6] - The company has established advanced research and development platforms and testing facilities, supporting its business expansion and globalization efforts [6] - The focus on technology innovation is a core driver for the company's sustained growth, with significant R&D investments underpinning its competitive edge in various sectors [6]