Titan Wind(SZ:002531) Mei Ri Jing Ji Xin Wen·2025-12-06 06:25Core Viewpoint - The company is experiencing a significant increase in revenue within the marine engineering sector, with a notable rise from 21 million yuan in the first half of 2025 to 66 million yuan in the third quarter, indicating explosive growth potential. However, the gross margin remains under pressure, and the company is awaiting order fulfillment to fully utilize its capacity [1]. Group 1 - The marine engineering revenue for the first half of 2025 was 21 million yuan, which surged to 66 million yuan in the third quarter, showcasing a rapid growth trend [1]. - The company has indicated that its production capacity is ready and is currently waiting for orders to be fulfilled, which is crucial for achieving profitability [1]. - The company is in the trial production phase at the Yangjiang base, while the construction of the Shiyang Phase II and the German base is ongoing, with no production yet commenced [1]. Group 2 - The company has not provided a specific timeline or revenue scale for when it expects to reach a profitability inflection point, as this is contingent on order acquisition and project delivery schedules [1]. - Future disclosures regarding revenue scale, capacity utilization, and timelines will depend on the progress of each base and market conditions [1].