研报掘金丨华鑫证券：予金雷股份“买入”评级，“铸+锻”双驱动，盈利能力提升

Core Viewpoint - The report from Huaxin Securities highlights Jinlei Co., Ltd.'s dual-driven growth strategy in forging and casting, leading to significant performance improvements in the first three quarters of the year [1] Group 1: Financial Performance - Jinlei's core business in wind power forging shafts has shown substantial growth, with revenue reaching 589 million yuan, a year-on-year increase of 47.33% [1] - The company's wind power casting business has rapidly expanded, achieving sales revenue of 280 million yuan, a remarkable year-on-year growth of 276.06% [1] Group 2: Product Development and Capabilities - Jinlei has developed a full range of forging products covering 1.5MW to 9.5MW models, ensuring comprehensive power coverage [1] - The company has invested in research and production of offshore wind casting products, now capable of producing key casting components for large wind turbines ranging from 5MW to 30MW [1] Group 3: Strategic Partnerships - Jinlei has established strong strategic partnerships with leading global wind turbine manufacturers, including GE, Siemens Gamesa, and Vestas, enhancing its market position [1]