Titan Wind(SZ:002531) Cai Jing Wang·2026-01-29 09:40Core Viewpoint - TianShun Wind Power has announced a significant expected net profit loss for 2025, projecting a loss between -190 million to -250 million yuan, representing a year-on-year decline of 199.94% to 222.29% [1] Group 1: Performance Forecast - The company is undergoing a strategic transformation from "land to sea," reducing its onshore wind power equipment business by merging its tower and blade divisions into an onshore equipment division [1] - The anticipated losses are attributed to impairment provisions for assets related to the planned shutdown of onshore wind equipment production bases and some long-term equity investments, with specific impairment amounts to be confirmed in the annual report audit [1] Group 2: Strategic Focus - TianShun Wind Power is focusing on establishing a global offshore equipment manufacturing base, aiming to accelerate the expansion of its offshore wind power market both domestically and internationally [1] - The company plans to concentrate core resources to develop a competitive offshore wind power equipment manufacturing and service system, seizing opportunities in marine renewable energy to enhance long-term profitability [1] Group 3: Subsidiary Shutdowns - The company has announced the long-term shutdown of six wholly-owned subsidiaries, including Shandong Blade, Qian'an Blade, Puyang Tower, Heze Tower, Tongliao Tower, and Taicang Tower, to optimize overall resource allocation and improve operational efficiency [2] - The decision to shut down these subsidiaries, which are currently operating at a loss, is not expected to significantly impact the company's main business [2]