风电行业点评：高景气兑现期，业绩线+两海预期共振，板块有望迎来一致性行情

Investment Rating - The report rates the wind power industry as "Overweight," indicating an expectation for the industry to outperform the overall market [3][10]. Core Insights - The wind power sector is experiencing a high growth period, with significant profit improvements reported by several companies. For instance, Feiwo Technology's Q2 net profit reached 34 million yuan, up 241.45% year-on-year, while Shuangyi Technology's Q2 net profit was 70 million yuan, up 239.40% year-on-year [1][3]. - The report anticipates that by 2025, new wind power installations in China could reach 110 GW, supported by a robust demand driven by the "14th Five-Year Plan" and a substantial increase in Q2 installations, which were 36.77 GW, a year-on-year increase of 255.61% [3]. - The report highlights the potential for a synchronized market rally in the wind power sector, driven by both domestic and international expectations for offshore wind development, particularly with the European offshore wind capacity projected to increase by 107% in 2026 [3]. Summary by Sections Performance and Profitability - The report emphasizes the importance of performance metrics, noting that the wind power sector's profitability is expected to continue improving, with Q3 performance likely to exceed expectations due to increased production and shipment across the entire industry chain [3]. Investment Recommendations - Key companies to focus on include Jinlei Co., which has strong profit elasticity, and Haili Wind Power, which shows significant growth potential. Other notable mentions include Dongfang Cable, Goldwind Technology, Dajin Heavy Industry, Zhongtian Technology, Guoda Special Materials, Xinqianglian, Yunda Co., and Sany Heavy Energy [3]. Valuation Metrics - The report provides a valuation table for key companies in the wind power sector, detailing metrics such as market capitalization, price-to-book (PB) ratios, and projected earnings per share (EPS) for 2023 to 2026, indicating a comprehensive analysis of the sector's financial health [5].