Group 1 - The Johannesburg International Mining and Power Expo in South Africa will take place from September 7-11, 2026, at the Johannesburg International Exhibition Centre, held biennially [1] - Established in 1972, the expo is the largest and most influential professional exhibition in Africa, covering themes such as mining machinery, engineering machinery, power energy, industrial manufacturing, and automation [3] - South Africa is the world's fourth-largest mineral country, with gold and diamond reserves and production leading globally, and has a rich variety of over 150 known underground mineral resources [3] Group 2 - The 2024 edition of the expo set a record with 950 exhibitors from various countries, covering a net exhibition area of 40,000 square meters, and attracting 39,885 professional visitors from 58 countries [4] - Major mining resource countries and equipment manufacturing nations participated, including the USA, UK, Germany, Russia, Canada, Japan, and South Africa, showcasing the event's global significance [4] - Chinese exhibitors consistently exceed 150 companies per edition, indicating strong interest and significant exhibition results [4] Group 3 - The range of exhibits includes mining equipment, engineering machinery, electrical engineering, and various components and systems related to power generation and industrial applications [8][9] - Specific categories of exhibits encompass heavy mining machinery, construction vehicles, electrical automation technology, and safety equipment, reflecting the diverse needs of the mining and power sectors [8][9] - The expo serves as a vital platform for industry professionals to explore business opportunities and advancements in technology within the mining and power industries [4][3]

Core Viewpoint - Times New Material (时代新材) has successfully secured significant contracts in the wind power sector, totaling approximately RMB 44.9 billion, which is expected to positively impact the company's performance in the coming years [1][2]. Group 1: Contract Details - In the third quarter of 2025, Times New Material signed contracts worth RMB 44.9 billion for wind turbine blades, with RMB 4.42 billion for offshore projects and RMB 40.48 billion for onshore projects [2]. - The total contract amount for blade sales and services signed by the company in the first three quarters of 2025 reached approximately RMB 92 billion, equivalent to the company's revenue for the first three quarters [1][3]. Group 2: Financial Performance - For the first half of 2025, Times New Material reported revenue of RMB 92.56 billion, a year-on-year increase of 6.87%, and a net profit of RMB 3.03 billion, up 36.66% [4]. - The company anticipates a historic revenue breakthrough of RMB 200 billion in 2024, with a net profit of RMB 4.45 billion, reflecting a double-digit growth rate [1][4]. Group 3: Market Position and R&D - Times New Material ranks third globally in wind turbine blade production and maintains a leading position in various sectors, including rail transportation and automotive vibration control [1][5]. - The company has invested significantly in R&D, with expenditures of RMB 10.53 billion planned for 2024, reflecting a commitment to innovation and maintaining competitive advantages [1][5]. Group 4: Client Base and Strategic Partnerships - The company serves 90% of global vehicle manufacturers and is a key supplier for major clients such as WABTEC and ALSTOM in the rail sector [6]. - Times New Material has established strategic partnerships with leading wind turbine manufacturers, enhancing its market presence and operational capabilities [3][5].