Group 1 - The core viewpoint of the news is that TianNeng Heavy Industry has secured several significant projects and is expanding its overseas business, particularly in the Asia-Pacific market [1] - TianNeng Heavy Industry has won bids for projects such as the Guangxi Yangjiang Fan Stone Project and parts of the Jiangsu Rudong Intertidal Zone Project [1] - The company is focusing on exporting wind power equipment, including towers and jackets, and is also involved in oil and gas pile products [1] Group 2 - The processing fee trend is on the rise this year, driven by enhanced R&D capabilities and product structure optimization [1] - High-value new products have significantly higher processing fees compared to traditional categories, indicating a shift towards more profitable offerings [1] - The delivery of overseas orders is expected to increase in the third and fourth quarters, with new orders signed this year [1]

Group 1: Investor Relations Activity - The investor relations activity was a targeted research event held online on May 23, 2025 [2][3] - Participants included representatives from various asset management firms and securities companies [2] Group 2: Company Projects and Business Operations - The company has secured contracts for marine engineering projects, including the Guanghe Yangjiang Fan Stone project and sections of the Jiangsu Rudong intertidal zone project [3] - The overseas business primarily focuses on exporting wind power equipment such as tower tubes and conductor frames, with a significant presence in the Asia-Pacific market [3] Group 3: Financial Trends and Projections - The processing fees are expected to rise due to an overall upward trend in bidding prices and enhanced R&D capabilities leading to higher-value products [3] - The first quarter's deliveries were primarily from orders signed last year, which had lower profit margins, while new orders are anticipated to be delivered in Q3 and Q4 of this year [3] Group 4: Disclosure Compliance - The activity did not involve any undisclosed significant information [3]