12月12日，锡华科技（603248）(603248.SH)开启申购，发行价格为10.10元/股，申购上限为2.1万股，市盈率33.12倍，属于上交 所，国泰海通证券为其保荐机构。 招股书披露，锡华科技主要从事大型高端装备专用部件的研发、制造与销售，产品结构以风电齿轮箱专用部件为主、注塑机厚 大专用部件为辅，是全球行业领先、质量可靠、技术卓越的大型高端装备专用部件制造商。公司产品主要应用于大型风电装备 与注塑机领域，公司是国内少数可提供风电齿轮箱专用部件全工序服务的企业。 2022年度至2024年度，公司主要产品销量整体呈上升趋势、主营业务收入稳中有升，销量从77,744.88吨扩大至91,397.22吨。 2022年度至2024年度，公司在风电齿轮箱专用部件的铸件细分领域全球市场占有率为20%左右。 | 产品类别 | 项目 | 2024 年度 | 2023 年度 | 2022 年度 | | --- | --- | --- | --- | --- | | 风电齿轮箱专用部件 | 销售收入(万元) | 77.526.44 | 76.161.00 | 77,883.03 | | 销售数量(吨) | | 68.82 ...

招股意向书显示，锡华科技成立于2001年6月，其主要从事大型高端装备专用部件的研发、制造与销售，产 品结构以风电齿轮箱专用部件为主、注塑机厚大专用部件为辅，是全球行业领先、质量可靠、技术卓越的 大型高端装备专用部件制造商。 全工序服务构筑竞争力 央广网北京12月8日消息（记者 邹煦晨）近日，江苏锡华新能源科技股份有限公司（以下简称"锡华科 技"，603248.SH）正式发布首次公开发行股票并在上交所主板上市的招股意向书，拟公开发行新股1亿股， 占发行后总股本的21.74%。 锡华科技的核心竞争优势之一，在于其具备国内少有的全工序服务能力。 资料显示，风电是实现"双碳"战略发展目标的重要方式之一，是我国新能源领域发展新质生产力的重要力 量。随着风电机组大型化、降本增效趋势的发展，风电装备制造厂商倾向于选择具备毛坯制造与机械加工 全工序服务能力的专用部件企业，以减少外协加工带来的运输成本增加、产品质量不稳定、交付周期不确 定等因素的影响。 锡华科技在招股意向书中表示，公司在高端装备专用部件领域拥有毛坯制造与机械加工全工序服务能力， 是国内少数可提供大型风电齿轮箱专用部件从前端毛坯制造到后端成品加工全工序服务的企业 ...

上海市船舶与海洋工程学会、中国船舶及海洋工程设计研究院、DNV、美国船级社（ABS）、法国船 级社（BV）等行业协会、科研院所、权威机构及产业链合作伙伴代表齐聚现场，共同见证这一风电物 流领域的突破性事件。仪式上，DNV、 ABS和BV分别向大金重工颁发原则性认可（AIP ）证书。这一 认证是国际权威机构对该船型设计符合全球安全、环保与合规标准的直接背书。 据了解，大金重工股份有限公司成立于2000年，2010年在深交所主板上市，是国内风电塔筒行业的首家 上市公司，经过20年的行业深耕，大金重工已经稳居全球风电装备制造产业先驱梯队。公司主要产品 为：海上风电/陆地风电全系列的塔架、转换段、基础段、大型管桩、深远海导管架、浮式基础、海上 升压站等产品。 三大船级社的联合认证，不仅印证了该船型的技术先进性与可靠性，也为其全球市场推广奠定了坚实基 础。 为配合全球化战略布局，大金重工着力搭建配套的全球化物流体系。依托盘锦大金的船舶建造优势，由 大金重工独创设计并自行负责建造海上风电装备特种运输船，设计型宽51米、总长240米、载重量50000 吨以上、吃水深度8米。目前，一期2~4艘甲板驳船已经开始打造，2025年 ...

Core Viewpoint - The company is experiencing a significant increase in revenue within the marine engineering sector, with a notable rise from 21 million yuan in the first half of 2025 to 66 million yuan in the third quarter, indicating explosive growth potential. However, the gross margin remains under pressure, and the company is awaiting order fulfillment to fully utilize its capacity [1]. Group 1 - The marine engineering revenue for the first half of 2025 was 21 million yuan, which surged to 66 million yuan in the third quarter, showcasing a rapid growth trend [1]. - The company has indicated that its production capacity is ready and is currently waiting for orders to be fulfilled, which is crucial for achieving profitability [1]. - The company is in the trial production phase at the Yangjiang base, while the construction of the Shiyang Phase II and the German base is ongoing, with no production yet commenced [1]. Group 2 - The company has not provided a specific timeline or revenue scale for when it expects to reach a profitability inflection point, as this is contingent on order acquisition and project delivery schedules [1]. - Future disclosures regarding revenue scale, capacity utilization, and timelines will depend on the progress of each base and market conditions [1].

Core Viewpoint - The stock price of Taisheng Wind Power has increased by 5.05% on December 2, reaching 8.32 CNY per share, with a trading volume of 282 million CNY and a turnover rate of 5.24%, resulting in a total market capitalization of 7.778 billion CNY. The stock has seen a cumulative increase of 5.04% over the past three days [1]. Company Overview - Taisheng Wind Power Group Co., Ltd. is located at 40th Floor, Xingyang West Coast Center, Longyao Road, Xuhui District, Shanghai, and was established on April 13, 2001, with its listing date on October 19, 2010. The company specializes in the manufacturing and sales of onshore and offshore wind power equipment and marine engineering equipment [1]. - The revenue composition of Taisheng Wind Power is as follows: 81.87% from onshore wind power equipment (including concrete towers), 15.80% from offshore wind power and marine engineering equipment, 1.81% from innovation and other businesses, and 0.52% from zero-carbon businesses [1]. Shareholder Information - Among the top ten circulating shareholders of Taisheng Wind Power, a fund under Southern Fund ranks as a significant holder. The Southern CSI 1000 ETF (512100) reduced its holdings by 83,800 shares in the third quarter, now holding 5.9895 million shares, which accounts for 0.9% of the circulating shares. The estimated floating profit today is approximately 2.3958 million CNY, with a floating profit of 2.276 million CNY during the three-day increase [2]. - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 25.49%, ranking 1933 out of 4206 in its category; the one-year return is 20.87%, ranking 2233 out of 4012; and since inception, the return is 11.05% [2]. - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 27 days, managing a total fund asset size of 122.76 billion CNY. The best fund return during the tenure is 172.91%, while the worst return is -15.93% [2].

数据显示，南方基金旗下1只基金位居泰胜风能十大流通股东。南方中证1000ETF（512100）三季度减 持8.38万股，持有股数598.95万股，占流通股的比例为0.9%。根据测算，今日浮盈赚取约239.58万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益23.15%，同类 排名2011/4206；近一年收益22.74%，同类排名2147/4006；成立以来收益8.99%。 南方中证1000ETF（512100）基金经理为崔蕾。 11月27日，泰胜风能涨5.31%，截至发稿，报7.94元/股，成交1.07亿元，换手率2.08%，总市值74.23亿 元。 资料显示，泰胜风能集团股份有限公司位于上海市徐汇区龙耀路175号星扬西岸中心40楼，成立日期 2001年4月13日，上市日期2010年10月19日，公司主营业务涉及陆上与海上风电装备、海洋工程装备制 造、销售等业务。主营业务收入构成为：陆上风电装备(含混凝土塔筒)81.87%，海上风电及海洋工程装 备15.80%，创新及其他业务1.81%，零碳业务0.52%。 从泰胜风能十大流通股东角度 截至发稿， ...

Core Insights - Daikin Heavy Industries' subsidiary, Penglai Daikin Marine Engineering Co., Ltd., signed an exclusive supply contract for a transitional segment of an offshore wind farm project with a European energy company, amounting to approximately RMB 1.339 billion, which represents about 35.41% of the company's audited revenue for 2024 [1][3] Group 1 - The contract includes a comprehensive service package for product construction, transportation, storage, and assembly, with delivery expected by 2027. The offshore construction is anticipated to start in 2026, and the project will provide green electricity to around 1 million households once operational in 2028 [3] - Daikin Heavy Industries, founded in 2000 and listed in 2010, is the first publicly listed company in China's wind power tower industry, offering a full range of products for both offshore and onshore wind power [3] - Penglai Daikin, established in 2009 with a registered capital of RMB 130 million, is the largest single factory for offshore wind power marine engineering globally, with a production capacity of 500,000 tons [3] Group 2 - In addition to the aforementioned contract, Penglai Daikin has signed multiple overseas contracts in recent years, including a long-term supply contract for offshore wind foundations worth approximately RMB 1.25 billion, which accounts for about 33% of Daikin Heavy Industries' audited revenue for 2024 [4] - The first batch of six foundation piles for the InchCape offshore wind project in Scotland has been shipped from Daikin Heavy Industries' Penglai base, with the project being the second delivery to Scotland following the MorayWest project [4] - On July 21, Penglai Daikin signed a contract to supply ultra-large offshore wind foundation piles for another European offshore wind project, with a total contract value of approximately RMB 430 million, showcasing the international recognition of its marine engineering manufacturing capabilities [5]

Core Viewpoint - Daikin Heavy Industries has secured a significant overseas wind power contract worth approximately 1.339 billion yuan, marking a strategic expansion into the renewable energy sector while achieving impressive financial performance in recent quarters [1][2]. Group 1: Overseas Orders - Daikin Heavy Industries' subsidiary, Penglai Daikin, signed an exclusive supply contract for an offshore wind farm project in Europe, valued at about 1.339 billion yuan, which represents 35.41% of the company's audited revenue for 2024 [2]. - The company has accumulated nearly 3 billion yuan in overseas orders since the beginning of the year, with total overseas offshore engineering orders exceeding 10 billion yuan [2]. - Daikin Heavy Industries has become the leading supplier of offshore wind power foundation equipment in Europe, with a market share increase from 18.5% in 2024 to 29.1% in 2025 [3]. Group 2: New Energy Development - The company is transitioning from a single equipment supplier to an integrated service provider, focusing on both equipment manufacturing and project operation in the renewable energy sector [4]. - Daikin Heavy Industries is investing in a 950,000 kW onshore wind power project in Tangshan, with a total investment not exceeding 4.38 billion yuan, which includes multiple sub-projects [4][5]. - The company has achieved significant milestones in its new energy projects, including a 250 MW wind power project that generated over 666 million kWh and contributed more than 200 million yuan in revenue [4]. Group 3: Financial Performance - For the first three quarters of 2025, Daikin Heavy Industries reported a revenue of 4.595 billion yuan, a year-on-year increase of 99.25%, and a net profit of 888 million yuan, reflecting a substantial growth of 214.63% [1][5].

Core Viewpoint - Gansu Province's Jiuquan City is leveraging its abundant wind energy resources to develop a comprehensive wind power industry chain, with significant local manufacturing capabilities established [1] Industry Development - Jiuquan has attracted several leading domestic wind turbine manufacturing companies, contributing to the localization of wind power equipment [1] - The region now has the capacity to produce 20 million kilowatts of wind power equipment annually, showcasing its robust manufacturing capabilities [1]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) of China is seeking public feedback on the "Wind Power Equipment Industry Normative Conditions" and the "Management Measures for the Announcement of Wind Power Equipment Industry Norms" to promote the sustainable and healthy development of the wind power equipment manufacturing industry [1][2]. Group 1: Industry Norms and Guidelines - The normative conditions aim to encourage and guide wind power equipment manufacturers in standardizing their research, manufacturing, testing, installation, and collaboration within the industry, while also clarifying social responsibilities and supervisory management requirements [4][5]. - The guidelines cover various manufacturers, including those producing wind turbines, blades, towers, gearboxes, generators, converters, control systems, bearings, steel structures, and submarine cables [4]. - The MIIT encourages manufacturers to apply green and intelligent technologies throughout the entire process, promote international strategies, and enhance product quality through improved safety and reliability standards [4][5]. Group 2: Basic Requirements for Enterprises - Enterprises must be legally registered in China, possess independent legal status, and have the capability for independent production, sales, and after-sales service of wind power equipment [5][6]. - Companies should maintain a good credit and public image, demonstrate strong performance capabilities, comply with tax laws, and have no legal violations [5]. - A comprehensive management system for research, manufacturing, quality, and operation maintenance is required, along with strict quality control processes and continuous improvement mechanisms [5][6]. Group 3: Research and Development - Manufacturers of complete machines, converters, and control systems must invest at least 4% of their main business income in R&D or process improvements, while other manufacturers must invest at least 3% [7]. - Key components of wind turbines must meet relevant standards and obtain type certification, including blades, gearboxes, generators, converters, towers, control systems, and bearings [8][9]. - The design of wind turbines must comply with various national and international standards, ensuring quality and safety [9][10]. Group 4: Testing and Validation - Wind turbines must undergo testing and validation, including type tests for key components and prototype tests for the complete machine [11][12]. - The grid adaptability tests and fault ride-through capability tests must meet or exceed specified standards [12][13]. - New models must undergo a one-year trial operation to verify performance and stability before mass production [12][13]. Group 5: Installation and Debugging - Transportation of wind turbines must comply with relevant standards, and installation must meet specified requirements [13][14]. - Acceptance criteria for wind turbines must align with national standards, ensuring quality supervision and process management [14][15]. - Manufacturers should possess strong operational and maintenance capabilities, utilizing advanced information technology for monitoring and fault prediction [15]. Group 6: Industry Collaboration and Social Responsibility - Wind power equipment manufacturers should promote sustainable industry development, maintain order, and avoid disruptive pricing practices [15][16]. - Companies are encouraged to focus on key common technologies and enhance innovation capabilities within the industry [17]. - Manufacturers must comply with safety production laws and report any quality incidents promptly, ensuring accountability and corrective measures [16][17].