三一重能 20250429 摘要 • 三一重能 2024 年营收 177.92 亿元，同比增长 19.1%，但归母净利润同 比下降 9.7%至 18.12 亿元，主要受政府补助减少和谨慎性资产减值影响。 综合毛利率提升至 16.9%，期间费用率降至 10.13%。 • 公司研发投入 7.77 亿元，占营收 4.37%，在陆上、海上及海外机型方面 取得突破，包括 131 米叶片下线和 15~16 兆瓦双馈发电机设计，35 兆瓦 级六自由度整机试验平台已投入运行，助力双海战略。 • 2024 年新增装机容量 9.15GW，同比增长 23.5%，国内市场占有率提升 至 10.52%，新增订单超 20GW，在手订单超 24GW。海上订单实现突破， 海外市场新签项目近 2GW，中亚地区获取吉瓦级绿地项目开发权。 • 三一重能通过发电设备实现发电量约 1,358 亿千瓦时，减少二氧化碳排放 7,287 万吨。发布气候行动白皮书，获 Equator 银牌认证，韶山叶片生产 基地获世界经济论坛灯塔工厂认证，践行绿色转型。 • 公司预计 2025 年国内外风电装机容量将达历史最高水平，同比增长约 30%。海外市场显著增长，尤其 ...

Financial Data and Key Metrics Changes - In Q1 2025, the company's revenue was CNY 9.47 billion, an increase of CNY 2.49 billion year-over-year [14] - The comprehensive profit margin for Q1 2025 was 21.78%, down by 3.11% compared to the previous year [15] - Net profit attributable to the owners of the company was CNY 1.568 billion, growing by 17% [16] - The weighted average return on equity was 1.48%, an increase of 0.2% [17] Business Line Data and Key Metrics Changes - In Q1 2025, total external sales from the WTG segment were 2,587.65 megawatts, growing by 80.16% [9] - The wind turbine order backlog reached a historical high of 51.09 gigawatts, with 39.9 gigawatts from signed contracts [10] - The attributable under construction wind capacity was 4,117 megawatts [12] Market Data and Key Metrics Changes - In Q1 2025, China recorded 40.6 gigawatts of new grid connections, down by 5.7% [5] - Public tendering in Q1 totaled 28.6 gigawatts, growing by 22.7% [6] - The offshore public tendering was 0.8 gigawatts, while onshore was 27.8 gigawatts [7] Company Strategy and Development Direction - The company aims to optimize its asset liability ratio and improve the delivery cycle while controlling expenses [23] - The focus remains on enhancing the growth of the WTG segment and expanding international market orders [11] Management's Comments on Operating Environment and Future Outlook - Management noted that the public tendering market is booming, indicating strong growth momentum [6] - The company expects continued improvement in profitability and operational cash flow due to favorable government policies supporting renewable energy [8][25] Other Important Information - The cash to total asset ratio improved to 8.75% year-over-year, attributed to prepayments for wind turbines and operational funds [24] - The interest-bearing debt accounted for 43% of total liabilities, remaining flat compared to the previous year [20] Q&A Session Summary Question: What are the expectations for the growth of the WTG segment? - Management expressed confidence in the WTG segment's growth, supported by a strong order backlog and market demand [10] Question: How does the company plan to manage its debt levels? - The company plans to optimize its debt structure and control the asset liability ratio while improving receivable collections [23] Question: What impact do government policies have on the company's operations? - Management highlighted that recent government policies have positively influenced the renewable energy sector, leading to increased public tendering and project opportunities [8]

节能风电（601016）公告，2025年第一季度营业收入13.08亿元，同比下降1.33%。净利润3.92亿元，同 比下降10.22%。 ...

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 9654.07万股，累计占流通股比： 14.54%，较上期变化： -725.16万股。 一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0482 | 0.0585 | -17.61 | 0.0969 | | 每股净资产（元） | 4.78 | 4.66 | 2.58 | 4.42 | | 每股公积金(元) | 1.67 | 1.67 | 0 | 1.67 | | 每股未分配利润(元) | 1.97 | 1.85 | 6.49 | 1.66 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 7.95 | 6.57 | 21 | 8.05 | | 净利润(亿元) | 0.45 | 0.55 | -18.18 | 0.91 | | 净资产收益率(%) | 1.01 | 1.26 | -19.8 ...

资料图 "对能否继续开展业务产生了重大怀疑"，涉足家用光伏发电等业务的美国Sunnova3月向投资 者宣布面临着维持业务的危机。随着特朗普政府的上台，可再生能源相关投融资正笼罩阴 影。海上风力发电也面临逆风…… 全球环保投融资的组成金额在2024年约为4700亿美元，比达到顶峰的2021年减少了约30%。 利率上 升和零部件价格上涨等通货膨胀成为了沉重负担。 在美国特朗普政府的反ESG(环境、社会、公司 治理)政策影响下，出现了停止投资、或避免贴上"绿色"标签、转向普通投融资等的趋势。 随着反ESG氛围加强和监管强化，更加严格地看待投融资带来的去碳化效果这一趋势加强，大型 日资银行相关人士表示，"为了避免对石油业界等洗绿的批评，出现了主动不贴上环境投融资标 签的这一趋势"。 海上风力的开发费用急剧增加，计划的取消也相继发生。丹麦的世界最大海上风力企业奥斯特德 (Orsted)以建设成本和利率上升为背景，2024年10～12月因美国业务而计提了121亿丹麦克朗的减 值损失。 从环保投融资来看，在利率上升和通货膨胀的背景下，在2022年出现下滑，到2024年出现了暂时 恢复的迹象。然而，目前随着特朗普政府的上台， ...