1月23日晚间，洛阳新强联（300850）回转支承股份有限公司（以下简称"新强联"）发布公告称，预计 2025年度实现归属于上市公司股东的净利润为7.8亿元至9.2亿元，同比增长1093.07%至1307.21%。 谈及业绩变动原因，新强联表示，受益于风电行业需求回暖，装机需求持续释放，公司依托技术优势进 一步扩大了市场份额。在产能利用率保持较高水平的背景下，公司通过优化成本管控、提升高附加值产 品比重，实现了产品毛利率的稳步提高。 三一重能股份有限公司方面在接受投资者调研时透露，2025年国内风机订单中标均价较上年有一定提 升。其背后动力是，风电行业已认识到"内卷式"竞争的危害，并多措并举推动风机价格明显回升。 与此同时，2025年，我国风电企业坚持自主创新，一方面推进风电机组大型化、轻量化，不断提升单机 容量，降低单位千瓦成本；另一方面深化数字化、智能化应用，依托工业物联网、大数据、智能算法等 实现研发、生产、运维全流程数字化，我国风电领域创新能力和综合竞争力进一步增强。 另外，一位行业分析师对《证券日报》记者表示，海上风电与海外市场的需求驱动，正成为推动行业中 长期增长的双重引擎。 海上风电方面，《全球 ...

Core Viewpoint - The company, Xinqianglian, provides a range of products including wind power main shaft bearings, yaw bearings, pitch bearings, offshore equipment crane slewing supports, shield machine bearings, and key components such as gearbox bearings and wind power locking discs [2]. Group 1 - The main products of the company include wind power main shaft bearings, yaw bearings, and pitch bearings [2]. - The company also manufactures offshore equipment crane slewing supports and shield machine bearings [2]. - Additional products include gearbox bearings, wind power locking discs, high-speed couplings, slewing support rolling elements, slewing support retainers, and industrial forgings [2].

Core Viewpoint - The acquisition of New Energy Bearings by the company is strategically aligned with its existing wind power business, focusing on enhancing its competitive advantage in the wind power core component sector [1] Group 1: Acquisition Details - The core products of New Energy Bearings include yaw bearings, pitch bearings, and main shaft bearings for wind turbine units, which have a high strategic synergy with the company's current wind power operations [1] - The company aims to expand production capacity, upgrade technology, and integrate resources in the wind power bearing product line following the acquisition [1] Group 2: Future Plans - The company currently has no plans for production layout in the robotics bearing business in the short term [1]

Core Viewpoint - New Strong Union (300850.SZ), a leading domestic wind power bearing company, has reported a significant recovery in performance, achieving record-high revenue and net profit for the same period since its listing [1][2]. Financial Performance - For the first three quarters of 2025, New Strong Union achieved revenue of 3.618 billion yuan, a year-on-year increase of 84.1%, and a net profit of 664 million yuan, a year-on-year increase of 1939.5%, compared to a loss of 36.09 million yuan in the same period last year [1][2]. - The company’s quarterly revenue for 2025 was 926 million yuan, 1.283 billion yuan, and 1.408 billion yuan, reflecting year-on-year growth of 107.46%, 110.09%, and 55.13% respectively [2]. - The net profit for the same quarters was 171 million yuan, 229 million yuan, and 264 million yuan, with year-on-year growth rates of 429.28%, 567.76%, and 308.57% respectively [2]. Industry Demand and Capacity Utilization - The growth in performance is attributed to the recovery in the wind power industry and the continuous release of wind power installation demand [1][2]. - The company maintained a high capacity utilization rate, which contributed to improved product gross margins [1][2]. Market Position and Competitive Advantage - New Strong Union has a strong market position with a substantial order backlog, reporting contract liabilities of 769.5 million yuan, a year-on-year increase of 13.19% [1][3]. - The company’s wind power products generated revenue of 1.676 billion yuan in the first half of 2025, with a gross margin of 30.5%, up from 12.27% in the same period of 2024 [3]. Research and Development Investment - The company has consistently invested in research and development, with R&D expenses exceeding 100 million yuan annually since 2021, totaling 621 million yuan over the past five years [4][5]. - As of mid-2025, New Strong Union holds 148 patents, including 31 invention patents, reinforcing its technological advantage [5]. Financial Health - The company’s financial condition has improved, with a debt-to-asset ratio of 38.37% as of the end of the third quarter of 2025, down from 47.45% in the same period of 2024 [5]. Stock Market Performance - New Strong Union's stock price has increased by 153.26% year-to-date, closing at 48.17 yuan per share on October 22, 2025, with a market capitalization exceeding 19.9 billion yuan [5].

Core Viewpoint - Luoyang Xinqianglian Slewing Bearing Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, indicating strong performance in the bearing manufacturing industry, particularly in wind power and construction machinery sectors [2][3]. Company Overview and Financial Indicators - The company operates in the general equipment manufacturing industry, specifically in the production of bearings, gears, and transmission components [3]. - The stock code is 300850, and it is listed on the Shenzhen Stock Exchange [2]. - The company reported a revenue of approximately 2.21 billion yuan for the first half of 2025, a 108.98% increase compared to the same period in 2024 [2]. - The net profit attributable to shareholders reached approximately 335.16 million yuan, marking a 2,200.56% increase year-on-year [2]. - The total assets at the end of the reporting period were approximately 11.21 billion yuan, a 12.07% increase from the previous year [2]. Industry Development - The bearing manufacturing industry in China is large but still lags in high-end, large-scale, and high-value-added products compared to global leaders [3]. - The wind power bearing sector has seen significant changes, with domestic companies narrowing the gap with international firms due to policy support and market demand [3]. - The domestic market for shield tunneling machine bearings is growing, driven by increased infrastructure investment and technological advancements [3][8]. Main Business and Products - The company’s main products include wind power main shaft bearings, yaw bearings, pitch bearings, and various types of bearings for construction machinery and marine equipment [3][6]. - The company has established a strong market position in the wind power and marine equipment sectors, with products meeting international standards [6][8]. Competitive Advantages - The company has a stable and high-quality customer base, including major manufacturers in the wind power and construction machinery sectors, ensuring a steady flow of orders [10]. - Continuous investment in research and development has led to technological breakthroughs, enhancing product competitiveness and market share [9][13]. - The company has a robust supply chain and production model, allowing for efficient procurement and production processes [5][9]. Financial Performance Analysis - The company’s operating costs increased to approximately 1.58 billion yuan, reflecting a 75.70% rise due to higher sales volume [16]. - Research and development expenses rose by 79.57% to approximately 112.05 million yuan, indicating a commitment to innovation [16]. - The company’s gross profit margin improved, driven by increased sales of high-value products [16].