Summary of the Conference Call for 大金重工 (Dajin Heavy Industry) Company Overview - 大金重工 is a global diversified industrial group established in 2000, headquartered in Beijing, China. The company specializes in providing competitive, safe, and reliable products and solutions, primarily in the offshore and onshore wind power sectors, including a full range of towers, transition pieces, foundations, large piles, deep-sea jackets, floating foundations, and offshore substations. [3][3][3] - The company employs over 3,000 staff globally and has a customer and sales network across more than 30 countries and regions. It is recognized as the largest supplier of wind power towers and offshore wind foundation equipment in the world and is the first domestic company to export offshore wind equipment to Europe. [3][3][3] Financial Performance - For the fiscal year 2025, the company expects to achieve a net profit attributable to shareholders of between 1.05 billion to 1.2 billion, representing a year-on-year growth of 121.58% to 153.23%. The growth is attributed to three main factors: rapid increase in delivery volume and value from overseas offshore wind projects, higher added value from improved construction standards of exported offshore products, and enhanced project value through systematic services including construction, transportation, and localized installation. [29][29][29] Industry Insights - The company believes that the long-term outlook for offshore wind power in Europe remains strong despite past fluctuations in installation volumes. Factors such as the need for energy replacement and new electricity demand, combined with favorable natural resources, make offshore wind development a necessity in Europe. [30][30][31] - The recent AR7 auction in the UK, which auctioned 8.4 GW of offshore wind projects, exceeded market expectations and set historical highs for project scale and subsidy amounts. This has increased developer participation enthusiasm. [32][32][32] Market Expansion - The company is focusing on key markets including Germany, Japan, the Netherlands, and Poland. In Germany, significant project auctions are expected, and the company has a high market share in the offshore wind foundation sector. [34][34][34] - Japan has approved several offshore wind projects expected to be auctioned this year, presenting good entry opportunities for the company. [34][34][34] - The company has completed its layout in the Polish market and has local installation and inspection project experience. [35][35][35] Project and Service Development - The company anticipates progress in commercial floating offshore wind projects in multiple countries, including the UK, France, and South Korea. The high bid prices for floating projects in the UK AR7 auction create a solid foundation for future auctions. [36][36][36] - The company plans to gradually provide localized services to clients, enhancing its systematic service capabilities. [36][36][36] - The company expects to operate 2-3 self-owned vessels this year, each capable of transporting 15,000 to 20,000 tons of products, which will positively impact project revenue levels. [38][38][38] Operational Capacity - The company has established ports in Denmark and Germany to support local services for projects in the Baltic and North Sea regions, respectively, and is actively seeking new ports to cover additional European offshore project demands. [39][39][39] - The current production schedule for overseas projects is tight, with multiple new projects expected to be shipped this year. [40][40][40] Currency Impact - The company indicated that currency exchange rates have not significantly impacted overall performance. [42][42][42] This summary encapsulates the key points discussed during the conference call, highlighting the company's strategic focus, financial expectations, market insights, and operational developments.

Core Viewpoint - The global launch of the "Roll-on/Roll-off Multi-functional Transport Vessel" by Dajin Heavy Industry marks a significant breakthrough in the wind power logistics sector, supported by major industry certifications from DNV, ABS, and BV, which validate the vessel's design compliance with global safety and environmental standards [2] Group 1: Vessel Specifications and Innovations - The newly launched vessel is 188 meters long, 43 meters wide, and has a depth of 13.5 meters, with a summer draft of 7.5 meters and a deadweight capacity of 24,000 tons [2] - The vessel features a "Roll-on/Roll-off" dual-mode design, equipped with two 800-ton cranes, allowing for a maximum lifting capacity of 1,600 tons, facilitating one-stop lifting of key wind power equipment [3] - The vessel's effective cargo area measures 163×43 square meters, with a deck strength of 25 tons per square meter and a 20,000 cubic meter cargo hold that can flexibly accommodate various sizes and shapes of wind power equipment [2][3] Group 2: Strategic Development and Future Plans - Dajin Heavy Industry is building a global logistics system to support its international strategy, with plans to construct specialized transport vessels for offshore wind power equipment, including a design of 240 meters in length and a deadweight capacity exceeding 50,000 tons [4] - The company has initiated the construction of 2 to 4 deck barges, with the first two transport vessels expected to be delivered by 2025, aiming to establish a fleet of 10 to 20 large deck transport vessels in the future [4] - Dajin Heavy Industry, founded in 2000 and listed on the Shenzhen Stock Exchange in 2010, has become a leader in the global wind power equipment manufacturing industry, focusing on a wide range of products including offshore and onshore wind power towers and related components [3]