Core Viewpoint - The article highlights the launch of the new Ultra series wind power products by Goldwind Technology, focusing on optimizing value throughout the entire lifecycle and transitioning from "power generation" to "value creation" solutions [1][4]. Group 1: Product Innovation - Goldwind Technology introduced the Ultra series, which includes upgraded models such as the GWH204-Ultra with capacities of 10.5MW to 11.1MW and the GWH266-14MW designed for offshore low wind speed markets [4]. - The GWH204-Ultra series improves power generation performance by 2% compared to traditional models, with a 3% increase in generation during high-value trading periods and over 5% improvement in power curve accuracy [4]. - The new models reduce blade manufacturing time by 10%, increase transportation pass rates by 50%, and lower tower weight and lifting costs by 10% and 20%, respectively, leading to a 7% reduction in long-term capital expenditure (CapEx) for customers [4]. Group 2: Market Adaptation - The Ultra series products are equipped with intelligent control systems that enhance project profitability by 2% to 2.5% through optimized generation during high and low electricity price periods [6]. - The integration of wind-solar-storage solutions supports the construction of new power systems, aligning with market-driven changes in the renewable energy sector [6]. Group 3: Longevity and Reliability - The design lifespan of the onshore models has been extended to 25 years, while offshore models now have a lifespan of 30 years, resulting in increased project revenue due to longer product life cycles [9]. - This lifespan extension equates to an increase in annual generation hours by 129 to 206 hours and a reduction in investment costs per kilowatt by 279 to 361 yuan [9]. Group 4: Industry Collaboration - Goldwind Technology, in collaboration with various industry partners, aims to promote innovative demonstration projects and explore the application of long-life technologies and lean operational models [14]. - The company emphasizes the need for the industry to form a new consensus and build alliances to transition from "equipment suppliers" to "asset operators" [14]. Group 5: Value-Based Competition - The introduction of LCOV (Levelized Cost of Value) as a new metric signifies a shift from traditional cost competition to value competition in the wind power sector [3][16]. - Goldwind Technology is committed to driving technological innovation and enhancing service dimensions to create high-value wind power products, moving away from price competition and parameter contests [16].

Core Viewpoint - Goldwind Technology (金风科技) has launched its new Ultra series wind power products, which are expected to enhance its market position and profitability in the coming years [1] Product Launch - Goldwind Technology officially introduced the new Ultra series wind power product matrix on October 21, which covers both onshore and offshore scenarios [1] - The GWH204-Ultra model shows a 2% improvement in power generation performance compared to the same power 242-meter rotor unit, while its power generation is on par with the same power 300-meter rotor unit [1] - The design lifespan of the onshore model has been extended to 25 years, and the offshore model to 30 years [1] Market Outlook - Nomura's report indicates that as a leading global wind turbine manufacturer, Goldwind Technology is expected to benefit from strong order reserves delivery in 2025-2026 [1] - The report highlights a gradual recovery in wind turbine prices and profit margins due to easing market competition and increased contributions from offshore wind and export sales [1] - The company is anticipated to see new growth drivers, including green methanol, contributing positively in the long term [1] - The expected compound annual growth rate (CAGR) for the company's earnings from 2024 to 2027 is projected to be 41% [1]

消息面上，10月21日，据金风科技公众号消息，金风科技正式推出新一代Ultra系列风电产品矩阵，新 一代Ultra系列产品覆盖海陆全场景，GWH204-Ultra系列机型较同功率242米叶轮机组发电性能提升 2%，发电量与同功率300米叶轮机组持平。新一代Ultra系列产品陆上机型设计寿命延长至25年，海上机 型延长至30年。 野村发布报告指，作为全球风电机组制造龙头，金风科技可受惠于2025至26年强劲的订单储备交付，以 及因市场竞争缓和、海上风电和出口销售贡献提升，所带动的风电机组价格及利润率逐步复苏。该行亦 预期金风科技新的增长动力，包括绿色甲醇等将长期作出贡献；料公司2024至27年盈利年均复合增长率 达41%。 智通财经APP获悉，金风科技(02208)逆市涨超4%，截至发稿，涨4.38%，报13.59港元，成交额1.36亿港 元。 ...