Group 1 - The first batch of large offshore engineering heavy items from Jiangsu Tianeng Marine Heavy Industry Co., Ltd. has been exported to the Middle East, contributing to the "Belt and Road" initiative [1] - The project involves a 73-meter long, 3-meter diameter, and 350-ton oil and gas pipe pile, showcasing high standards in non-destructive testing and welding quality with a qualification rate of over 99.9% [1] - The company utilizes advanced automated welding equipment and plate rolling machines to meet high precision requirements for the products [1] Group 2 - The second phase expansion project of Jiangsu Tianeng Marine Heavy Industry was completed in June, with a total investment exceeding 1 billion yuan, focusing on manufacturing technology for 15-meter diameter single piles and super-large guide frames [2] - The annual output value after production is expected to exceed 2 billion yuan, providing strong capacity support for the company's expansion into overseas markets [2] - The Qatar oil and gas pipe pile project consists of seven phases over approximately ten years, with future products including wind towers, single pile structures, and guide frame structures to be shipped globally [2]

Group 1 - The core viewpoint of the news is that TianNeng Heavy Industry has secured several significant projects and is expanding its overseas business, particularly in the Asia-Pacific market [1] - TianNeng Heavy Industry has won bids for projects such as the Guangxi Yangjiang Fan Stone Project and parts of the Jiangsu Rudong Intertidal Zone Project [1] - The company is focusing on exporting wind power equipment, including towers and jackets, and is also involved in oil and gas pile products [1] Group 2 - The processing fee trend is on the rise this year, driven by enhanced R&D capabilities and product structure optimization [1] - High-value new products have significantly higher processing fees compared to traditional categories, indicating a shift towards more profitable offerings [1] - The delivery of overseas orders is expected to increase in the third and fourth quarters, with new orders signed this year [1]

Group 1: Investor Relations Activity - The investor relations activity was a targeted research event held online on May 23, 2025 [2][3] - Participants included representatives from various asset management firms and securities companies [2] Group 2: Company Projects and Business Operations - The company has secured contracts for marine engineering projects, including the Guanghe Yangjiang Fan Stone project and sections of the Jiangsu Rudong intertidal zone project [3] - The overseas business primarily focuses on exporting wind power equipment such as tower tubes and conductor frames, with a significant presence in the Asia-Pacific market [3] Group 3: Financial Trends and Projections - The processing fees are expected to rise due to an overall upward trend in bidding prices and enhanced R&D capabilities leading to higher-value products [3] - The first quarter's deliveries were primarily from orders signed last year, which had lower profit margins, while new orders are anticipated to be delivered in Q3 and Q4 of this year [3] Group 4: Disclosure Compliance - The activity did not involve any undisclosed significant information [3]

Group 1: Project and Capacity Expansion - The Jiangsu Phase II factory is expected to be completed by the end of May 2025, increasing annual production capacity by 80,000 tons, focusing on offshore products such as large monopiles, towers, and suction buckets [2] - The company maintains a flexible investment strategy, focusing on high-quality targets that align with its strategic positioning, supported by a robust financial framework [2] Group 2: Financial Performance and Market Outlook - In 2024, the company anticipates improved profits from offshore products, following a low delivery volume of approximately 100,000 tons last year, which was impacted by high fixed costs [3] - The wind power industry is expected to thrive in 2025, with significant projects commencing in coastal provinces like Guangdong and Jiangsu, creating favorable market conditions [3] Group 3: Renewable Energy Development - The company's renewable energy generation capacity currently stands at 681.3 MW, including 118 MW of solar power and 563.3 MW of wind power, with an additional 90 MW under construction [3] - The goal is to achieve full capacity grid connection by 2025, with 80% of power plants currently managed autonomously, aiming for 100% self-operation coverage [3] Group 4: Strategic Initiatives - The company plans to deepen its strategic layout in renewable energy, focusing on "rolling development" and optimizing investment strategies based on market trends and policy guidance [4] - There is an emphasis on exploring differentiated business models in areas such as energy storage, green electricity trading, and integrated energy solutions, aiming to enhance the contribution of this sector to overall revenue [4]