（一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 公司2025年度经营业绩出现亏损，预计2025年度归属于上市公司股东的净利润为人民币-89,000万元 至-109,000万元，扣除非经常性损益后归属于上市公司股东的净利润为人民币-93,000万元至-113,000万 元。 一、本期业绩预告情况 2、本次业绩预告未经会计师事务所审计，注册会计师亦未出具对公司本期业绩预告的专项说明。 二、上年同期业绩情况 2024年度，公司实现利润总额为-90,204.82万元，归属于上市公司股东的净利润为-78,478.54万元，扣除 非经常性损益后归属于上市公司股东的净利润为-81,120.21万元，每股收益为-0.59元/股。 三、2025年度公司净利润预计出现亏损的主要原因 根据目前经营管理层对公司经营情况的分析和公司财务部门自身专业判断，公司不存在影响本次业绩预 告内容准确性的重大不确定因素。 五、其他说明事项 1、经公司财务部 ...

2025年度归属于上市公司股东的净利润预计出现亏损，主要受以下因素的综合影响：1、海上风电市场 竞争加剧，公司2025年度海上风机产品销售价格同比有所下降，叠加海上风电项目建设进度延期，导致 海上风机销售订单交付放缓，未能按计划转化为销售收入，同时受年内市场装机高峰影响，部分零部件 价格上涨，供应链降本不及预期。以上因素综合作用，导致公司2025年度产品毛利率同比有所下降，营 业利润相应减少。2、此外，部分销售订单项目成本下降幅度不及销售价格下降幅度，仍存在亏损的情 况。根据《企业会计准则》的有关规定，经公司初步测算，已签订的部分风机销售订单的预估成本大于 未来可实现收入，公司对该部分差额计提亏损合同损失准备，进一步减少了营业利润。 格隆汇1月9日丨电气风电(688660.SH)公布，经公司财务部门初步测算，2025年度公司归属于上市公司 股东的净利润将出现亏损，预计归属于上市公司股东的净利润为人民币-89,000万元至-109,000万元，扣 除非经常性损益后归属于上市公司股东的净利润为人民币-93,000万元至-113,000万元。 ...

同日，首开股份（600376.SH）公告称，在转型发展过程中，2025年公司面临较大的经营压力和挑战。 截至2025年三季度末，首开股份归属于上市公司股东的净利润为-31.05亿元。根据首开股份初步测算， 公司2025年全年业绩将出现亏损情况，但公司本报告期内亏损规模较2024年同期收窄。 电气风电（688660.SH）则在公告中表示，预计归属于上市公司股东的净利润为-8.9亿元至-10.9亿元。 电气风电方面称，由于海上风电市场竞争加剧，公司2025年度海上风机产品销售价格同比有所下降，叠 加海上风电项目建设进度延期，导致海上风机销售订单交付放缓，未能按计划转化为销售收入。同时受 年内市场装机高峰影响，部分零部件价格上涨，供应链降本不及预期。以上因素综合作用，导致公司 2025年度产品毛利率同比有所下降，营业利润相应减少。此外，部分销售订单项目成本下降幅度不及销 售价格下降幅度，仍存在亏损的情况。经公司初步测算，已签订的部分风机销售订单的预估成本大于未 来可实现收入，公司对该部分差额计提亏损合同损失准备，进一步减少了营业利润。 （编辑：罗辑 审核：夏欣 校对：颜京宁） Wind数据显示，截至2026年1月8 ...

公告显示，公司2025年度海上风机产品销售价格同比有所下降，叠加海上风电项目建设进度延期，导致 海上风机销售订单交付放缓，未能按计划转化为销售收入，同时受年内市场装机高峰影响，部分零部件 价格上涨，供应链降本不及预期。以上因素综合作用，导致公司2025年度产品毛利率同比有所下降，营 业利润相应减少。 智通财经APP讯，电气风电(688660.SH)披露2025年年度业绩预亏公告，预计2025年度归属于上市公司 股东的净亏损8.9亿元至10.9亿元，扣除非经常性损益后归属于上市公司股东的净亏损9.3亿元至11.3亿 元。 ...

Economic Growth and Milestones - Wenzhou is expected to become a "trillion-yuan city" this year, with its economic total projected to exceed 1 trillion yuan, marking a significant milestone in its economic development [1] - Over the past five years, Wenzhou's economic total has consistently surpassed the thresholds of 800 billion and 900 billion yuan, with a ranking expected to rise to 28th among Chinese cities by 2024 [1] Industrial Transformation and Upgrading - Wenzhou is focusing on the integration of innovation and industrial chains, exemplified by companies like Zhejiang Yilian Electronics, which has seen its annual output value double for three consecutive years since pivoting to new energy and storage sectors [1][3] - The city is investing in both traditional industries and emerging sectors such as digital economy, new energy, new materials, intelligent equipment, and life health, aiming to enhance productivity and competitiveness [3] Emerging Industries and Technological Innovation - Wenzhou has developed two major industrial clusters in electrical and new energy sectors, each valued at 300 billion yuan, with the electrical industry recognized as a national advanced manufacturing cluster [3] - The establishment of the Wenzhou Bay New Area Emerging Industry Bureau aims to inject new energy into industrial upgrading and is part of a broader strategy to enhance regional competitiveness through new materials, new energy, and artificial intelligence [4] Artificial Intelligence and Data Security - The establishment of the first artificial intelligence bureau in Zhejiang Province in Wenzhou signifies the city's commitment to leveraging AI as a key driver for technological innovation and economic development [5] - Wenzhou has developed a comprehensive data security ecosystem, including the China (Wenzhou) Data Security Port, which supports AI model training and has positioned the city as a leader in data infrastructure [7] Infrastructure and Urban Development - The successful operation of the Hangzhou-Wenzhou high-speed railway and the expansion of local transportation networks have significantly improved business efficiency and collaboration between industries and talent [9] - Urbanization efforts, including the development of the "Five Cities and Three Parks" initiative, have increased the urbanization rate to 76%, enhancing the overall quality of life and attracting talent [11] Business Environment and Supportive Policies - Wenzhou has implemented innovative policies such as the "data land acquisition" mechanism, which has efficiently provided land resources to 857 enterprises, and various financial relief measures totaling over 150 billion yuan [12] - The city has nurtured a vibrant ecosystem with 1,450 provincial-level specialized and innovative enterprises and 197 national "little giant" enterprises, showcasing the effectiveness of its supportive business environment [12]

Group 1 - The Zhejiang Provincial People's Congress has passed the "Regulations on Promoting High-Quality Development of Marine Economy," which emphasizes the expansion of offshore wind power into deep waters and the support for clean energy sources such as nuclear, tidal, wave, and tidal energy [1] - Guosen Securities forecasts that the domestic offshore wind power market will see new installations increase to a range of 11-15 GW by 2026, representing a year-on-year growth of over 40% [1] - The total new offshore wind installations in China during the 14th Five-Year Plan period are expected to reach 70-100 GW, with national offshore wind turbine tenders projected to hit a historical high of 15-20 GW in 2026 [1] Group 2 - Ping An Securities highlights the global offshore wind power demand and suggests focusing on three investment themes: the favorable competitive landscape in the submarine cable segment, the recovery of profitability in the turbine segment, and the advancements in floating wind turbine technology [2] - The submarine cable segment is expected to benefit significantly from the rising demand in offshore wind power due to its favorable competition and performance elasticity [2] - The domestic offshore wind turbine manufacturers are anticipated to have advantages in large-scale production, cost, and delivery capabilities, which may lead to opportunities for overseas expansion as demand increases [2]

Investment Rating - The report maintains an investment rating of "Recommended" for the electric new and public utility sectors [2][5]. Core Insights - The 2025 China Photovoltaic Industry Annual Conference was held, focusing on high-quality development and innovation in the photovoltaic sector [4][25]. - The wind power sector is advancing with international projects, such as the BC-Wind offshore wind project in Poland, which has a planned capacity of 390MW [4][26]. - Significant progress has been made in solid-state battery technology, enhancing the performance and stability of lithium batteries [4][27]. - The share of non-fossil energy consumption in China is expected to exceed the target of 20% during the 14th Five-Year Plan period, with substantial investments in renewable energy projects [4][27]. Industry Summary Photovoltaic Sector - The photovoltaic industry is undergoing a transformation aimed at improving quality and efficiency, with a focus on technological innovation [4][25]. - The market is experiencing price adjustments in the supply chain, with recent increases in silicon material prices and expectations for further price stability [29][30]. - The average price for N-type battery cells has risen to 0.3 RMB per watt due to increased silver prices [32]. Wind Power Sector - The domestic wind power sector saw a significant increase in installed capacity, with 8.92GW added in October 2025, representing a year-on-year growth of 34% [40]. - The BC-Wind project in Poland marks a notable international expansion for companies like 大金重工, which is manufacturing foundational components for the project [26]. Lithium Battery Sector - Research teams from Tsinghua University have made advancements in solid-state lithium metal batteries, improving their performance under high current densities and low temperatures [4][27]. Public Utility Sector - The investment in energy projects is projected to reach 3.54 trillion RMB in 2025, reflecting an 11% year-on-year growth [27]. - The transition to green and low-carbon energy is accelerating, with expectations for renewable energy to constitute over 50% of total power generation capacity by 2030 [5][27]. Investment Recommendations - The report suggests focusing on leading companies in the photovoltaic sector such as 爱旭股份 and 隆基绿能, as well as key players in the wind power and lithium battery sectors [5][43].

央广网揭阳12月16日消息（记者 官文清 张顺鹏 徐钡儿）午后的南海碧波万顷。揭阳惠来离岸约26海里的海面， 神泉海上风电场百余台白色风机如挺拔的"追风者"，巨大的叶片随着海风匀速转动，与天际线相映成景，将看不 见的风能源源不断转化为清洁电能。 以"码头+园区"的协同模式，产业生态链在惠来临港产业园内闭环运作，正让风电装备出海效率实现倍增。 走进距离码头不远的风机装备制造基地，记者看到车间里火花四溅，巨型钢结构部件正逐步成型。"作为风机的 重要零部件，重达2000吨的导管架，以前我们一天最多装卸一台，现在有了龙门吊和嵌入式港池的通力协作，一 天能装三台，效率翻了三倍。"园区风机装备企业相关负责人黄燕群介绍。 如今，惠来1380万千瓦的海上风电开发容量，已占广东全省20.64%，成为龙头企业布局能源基地的"热门首选"。 "依托优质海洋风能资源优势，揭阳正不断加快沿岸和深水远岸布局，加速推进海上风电规模化开发建设。"据揭 阳市自然资源局相关负责人介绍，目前揭阳海上风电装机投产容量达90.85万千瓦，已跻身广东海上风电"第一梯 "这样一台11兆瓦风机，年发电量约3820万千瓦时，可满足约1.9万户家庭一年的用电需求 ...

"封关的核心优势就在于政策带来的成本红利，这一点我们感受越来越明显。"在集控中心的办公室里， 张新宇告诉记者，封关政策明确的"零关税"措施，正精准覆盖船舶维修、新能源设备维修等产业链关键 环节，"进口设备在海南做维修可享受免税，这种成本优势对吸引相关企业落地太关键了"。 免税优势还将降低核心零部件的进口成本。"封关后，核心零部件进口享受零关税，设备成本肯定会进 一步降低。"张新宇进一步向记者表示，国产化进程虽在推进，但封关政策将提前把一部分企业吸引到 海南。大唐现已牵头组建海南海上风电产业联盟，联合设备厂家打造洋浦海上风电产业园。"随着免税 政策的落地，会有更多风机主机、叶片、海缆等领域的企业来海南布局，形成'本地生产、本地装配、 本地运输'的闭环，彻底改变部分装备依赖外部调运的现状。" 在不久前举行的一场活动中，大唐海南能源开发有限公司与多家产业链上下游企业签署了海上风电实证 基地及产业落地协议。据张新宇介绍，一家船舶维修企业已正式签约落地，另一家风电设备维修企业也 达成合作意向。"这些企业看到了封关后的长期盈利空间，它们的落地会带动更多配套企业跟进，让产 业链生态越来越完善。" 【环球时报赴海南特派记者 ...

央广网温州12月10日消息（记者 李晓晓 项楠 见习记者 于东冉）东海之滨，浙江省温州市苍南县。海风裹挟着咸 湿的气息拂过海面，73台百米高的白色风机巍然矗立，它们有的整装待发、跃跃欲试，有的则挥舞着巨大的百米 长的巨臂将海风拥入怀中。 "在满发状态下，一台10兆瓦的风机转一圈，能发出23度电。如果连续转一分钟，能让一辆家用电动汽车行驶 1600公里。"苍南1号海上风电项目风机管理专业师李亚雄指着远处缓缓转动的叶轮介绍道。这片叶轮直径达210 米，扫过的面积相当于5个足球场。它的每一次旋转，都是将不羁的海风驯化为清洁电能的过程。 然而，向大海要能源，远非看上去那般从容。 海上作业，需要避开大风、涌浪过高等恶劣天气与海况。在苍南海域，这样的"窗口期"往往不足180天，海上作 业人员必须抓住每一个风平浪静的日子。 "风力过大，作业船就得回港避风，而涌浪过高也会给我们登陆平台带来危险。"望向无垠的大海，李亚雄感 叹，"安全是最需要注意的。" "这些电，可以满足60万户普通家庭一年的用电需求，相当于每年节约标准煤60万吨，减少大量二氧化碳排 放。"李亚雄为我们描绘了一幅更生动的图景，"这就像在茫茫大海上，我们亲手种下 ...