新华财经北京10月13日电（记者丁雅雯、吴慧珺）面对全球贸易格局的深刻变革与复杂严峻的外部环境，中国货物贸易展现出强劲韧性，不仅实现量的平 稳增长，更在结构上呈现出"向新向优"的升级趋势。与此同时，我国企业正加速从"产品出海"向"品牌出海"跨越，勾勒出中国外贸高质量发展的新图景。 外贸运行稳中有进 产业升级注入新动能 海关总署的数据显示，今年前三季度，我国货物贸易进出口总值33.61万亿元，同比增长4%，增速较前8月加快0.5个百分点。其中，出口19.95万亿元，同 比增长7.1%，连续8个季度保持增长；进口13.66万亿元，同比下降0.2%。 9月当月，进出口4.04万亿元，同比增长8%，比上月加快4.5个百分点，为今年以来月度最高增速。其中，出口增速达到8.4%，进口增速达到7.5%。 "今年以来，在复杂的外部环境下，我国货物贸易顶住了压力，实现了平稳增长，展现出较强的韧性，概括起来可以说有底气、有朝气、有锐气。"海关总 署副署长王军说。 东方金诚研究发展部执行总监冯琳认为，9月出口增速大幅上行，除去年同期低基数效应外，全球人工智能投资高涨带动相关产品出口是一个重要原因。 数据显示，9月我国集成电路出口同 ...

证券日报网讯大金重工9月22日在互动平台回答投资者提问时表示，公司主要生产和销售海上风电单 桩、过渡段、导管架、浮式基础以及塔筒等海工装备产品。 （文章来源：证券日报） ...

Market Overview - The Shanghai Composite Index decreased by 1.86% during the week of September 8-12, while the ChiNext Index increased by 2.16% [2] - The carbon neutrality sector rose by 2.25%, the public utilities sector increased by 0.75%, the environmental protection sector grew by 1.31%, and the coal sector fell by 0.11% [2][3] New Energy Pricing Results - On September 11, the State Grid Shandong Electric Power Company announced the results of the new energy mechanism electricity price bidding for the year, attracting over 3,000 new energy projects, with 1,200 projects selected [3] - The total scale of the selected mechanism electricity was 9.467 billion kWh, including 5.967 billion kWh from wind power and 1.248 billion kWh from solar power [3] - The execution period for deep-sea wind power is set at 15 years, while other projects will have a 10-year execution period [3] Bidding Price Analysis - The bidding price for wind power was 0.319 yuan/kWh, which is 0.031 yuan/kWh or 8.9% lower than the bidding ceiling of 0.35 yuan/kWh [3] - The bidding price for solar power was 0.225 yuan/kWh, which is 0.125 yuan/kWh or 35.7% lower than the bidding ceiling [3] - The significant discount for solar power is attributed to its lower share of the mechanism electricity allocation at 13.2%, leading to intense competition among projects [3] Industry News - On September 12, the National Development and Reform Commission and the National Energy Administration issued guidelines for the construction of continuous operation regional electricity spot markets, supporting the exploration of market mechanisms for new energy [4] - A new action plan for large-scale construction of new energy storage was released, aiming for a national installed capacity of over 180 million kW by 2027, with direct investments of approximately 250 billion yuan [4] - A subsidiary of Daikin Heavy Industries signed its first specific contract under a long-term locked production agreement for an overseas offshore wind power project, with a total contract value of approximately 1.25 billion yuan [4] Investment Recommendations - For the thermal power sector, it is recommended to focus on companies with power generation assets in regions with tight supply and favorable competition, such as Sheneng Co. and Huadian International [5] - In the hydropower sector, attention is drawn to leading operators like Yangtze Power [5] - In the new energy generation sector, it is suggested to focus on leading companies like Longyuan Power [5] - For nuclear power, it is recommended to pay attention to leading enterprises like China National Nuclear Power, especially in the context of increasing market-oriented electricity pricing [5]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, setting a target price of 40.85 RMB based on a 20x PE for 2026 [4]. Core Views - The company is expected to benefit significantly from the recovery of European offshore wind demand, with a projected doubling of order volume in 2025 compared to the previous year, driven by upcoming project deadlines and favorable market conditions [2][3]. - The company has achieved a market share of approximately 20% in the European monopile market, second only to local leader Sif, and is anticipated to continue increasing its market share due to capacity expansion and green manufacturing initiatives [3][42]. - The company’s revenue and profit forecasts for 2025-2027 indicate substantial growth, with revenues expected to reach 58 billion RMB in 2025, 73 billion RMB in 2026, and 95 billion RMB in 2027, alongside net profits of 960 million RMB, 1.3 billion RMB, and 1.83 billion RMB respectively [4][7]. Summary by Sections European Offshore Wind Market Outlook - The European offshore wind market is experiencing a recovery in project profitability due to declining interest rates and favorable policy adjustments, with a projected installation capacity of approximately 52 GW from 2025 to 2030 [2][13]. - The report estimates that the company could secure between 290,000 to 440,000 tons of monopile orders in 2025 under various market share scenarios [3][64]. Company’s Competitive Position - The company is the only domestic firm to have delivered multiple monopile projects in Europe, achieving a market share of around 20% from 2022 to 2024 [42][46]. - The company’s new production capacity at the Tangshan Caofeidian base is expected to reach 800,000 tons per year, enhancing its ability to meet the large-scale demands of European projects [3][50]. Profitability and Revenue Growth - The company’s revenue is projected to grow significantly, with a forecasted increase of 54% in 2025, followed by 26% and 29% in the subsequent years [4][7]. - The overseas revenue contribution is expected to rise, with a notable increase in profit margins from high-value offshore wind orders [65][70]. Additional Business Developments - The company is actively developing its own marine transport vessels to enhance service value and efficiency in delivering offshore wind products [78]. - The company has secured several renewable energy project indicators, with ongoing projects expected to contribute additional revenue starting in 2025 [80].