Core Insights - The company has launched a digital manufacturing project for offshore wind power core components in Dongying, which began production in the second half of 2023 and is currently in the capacity ramp-up phase [2] - The project is designed to meet the demand for offshore wind power and has the production capacity for large offshore wind castings up to 30MW [2] - The company leverages its long-standing expertise in wind power main shafts, quality, and customer advantages, combined with advanced equipment, to establish a unique competitive edge in offshore wind shaft products [2] - The company has developed overseas orders in the casting field, including clients such as Siemens Gamesa [2]

Core Viewpoint - Jinlei Co., Ltd. has commenced production of its digital manufacturing project for core components of offshore wind power in the second half of 2023, with significant capacity growth expected by 2025 [2] Group 1: Production and Capacity - The digital manufacturing project by Jinlei Heavy Industry is fully operational and is expected to achieve an effective capacity of approximately 80,000 to 100,000 tons by 2025, representing a growth of over 160% compared to 2024 [2] - The current release of production capacity is progressing in an orderly manner [2] Group 2: Material Costs and Financial Outlook - Raw material prices are currently lower than the levels seen in 2024, which is anticipated to positively impact the operating performance of Jinlei Heavy Industry in 2025 compared to 2024 [2]

Group 1 - The Bohai Zhonghai Offshore Wind Power A site project in Dongying has received approval, marking the first parity offshore wind power project in the province, indicating a shift towards cost-effective offshore wind development [1] - The Dongying Economic and Technological Development Zone and Shandong Energy Group have planned a total investment of 25.9 billion yuan for an offshore wind power equipment industrial park, aiming to create a manufacturing base with an annual output value exceeding 50 billion yuan once fully operational [1] - The industrial park will focus on manufacturing core components, wind turbines, towers, and blades, with a target to establish a comprehensive offshore wind power equipment industry cluster by the end of the year [1] Group 2 - The Dongying Economic and Technological Development Zone has seen significant progress in major offshore wind power projects, including a 6 billion yuan digital manufacturing project by Jinlei Co., and several other projects nearing construction [2] - The city has initiated 1,106 key projects, with 193 new projects started in the first quarter, aiming to attract over 70 billion yuan in investment and sign more than 300 domestic projects [2] - Dongying is actively promoting consumption and exports while enhancing the business environment, including a mechanism to address industrial enterprise difficulties and a special initiative to support small and medium enterprises through financial assistance [3]