证券日报网讯豪迈科技9月22日在互动平台回答投资者提问时表示，公司高端铸造6.5万吨建设项目正在 陆续投入使用，主要以风电零部件为主，兼顾机床部件和燃气轮机部件，其中机床部件以自用为主。公 司新备案7万吨铸件产能的详细建设及投产规划、用于何种产品类别，要综合市场情况、订单变化、行 业发展等而定。 （文章来源：证券日报） ...

Group 1 - The core point of the article is that Zhenjiang Co., Ltd. (603507.SH) has reported that all gas turbine component products it undertakes are currently exported overseas, achieving annual sales in the tens of millions [1] Group 2 - The company has successfully established a significant export market for its gas turbine components, indicating strong international demand [1] - The annual sales figure is described as being in the range of tens of millions, highlighting the scale of the company's operations in this sector [1]

Core Viewpoint - Jiangyin Hengrun Heavy Industries Co., Ltd. reported significant growth in revenue and profitability for the first half of 2025, driven by the recovery in the wind power sector and increased contributions from its computing power business [2][3]. Company Overview and Financial Highlights - The company achieved operating revenue of approximately 2.07 billion yuan, a year-on-year increase of 223.44% [2][3]. - The total profit reached approximately 49 million yuan, compared to a loss of about 35.88 million yuan in the same period last year [2][3]. - The net profit attributable to shareholders was approximately 40.17 million yuan, reversing a loss of about 31.96 million yuan from the previous year [2][3]. - The company's total assets increased by 21.92% to approximately 5.61 billion yuan compared to the end of the previous year [2][3]. Business Performance - The wind power segment saw a recovery in orders and sales gross profit, contributing significantly to the revenue growth [3][4]. - The company has focused on high-value-added product development, with new products such as large wind power flanges and bearings entering the market [3][4]. - The subsidiary Shanghai Runliuchir has resumed operations and is expanding its market presence, contributing positively to overall performance [3][4]. Industry Context - The forging industry in China is experiencing rapid growth due to government policies and market demand, with the company positioned as a leader in the production of large ring forgings for the wind power sector [3][4]. - The wind power industry is expected to continue growing, with global installed capacity projected to reach 138 GW in 2025, indicating strong demand for related components [3][4]. - The computing power sector is also expanding rapidly, driven by advancements in artificial intelligence and big data, with the company aligning its strategy to capitalize on this trend [7][8]. Competitive Advantages - The company has established itself as a key supplier in the forging and bearing industries, with strong relationships with major international and domestic manufacturers [3][4]. - It has a comprehensive production capability, including advanced forging and precision machining technologies, allowing it to meet high-quality standards [10][12]. - The company emphasizes research and development, collaborating with universities to enhance its technological capabilities and maintain a competitive edge [16].

Core Viewpoint - The shareholding of Cheng Lixin in Hengrun Co., Ltd. has decreased due to judicial auction, raising concerns about the company's financial health and ongoing shareholder sell-offs [1][2][5] Shareholding Changes - Cheng Lixin, the founder and former actual controller of Hengrun, has seen his shareholding drop to 14.10% after a judicial auction of 2.90% of his shares [1][4] - Since 2021, Cheng has transferred shares twice, cashing out approximately 9.52 billion yuan, with potential total cashing out reaching 11.34 billion yuan if the latest transaction is completed [1][4] - Other shareholders, including Jiarun International and Zhituo Group, have also been reducing their stakes, with total cashing out exceeding 20 billion yuan since Hengrun's IPO in 2017 [2][6] Financial Performance - Hengrun's financial performance has deteriorated since its change of control in 2021, with revenue and net profit declining for four consecutive years [6][7] - The company reported revenues of 22.93 billion yuan in 2021, dropping to 17.26 billion yuan in 2024, representing a decline of 6.64% year-on-year [7][8] - Net profit has also plummeted, with a loss of 1.38 billion yuan in 2024, marking a significant increase in losses compared to previous years [7][8] Operational Challenges - The company faces intense competition in the wind power industry, leading to declining sales prices and reduced gross margins [8] - Increased depreciation costs from new projects and rising financial expenses due to growing short-term borrowings, which reached 7.75 billion yuan by the end of 2024, have further pressured the company's finances [9][8]