习近平总书记在参加十四届全国人大一次会议江苏代表团审议时强调，要始终坚持质量第一、效益优 先，大力增强质量意识，视质量为生命，以高质量为追求。省委省政府坚持把发展经济的着力点放在实 体经济上，坚定不移推动质量强省建设。 质量高度决定发展维度。江苏肩负着经济大省挑大梁的重大责任，必须在质量强省建设中走在前、做示 范。近年来，我省深入贯彻落实《质量强国建设纲要》，在质量提升、品牌培育、质量融资增信、质量 基础设施建设等领域取得显著成效，连续三年在国家质量工作考核中获得A等次。今年9月，第六届中 国质量大会将在南京举行，作为我国质量领域规格最高、规模最大、影响最广的国际性盛会，大会的举 办备受瞩目。以此次大会筹备为契机，我省今年加快推进"品质江苏"建设，助力培育发展新质生产力、 扩大内需、提振消费，以更高水平的发展成果迎接盛会。站在新的起点，江苏正奋力将深厚的质量优势 转化为强劲的发展动能，为经济大省勇挑大梁构筑坚实的质量基座。 以"链主企业"带"一链一片" 点线面齐发力 【现场直击】 走进南瑞继保的智能制造车间，一排排先进的机械臂在智能控制系统的精确指挥下，井然有序地运作 着。在这里，平均每分钟就能完成1台继电保 ...

Investment Rating - The report maintains a "Recommended" investment rating for the wind power and grid equipment industry [2]. Core Insights - The wind power sector has shown significant improvement in profitability, driven by strong demand for onshore wind installations and enhanced supply chain performance. The industry is expected to continue its positive trend into the second half of 2025, with domestic onshore wind installations projected to reach 100 GW and state grid investments anticipated to exceed 650 billion yuan [9]. - The grid equipment sector is experiencing sustained growth, supported by domestic grid investments and increasing demand from data centers and international markets. The overall performance of the grid equipment industry remains robust, with positive growth across all segments [9]. Summary by Sections Wind Power - The wind power equipment industry achieved a revenue of 192 billion yuan in 2024, a year-on-year increase of 4.37%, but the net profit decreased by 21.03% to 5.8 billion yuan. In Q1 2025, revenue was 37.2 billion yuan, down 0.79% year-on-year, while net profit rose by 18.74% to 1.2 billion yuan [8][28]. - The analysis of 32 representative companies revealed that the bearing, casting, and forging segments saw substantial profit increases in Q1 2025, with net profit growth rates of 381.85%, 120.39%, and 52.77% respectively. This was attributed to increased demand, price hikes, and product structure optimization [40]. - The turbine and submarine cable segments experienced revenue growth but a decline in net profit, with net profit changes of -27.69% and -1.45% respectively. The tower and pile segment saw revenue and net profit improvements, with major players like Dajin Heavy Industry leading in overseas orders [8][49]. Grid Equipment - The grid equipment industry reported a revenue of 785.2 billion yuan in 2024, a year-on-year increase of 8.21%, while net profit fell by 11.37% to 36.7 billion yuan. In Q1 2025, revenue was 169.8 billion yuan, up 6.58%, and net profit increased by 8.33% to 9.3 billion yuan [9][35]. - All segments within the grid equipment sector showed positive growth, with transformers and combination electrical devices experiencing high growth rates. The transformer segment's net profit growth exceeded 30% for several companies, driven by increased orders from data centers [61][65]. - The report highlights that the grid equipment sector is benefiting from both domestic and international demand, with companies optimizing their production capacities globally to capitalize on the rising trend in grid investments [9][61].