Group 1: Wind Power Industry Development - In the first half of 2025, China's newly installed wind power capacity reached 51.39 million kW, a year-on-year increase of 98.9% [3] - By the end of June 2025, the cumulative installed wind power capacity in China was 573 million kW, representing a year-on-year growth of 22.7%, accounting for 15.7% of the total grid-installed capacity [3] - The cumulative wind power generation in the first half of 2025 was 588 billion kWh, up 15.6% year-on-year, with an average utilization hour of 1,087 hours and an average utilization rate of 93.2% [3] Group 2: Company Financial Performance - In the first half of 2025, the company achieved operating revenue of 28.537 billion yuan, with a comprehensive gross margin of 15.35% [4] - Revenue from the wind turbine and components sales segment was 21.852 billion yuan, accounting for 76.58% of total revenue, with a gross margin of 7.97% [4] - The wind farm development segment generated revenue of 3.172 billion yuan, representing 11.12% of total revenue, with a gross margin of 57.47% [4] - The wind power service segment's revenue was 2.896 billion yuan, making up 10.14% of total revenue, with a gross margin of 22.48% [4] Group 3: Energy Storage Business Development - In the first half of 2025, the company saw a 99% year-on-year increase in domestic energy storage orders [4] - The GoldBlock L200 and GoldBlock L700 energy storage products achieved significant breakthroughs in orders and shipments [4] - The company's energy storage system after-sales service received a five-star certification from NECAS and a seven-star certification from CTEAS, indicating industry-leading service levels [4] Group 4: Carbon Reduction Initiatives - The company has implemented over 50 energy-saving and carbon reduction measures, including new water plants, photovoltaic construction at wind farms, and precise aeration [4] - These measures are expected to reduce electricity consumption by approximately 6.55 million kWh annually and decrease carbon emissions by about 3,949 tons per year [4] Group 5: Wind Turbine Recycling Progress - The company has established a nationwide recycling network for wind turbines and initiated the development of the GWBD-A recyclable blade, which has over 97% recyclable material [4] - The blade has completed all functional tests and is ready for mass production, addressing the challenges of blade recycling [4]