JIN LEI(SZ:300443)2025-05-15 10:24Group 1: Production Capacity and Utilization - The company has a casting capacity of 150,000 tons, but can currently release 80,000 to 100,000 tons due to various factors affecting production [1] - The effective casting capacity is expected to double this year, achieving 80,000 to 100,000 tons compared to 30,000 to 40,000 tons in 2024 [2] - The production release rate for new projects is approximately 50%-60% in the first year and 70%-80% in the second year [2] Group 2: Market Trends and Demand - The global offshore wind power installed capacity is projected to grow from 8 GW in 2024 to 16 GW in 2025, representing a 100% increase [1] - The company is diversifying its product offerings in the wind power sector, including both forged and cast components [3] - The market for casting products is expected to stabilize due to a self-regulatory agreement among wind power companies to reduce price competition [3] Group 3: Financial Performance and Orders - The company’s overseas orders have remained stable compared to last year, with an increase in offshore casting orders [4] - The company has invested in a subsidiary for bearing production, with expected product output by the end of 2025 [4] - The company’s market share in the casting spindle sector is increasing due to the rapid development of offshore wind power [5]