TNP(SZ:300569)2025-09-10 07:50Group 1: Financial Performance - In the first half of the year, the company achieved operating revenue of RMB 145,813.54 million, a year-on-year increase of 25.15% [3] - The net profit attributable to shareholders was RMB 6,924.26 million, reflecting a year-on-year growth of 6.43% [3] - The total shipment volume reached approximately 210,000 tons, with significant contributions from sea towers, single piles, and offshore photovoltaic supports, totaling over 70,000 tons [3] Group 2: Order Status - As of June 30, the company had a backlog of orders amounting to over 700,000 tons, including approximately 90,000 tons in overseas orders [3] - The impact of low-price orders from the previous year's "price war" is expected to diminish, allowing for a gradual increase in gross margins for wind towers in the second half of the year [3] Group 3: Market Conditions - The overall growth pace of electricity demand has slowed, contrasting with the rapid expansion of wind power installed capacity, leading to increased curtailment rates in regions with lagging consumption capacity [4] - The ongoing deepening of electricity market reforms has resulted in a temporary decline in electricity prices [4] Group 4: Strategic Initiatives - The company is implementing strict selection criteria for investment reserve projects and actively exploring new business layouts such as energy storage and green certificate trading [4] - There is a focus on building an autonomous operation and maintenance team to enhance core competitiveness [4]