Windey(SZ:300772)2025-12-02 08:48Group 1: Order and Market Performance - In the first nine months of 2025, the company secured new orders totaling 18,131.12 MW, bringing the cumulative orders to 46,868.05 MW by the end of September 2025 [2] - The order breakdown includes 993.70 MW for wind turbines between 2 MW and 4 MW, 8,366.02 MW for turbines between 4 MW and 6 MW, and 37,508.33 MW for turbines of 6 MW and above [2] Group 2: Pricing and Competitive Landscape - The increase in wind turbine bidding prices this year is attributed to several factors, including the signing of a self-regulatory agreement by 12 domestic manufacturers to combat unfair competition and the emphasis on quality and reliability by project owners [3] - The company anticipates a slight recovery in bidding prices due to these industry-wide changes [3] Group 3: Cost Reduction and Profitability Improvement - The company aims to enhance profitability through various measures, including improving R&D capabilities, optimizing product performance, and developing competitive new products [3] - Key strategies include optimizing critical parameters of wind turbine products and enhancing the self-research of core components to improve gross margins [3] Group 4: International Business Expansion - The company has seen over 100% year-on-year growth in overseas bidding capacity in 2024, marking a continuous doubling growth for two consecutive years [4] - The company is focusing on expanding its global strategy and increasing the scale of overseas orders, particularly in the Middle East and North Africa [4] Group 5: Offshore Wind Power Development - The company is actively developing offshore wind power projects in coastal provinces, aiming to achieve industry leadership and establish a strong brand advantage [4] - Investments have been made in offshore wind power assembly bases in Dalian and Wenzhou, with plans for several near and far sea projects in Zhejiang province [4]