MYSE(601615)2023-12-01 10:36Group 1: Company Performance and Financials - The company plans to install 16.6 MW offshore floating wind turbines at its 500 MW Qingzhou Yangjiang wind farm, with no updates provided yet [4] - The profit margins for offshore wind power and onshore wind power in Q3 were requested but not disclosed [4] - The company aims to sell 2 GW of wind farms this year, but no sales have been reported as of Q3 [5] - The company reported a significant drop in profit margins, with onshore wind power experiencing losses in Q3 [10] - The company has set a profit growth target of 30% for 2023, which is under scrutiny due to current performance [8] Group 2: Investor Relations and Communication - The management emphasized that they are committed to transparent communication with investors and will adhere to legal disclosure obligations [18] - There are concerns regarding the slow implementation of stock buybacks and personal share purchases by executives, which have not met investor expectations [7] - The company is actively working on a strategy to stabilize stock prices and boost investor confidence through various measures, including a focus on clean energy solutions [8] Group 3: Market Conditions and Industry Challenges - The company acknowledged that the decline in bidding prices for wind turbines is related to industry competition and market cycles [9] - The company is facing challenges with cash flow, primarily due to the end of the industry's rush for installations and increased material procurement costs [11] - The company anticipates steady growth in wind power installations over the next two years, with an increase in offshore wind market bidding [20]