SEWPG(SH:688660)2023-11-30 08:40Group 1: Financial Performance - The company's net profit for the first three quarters of 2023 declined due to a significant drop in gross profit margin compared to the same period last year, alongside a decrease in operating revenue [2] - The gross profit margin for the main business in the first three quarters of 2023 was 9.89% [2] - Increased financial expenses were attributed to higher interest expenses from existing debts and increased foreign exchange losses due to currency fluctuations [2] Group 2: Product and Market Strategy - The company primarily delivered onshore wind turbine models in the 4.X to 7.X series and offshore wind turbine models in the 8.5MW and 11MW series during the first three quarters of 2023 [2] - The company has established a strategic presence in key offshore wind markets, including Shandong, Guangdong, Jiangsu, Zhejiang, and Hainan, while also expanding into Hebei, Guangxi, and Liaoning [2] Group 3: Technology and Innovation - The company employs three main technology routes: doubly-fed, direct-drive, and semi-direct-drive, with semi-direct-drive being the mainstream technology for offshore wind turbines [3] - For onshore wind turbines, the company has fully transitioned to the doubly-fed technology route, which is expected to offer cost advantages as reliability improves [3] Group 4: Stock Price Stability Measures - The company has implemented measures to stabilize its stock price, including stock buybacks and share purchases by major shareholders and executives [3] - The plan for executives to increase their shareholdings has been initiated, reflecting confidence in the company's long-term investment value [3]