TSP(SZ:300129)2022-12-05 01:44Group 1: Revenue Growth and Market Strategy - The significant growth in offshore wind power and export product revenue is attributed to proactive adjustments in product and market structure, capturing the offshore wind market and expanding overseas markets [2] - Offshore wind revenue and export revenue have increased their share of overall revenue, a trend expected to continue [2] - Despite a downturn in domestic onshore wind power, the company has managed to achieve revenue growth due to effective product and market structure adjustments [2] Group 2: Market Conditions and Clientele - The offshore wind market is experiencing rapid growth, with new installations expected to double compared to last year, supporting the company's development [2] - Major clients in the offshore wind sector include general assembly units such as China Communications Construction Company and Huadian Heavy Industries [2] - The company actively maintains relationships with existing overseas clients while developing new clients in Europe and Japan, ensuring a diverse customer base [2] Group 3: Production Capacity and Cost Factors - The production capacity for onshore wind tower bases is approximately 400 sets in Shanghai and 200 sets in other standard factories, with the ability to quickly expand capacity if necessary [5] - The cost of offshore wind foundations can be 5-10 times higher than onshore wind due to complexity and various influencing factors [2] - Fluctuations in raw material prices can significantly impact the company's gross margin, with stable prices allowing for reasonable profit margins [3] Group 4: Order Fulfillment and Project Management - Most onshore wind orders are expected to be fulfilled within the year, although logistical challenges may cause delays [4] - The company has a robust order execution cycle, with a focus on maintaining project timelines despite potential transportation and installation issues [4]