Tongyu Heavy(SZ:300185)2022-11-21 05:36Group 1: Company Overview and Product Offerings - Tongyu Heavy Industry has developed a comprehensive R&D and manufacturing platform for wind power products, including various types of forged, cast, and structural components [2][3] - The company provides modular products to wind turbine manufacturers, enhancing customer stickiness and reducing transportation costs [3][4] Group 2: Competitive Advantages - The company has established a complete manufacturing chain integrating smelting, casting, forging, welding, heat treatment, and machining, which enhances its competitive edge in the wind power spindle market [3][4] - Tongyu Heavy Industry's wind power spindle was recognized as a "Champion Product" by the Ministry of Industry and Information Technology in 2018 and re-evaluated in 2021 [3][4] Group 3: Future Business Layout - The company plans to enhance its wind power business by increasing spindle production capacity and accelerating new process R&D [4][5] - Two fundraising projects are planned, aiming to raise up to 1.5 billion CNY for energy-saving and large offshore wind power product capabilities [4][5] Group 4: Market Trends and Government Support - The wind power sector is supported by government policies, with 47.6 GW of new installed capacity in 2021, marking the second-highest annual installation since the 13th Five-Year Plan [5] - As of the end of 2021, China's cumulative wind power installed capacity reached 328.4 GW, with a significant focus on enhancing the scale of wind and photovoltaic power generation [5]