JIN LEI(SZ:300443)2023-03-09 11:24Group 1: Production Capacity - The forging capacity for 2023 is approximately 180,000 tons, with a maximum of 200,000 tons expected in 2024 and beyond [2] - The casting capacity is projected to be around 70,000 to 80,000 tons in 2023, increasing to 120,000 to 150,000 tons in 2024, and reaching 250,000 to 260,000 tons by 2025 [3] Group 2: Market Position and Advantages - The company has over ten years of experience in the wind power industry, establishing long-term partnerships with leading manufacturers [3] - In 2022, the company received casting product certifications from multiple clients, including Shanghai Electric and Siemens Gamesa, and achieved bulk shipments [3] Group 3: Financial Performance and Challenges - The rise in raw material prices from 2021 to Q1 2022 led to a decline in gross margin, although there was a near 10% increase in revenue for the year [4] - The company aims to maintain stable pricing despite potential slight increases due to supply-demand imbalances in the market [3][4] Group 4: Future Development Plans - The company plans to expand production capacity and market reach, focusing on large megawatt forging spindle products and increasing market share [4] - There is an emphasis on developing casting products and exploring new markets within the wind power sector [4]