运达股份(300772) - 运达股份调研活动信息

Group 1: Company Position and Market Concerns - The company has maintained a strong position among central enterprises, with no risk of being blacklisted [1] - New orders from central and state-owned enterprises have exceeded the total new orders from the previous year, with a total of 11.3 GW of new orders in the first three quarters of 2021, representing an increase of over 80% compared to the entire year of 2020 [1] Group 2: Order Growth Factors - The significant increase in orders is attributed to the company's superior product performance, excellent customer service, and enhanced brand recognition, particularly among private enterprises [2] - The company does not face any critical component shortages, with most prices for components determined in the first quarter following annual bidding [2] Group 3: Financial Performance - The company's gross margin has improved compared to the previous year, despite accounting adjustments that included transportation costs in the main business expenses [2] - The improvement in gross margin is driven by the company's industry position, technological innovation, and enhanced bargaining power within the supply chain [2] Group 4: Offshore Wind Power Development - The company is prioritizing offshore wind power, having launched the "HaiFeng" series platform with a 9 MW capacity, which has received authoritative certification and is expected to achieve mass delivery capabilities by 2022 [3] - The offshore wind power market in China is entering a parity era, prompting the company to introduce new turbine models designed for various wind conditions [3] Group 5: International Market Expansion - The company has secured offshore projects in Vietnam, Serbia, and Kazakhstan, with ongoing negotiations for additional projects [3] - China's onshore wind power technology and supply chain capabilities are at a world-class level, enhancing the company's international competitiveness [3]