Soochow Securities: The demand for onshore and offshore wind installations will resonate in 2025, bullish on the growth potential of offshore wind.
In 2025, offshore wind power installation will experience rapid growth, showing long-term growth potential; onshore wind power installation will benefit from improved demand, and the wind turbine sector will gain from stable prices and cost optimization to achieve a profit reversal. The casting sector and others have the basis for price increases and enjoy significant profit elasticity.
ubs group: Maintains a "buy" rating for goldwind science& technology, with the target price raised to 9.5 Hong Kong dollars.
UBS Group released a research report stating an optimistic outlook for China's turbine original equipment manufacturers. Their analysis shows that considering various factors, including supply and demand dynamics, returns on wind power projects, and geopolitical risks, the Middle East and Africa as well as the ASEAN region are the most favorable markets for China's turbine manufacturers. The preference for turbine manufacturers is ranked as follows: Goldwind Science & Technology (02208), Ming Yang Smart Energy (601615.SH), and SANY Heavy Energy (688349.SH). The target price for Goldwind Science & Technology is raised from 6 HKD to 9.5 HKD, maintaining a 'buy' rating. The bank explained.
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Huachuang Securities: The tender volume for wind turbines in Q1-3 increased significantly year-on-year. Q3 saw a surge in submarine cable and complete machine delivery, leading to profit improvement.
The wind power prosperity continues to rebound, with an additional wind power installed capacity of 39.1GW in 2024 Q1-3, a year-on-year increase of +16.8%, of which offshore/onshore increased by 2.5/36.7GW respectively, with year-on-year growth of +72.7%/+14.4%.
Mingyang Intelligence: Third Quarter Report 2024
Third Quarter Report 2024
Ming Yang Smart Energy (601615.SH): The net income for the first three quarters was 0.809 billion yuan, a decrease of 34.58% year-on-year.
Ming Yang Smart Energy (601615.SH) announced on October 30th that it achieved revenue of 20.237 billion yuan in the first three quarters of 2024, a decrease of 4.14% year-on-year; net income attributable to shareholders of the listed company was 0.809 billion yuan, a decrease of 34.58% year-on-year, with basic earnings per share of 0.36 yuan. In the third quarter of 2024, revenue reached 8.441 billion yuan, a decrease of 19.39% year-on-year; net income attributable to shareholders of the listed company was 0.148 billion yuan, a decrease of 74.57% year-on-year, with basic earnings per share of 0.07 yuan.
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Hong Kong stock market anomaly | Goldwind Science& Technology (02208) fell more than 9%. The wind power industry's bidding volume may increase by 40% year-on-year within the year. Institutions predict its roe will rebound next year.
Goldwind Science& Technology (02208) fell more than 9%, as of the time of writing, down 9.36%, trading at 6.78 Hong Kong dollars, with a turnover of 0.147 billion Hong Kong dollars.
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Sinolink Securities: The profit of the whole machine in the first half of the year has improved month-on-month, and we are looking forward to a substantial increase in the sea breeze in the second half of the year.
Considering the quarterly profit trend changes in the upstream raw materials and components segment last year, the recovery of gross margin in the first half of the year was mainly contributed by the transmission of price pressure to the upstream, but there were also factors such as the large-scale expansion of wind power and the increase in overseas proportion.
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2024 Semi-Annual Report
2024 Semi-Annual Report Summary
Express News | Ming Yang Smart Engy - Termination of the Incentive Scheme
Ming Yang Smart Energy (601615.SH): The net income in the first half of the year was 0.661 billion yuan, a year-on-year increase of 0.94%.
On August 30th, Ming Yang Smart Energy (601615.SH) announced that during the reporting period, the company achieved revenue of 11.796 billion yuan, a year-on-year growth of 10.85%; net income attributable to shareholders of the listed company was 0.661 billion yuan, a year-on-year growth of 0.94%.
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China's Ming Yang Smart Energy, Italy's Renexia to Establish 500 Million Euro Wind Turbine Plant
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