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Soochow Securities: Downstream deliveries in 24Q3 gradually increased, with a month-on-month improvement in wind turbine gross margin.
It is expected that the installed capacity of Haifeng will be 7-8GW in 2024, and 13-15GW in 2025, with an increase of 25% and 100% respectively.
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Guosheng Securities: Significant improvement in wind turbine profitability, bullish on the growth of the offshore cable tower performance driven by the increase in offshore wind power generation in the second half of the year.
The offshore wind power bidding in the first half of 2024 is almost the same as that in the first half of 2023, while the onshore wind power bidding is impressive. The offshore wind power projects will gradually start in the second half of the year, and the bidding is expected to exceed expectations. Bullish on wind power construction in 2025.
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