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Caixin Securities: A milestone year for Wind Power Equipment delivery, focus on the "Two Seas" and diversification of components.
Overall, the demand side of the Wind Power Equipment Industry is expected to significantly improve by 2025, leading the industry to switch from a passive destocking phase to an active restocking phase, and a major delivery year is anticipated.
Express News | Ningbo Orient Wires & Cables: Won the bid for submarine cable products and Construction projects.
Ningbo Orient Wires & Cables (603606.SH): Total bid for a project worth 1.275 billion yuan.
On December 31, Gelonghui reported that Ningbo Orient Wires & Cables (603606.SH) announced that it has successively received relevant bidding notifications, confirming the company as the successful bidder for related projects: 1. The 220kV and 66kV submarine cable project at the Peninsula North L site for CHINA BEST's ShanDong branch, with a bid amount of approximately 0.985 billion yuan; 2. The EPC project for the 66kV submarine cable at the Qingshou Qihai offshore wind farm by the upper survey institute, with a bid amount of approximately 0.29 billion yuan. The total bid amount for the above projects is approximately 1.275 billion yuan, and the performance of these contracts will have a positive impact on the company's future operational performance, although it will not affect the company's operational independence.
Ningbo Orient Wires & Cables (603606) company in-depth report: The rapid development of offshore wind power both domestically and internationally, the submarine cable leader is poised for growth.
Investment highlights: The company's performance is steadily improving, with revenue and net profit growth year-on-year in the third quarter. The overall performance of the company shows steady growth, with high year-on-year increases in revenue and net profit for the single quarter. From January to September 2024, the company achieved a cumulative main business revenue of approximately 6.689 billion yuan.
CICC: It is expected that the newly installed capacity of domestic wind power will reach a historic high in 2025.
Zhongjin expects that by 2025, the newly installed capacity of wind power in the country is likely to reach 110-120 GW, and this round of rush for installations is less affected by policies, with new installation demand possibly continuing in 2026.
Soochow Securities: In 2025, the resonance of land and sea wind installation demand is anticipated, 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.
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