Stock Concept Tracking | Shanghai and other places accelerate the construction of offshore wind power. The prosperity of the wind power equipment industry is reversing (with concept stocks).

According to the news on the official website of the Shanghai Municipal People's Government on September 14th, the Shanghai Municipal People's Government has issued the "Action Plan for Accelerating Green and Low-carbon Transformation in Shanghai". It mentions the comprehensive implementation of the "PV+" project, with the goal of reaching a PV installed capacity of 4.5 million kilowatts in the city by 2027. Efforts will be accelerated to promote the completion and grid connection of nearshore wind power projects in the Hangzhou Bay area and other regions, as well as to promote the development and construction of the first batch of deep-sea wind power projects. Projects such as expanding the capacity of Caojing and Shanghai Waigaoqiao Free Trade Zone Group to replace capacity and other projects will be promoted, with all projects reserving carbon capture interfaces and sites. CITIC SEC recently released a research report stating that key offshore wind power projects such as Guangdong Fanshiyi and Shandong Peninsula Beili are accelerating their bidding processes. Concerns about navigation channels and project approvals in the market are expected to be gradually resolved. CITIC SEC predicts that domestic offshore wind power projects are expected to start construction intensively by the end of the year and may enter a period of intensive installation by 2025, indicating a turnaround in the industry. It is recommended to focus on domestic high-quality submarine cables, piling, castings, and leading wind turbine manufacturers. Wind power equipment-related companies: Goldwind Science & Technology (02208): In the ranking of global wind turbine manufacturers in 2023, Chinese wind power companies are far ahead, with four of the top five spots occupied by Chinese companies. Among them, Goldwind Science & Technology ranked first, accounting for 13.9% of the global market share in terms of newly installed capacity last year. In the first quarter of this year, Goldwind Science & Technology's net profit growth rate dropped significantly to only 333 million yuan. The net profit attributable to shareholders of the parent company in the first half of the year reached 1.387 billion yuan, representing an increase of 10.83% year-on-year, indicating a significant improvement in the company's performance in the second quarter. As of June 30, 2024, Goldwind Science & Technology's total order backlog was 38.4GW, with external orders totaling 35.6GW, a year-on-year increase of 26.40%. The majority of the orders are for specifications of 6MW or more, accounting for 65% of the total orders. C TRANSMISSION (00658): It is a group of enterprises specializing in the research and manufacturing of high-speed, heavy-duty, and precision gear transmission devices. Its business covers wind turbine gearboxes, rail vehicle gearboxes, industrial gearboxes, Siasun Robot & Automation gearboxes, and new energy vehicle gearboxes. In 2023, the company's sales revenue from wind turbine gear transmission equipment business increased by 12.2% to 14.89 billion yuan compared to the previous year. From a customer perspective, the company has significant advantages in customer resources in 2023. Its customers for wind turbine gear transmission equipment products include not only major wind turbine manufacturers in China but also internationally renowned wind turbine manufacturers.