Titan Wind Energy (002531.SZ) issued a profit warning, expecting a net profit of 200 million to 250 million yuan for the year 2024, a decrease of 68.56% to 74.85%.

Titan Wind Energy (002531.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to the shareholders of the listed company of 200 million to 250 million yuan, a year-on-year decrease of 68.56% to 74.85%. In 2024, the company continued its strategic contraction of the onshore wind power equipment manufacturing business. The original onshore tower business unit and blade business unit have been reorganized into the onshore wind energy equipment business unit, further shrinking the onshore wind power manufacturing business, leading to a decrease in delivery volume. The offshore business unit experienced a decrease in delivery volume due to delayed project deliveries caused by downstream customers delaying their project timelines.