Guo Jin Securities: Strong performance within the wind power sector, optimistic about its future prospects

Guo Jin Securities pointed out that the Philippines' 3.3GW offshore wind project tender requires project delivery to be completed between 2028 and 2030, with a development cycle much shorter than normal overseas offshore wind projects. They are optimistic about domestic wind turbine, foundation, and marine cable companies with stronger delivery capabilities in obtaining relevant orders. CSSC Offshore & Marine Engineering Group announced the completion of the first batch of Inch Cape monopile production, and project foundation and marine cable delivery are expected to gradually start. It is recommended to pay attention to the situation of orders confirmed by companies such as Dongfang Electric in the second half of the year. State Power Investment Corporation's 2.5GW onshore wind turbine group centralized procurement has started, with the bid price for 5.XMW models increasing by 17% compared to the March centralized procurement. It is recommended to continue to focus on the trend of potential profit improvement in the second half of the year.