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Interface News Reporter |

In the first three quarters, the overall performance of wind turbine manufacturers was improving.

Jiemian News counted the performance of five major A-share wind power leaders in the first three quarters. Among them, wind power leader Goldwind Technology (002202.SZ) performed the most brightly. Its net profit in the first three quarters was 1.792 billion yuan, a year-on-year increase of 42.14%, and the total net profit and growth rate ranked first.

In a single quarter, the company's net profit in the third quarter rose by 4195.25% year-on-year to 405 million yuan, the largest year-on-year increase, but fell by 61.6% month-on-month, and it was also the company with the largest month-on-month decline.

Drafting: Ma Yueran

Goldwind's financial report disclosed that from January to September, the company achieved an external sales capacity of 9.7 GW, a year-on-year increase of 9.05%. Among them, the sales capacity of units below 4 MW is 70.25MW, accounting for 0.72%; The sales capacity of 4 MW (inclusive) to 6 MW units is about 4 GW, accounting for 41.64%; The sales capacity of units of 6 MW and above was 5.6 GW, accounting for 57.64%.

As of the end of September, Goldwind's total external orders pending were 29.5 GW; Orders in hand totaled 44.3 GW, up 40.53% year-on-year.

The main source of profits for Goldwind is not the traditional main business of wind turbines, but the operation of wind farms. According to data from Soochow Securities, Goldwind's comprehensive gross profit margin in the third quarter was 14.1%, flat quarter-on-quarter, considering that there were fewer wind farm transfers in the third quarter and the decline in wind from the second quarter, it is expected that the proportion of wind turbine business in the revenue structure in the third quarter will increase, and the gross profit margin of wind turbines will continue to increase quarter-on-quarter in the same period. In terms of profit split, the main source of profit is wind farm operation, and the investment income based on wind farm transfer is about 256 million yuan, while the wind turbine business continues to lose money.

According to Caixin Securities, according to Goldwind's third-quarter performance demonstration materials, as of the end of the third quarter, its domestic and foreign self-operated wind farm equity installed capacity totaled 8.14 GW, an increase of 11.65% compared with the cumulative installed capacity of 7.29 GW last year, much higher than the growth rate of 2.98% last year's cumulative installed capacity.

The agency expects that the grid-connected installed capacity of Goldwind's wind power self-operated wind farms is expected to reach a new high in 2024, and it is expected to contribute to stable performance with continuous power plant investment and power plant transfer.

In the first three quarters, Goldwind's operating income was 35.839 billion yuan, a year-on-year increase of 22.24%; The net profit was 1.792 billion yuan, a year-on-year increase of 42.14%, and its performance scale was significantly higher than that of its peers.

In the third quarter of this year, Sany Renewable Energy (688349.SH) net profit reached 251 million yuan, second only to Goldwind Technology, with a year-on-year increase of 17.56%.

Recently, Sany Renewable Energy has made frequent moves to go to sea. On October 28, the company announced that its holding subsidiary, Sany Wind Energy India, has signed sales contracts with three subsidiaries of JSW Group in India for a total of about 1.32 GW of wind turbines, and signed a sales contract for 300 MW of wind turbines with Green Infra Renewable Projects Limited, a subsidiary of Sembcorp Group in India.

Sany Renewable Energy has said it plans to build a wind power manufacturing plant in Kazakhstan and a large wind farm in Uzbekistan.

Mingyang Intelligent (601615.SH) is the only one of the above five companies whose performance declined year-on-year and quarter-on-quarter in the third quarter.

In the first three quarters, the company's net profit was 809 million yuan, a year-on-year decrease of 34.58%. Mingyang Intelligent believes that the decline in performance is mainly caused by the decline in wind turbine prices and the decline in the delivery scale of offshore wind turbines.

In the past two years, Mingyang Intelligent Market has performed poorly. In Bloomberg New Energy Finance's ranking of China's wind turbine manufacturers' new hoisting capacity last year, Mingyang Intelligent fell one place to fourth. Last year, the company's net profit was 206 million yuan, a significant decrease of 93.36% year-on-year, due to the decline in offshore wind turbine sales and the lower than expected profit from the sale of power station products.

Yunda Co., Ltd. (300772.SZ) achieved year-on-year growth in both the single quarter and the cumulative net profit in the first three quarters. In the first three quarters, the company's operating income was 13.929 billion yuan, a year-on-year increase of 24.01%; net profit was 267 million yuan, a year-on-year increase of 6.25%.

According to the financial report of Yunda Co., Ltd., during the reporting period, its new orders were 18.7 GW, and the cumulative orders in hand were 35.8 GW.

Electric wind power (688660.SH) was still in a loss state in the third quarter, but the loss was narrow, with a net loss of 90 million yuan, a year-on-year decrease of 68.09%, and a month-on-month loss of nearly 50%.

On October 31, the content of the record table of investor relations activities of the performance briefing disclosed by Electric Wind Power showed that the average bidding price in the market in 2023 continued to decline, and the cost of onshore semi-direct drive products at that time was not advantageous, resulting in a shortage of new orders that year, and at the same time, the new orders this year did not meet the delivery conditions, and the product delivery volume decreased compared with the same period last year. In addition, the execution of some of the company's sales orders was delayed.

"The company has taken multiple measures to promote the delivery of sales orders, and the operating income in the third quarter has achieved positive year-on-year growth, with an increase of 13.9%." Electrical wind power indicated.

In the first three quarters, new orders for electric wind power totaled 7.1 GW, an increase of 292.53% over the same period of last year, of which 2.9 GW of orders have been won and contracts have not yet been signed, and the cumulative orders in hand were 14.6 GW, an increase of 60.66% over the same period of last year.

As of the close of trading on October 31, Electric Wind Power rose 20.05%, with a daily limit, closing at 5.03 yuan per share, with a total market value of about 6.7 billion yuan.