[Zhongtai Electric New Energy] # Zhenjiang Shares: Positioned with Four European Major Turbine OEMs, Advancing Integration of 'Components - Assembly - Casting - Offshore Engineering'

English summary

#Based on leading customer channel positioning, from providing single components to customers, gradually obtaining European head customers' wind turbine assembly business, then synchronously introducing other new wind power categories, continuously opening space. #First stage mainly sells various wind power components such as stator and rotor to European wind turbine companies like Siemens, annual revenue 2.5 billion, profit about 200 million. #Second stage wind turbine assembly is being realized: Siemens offshore wind turbine 14MW assembly gradually delivered from end of last year, Nordex also started delivery recently, both in-hand framework orders can reach 20 billion. Meanwhile, Vestas+Enercon framework basically set, Vestas expected to land in August, Enercon 12 billion framework over next 4 years, further adding increment. #Third and fourth stages—wind power castings, offshore tower piles accelerating: #Based on positioning advantage in wind turbine assembly, company continues to introduce castings such as casting main shafts, bearing housings that were not done before. ...