CITIC SEC's Research Reports point out that various changes are driving the growth in the shipment volume and improvement in profitability of wind power components. The main factors include the increase in installed capacity in the Industry driving production scheduling improvements, upgrades in turbine models and the large-scaleization of components that lead to improvements in processes or structural shortages, an increase in the proportion of overseas shipments driving profit per unit up, and the decline in raw material prices is also expected to boost profitability. There is a bullish outlook on the improvement of profitability in the wind power components segment under the conditions of increasing demand and structural optimization in the wind power Industry. It is recommended to focus on segments such as castings, forgings, subsea cables, Blades, and towers within the wind power components.
中信证券:关注风电零部件中的铸件、海缆、塔筒等环节
CITIC SEC: Focus on castings, submarine cables, and tower sections in the wind power components.
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