According to the Zhitong Finance App, Electric Wind Power (688660.SH) released its 2023 annual report, achieving operating revenue of 10.114 billion yuan, a year-on-year decrease of 16.24%. Achieved a net loss of 1,271 billion yuan attributable to shareholders of listed companies. Achieve a net loss of 1,412 billion yuan attributable to shareholders of listed companies after deducting non-recurring profit and loss.

The fan orders delivered by the company during the reporting period were all affordable projects (that is, projects that do not receive national electricity price subsidies) orders received after the peak of installation, and the previous year's delivery projects included some high-priced orders received in historical years, so the average sales price of products during the reporting period still dropped significantly compared to the same period last year. At the same time, the domestic wind power market remained fiercely competitive during the reporting period, and the tender price of fan products continued to drop. Affected by this, the sales order price of the company's fan products also continued to drop. Facing a market pattern where competition continues to intensify, the company reduced costs by actively promoting large-scale products, adjusting technical routes, and reducing supply chain costs. Although product costs have declined to a certain extent during the reporting period, they are still less than the drop in sales prices, resulting in a sharp drop in gross sales margin during the reporting period compared to the same period last year. At the same time, according to the relevant provisions of the accounting standards, according to the company's preliminary estimates, the estimated cost of some fan sales orders signed during the reporting period is greater than the revenue that can be achieved in the future. The company accrued loss contract loss preparations for this portion of the difference, and recognized the portion exceeding the calculated inventory price drop as an estimated liability, further reducing the company's operating profit. Also affected by the aforementioned decline in fan sales prices, and marine sales orders in some regions were affected by the project schedule and failed to achieve sales revenue as planned. As a result, the company's operating income declined during the reporting period, and operating profit decreased accordingly.