How about Qingdao Tianneng Heavy Industry Co., Ltd.?

China Energy Network

Qingdao Tianneng Heavy Industry Co., Ltd. ("Tianneng Heavy Industry" for short), which is on the fast track of offshore wind power development, will continue to increase its investment in 2020.

Tianneng Heavy Industry was established in 2006. It is a leading manufacturer and supplier of wind turbine tower (tower) equipment in China, specializing in the manufacturing and supply of megawatt-class wind turbine towers and related products. sales, ranking at the forefront of the tower manufacturing industry. In addition to wind power generation, its business also involves photovoltaic power generation, biomass energy power generation, etc. The company was listed on the Shenzhen Stock Exchange in November 2016.

In recent years, my country's offshore wind power has developed rapidly and the market size has continued to expand. Tianneng Heavy Industry made a strategic transformation in a timely manner, increased investment in the operation of wind farms, and quickly entered the manufacturing fields of offshore wind power towers and monopiles. This has benefited Tianneng Heavy Industry a lot in terms of performance.

Huaxia Energy Network learned that Tianneng Heavy Industry achieved operating income of approximately 2.464 billion yuan in 2019, an increase of 76.83% from the same period last year; it achieved a net profit attributable to shareholders of listed companies of approximately 269 million yuan, an increase of 76.83% from the same period last year. An increase of 163.33 in the same period last year!

Entering 2020, Tianneng Heavy Industry’s performance remains stable. In the first quarter of 2020, Tianneng Heavy Industry achieved total operating income of 328 million yuan, a decrease of 8.85% from the same period last year; it achieved a net profit attributable to shareholders of listed companies of 31.1145 million yuan, an increase of 10.01% from the same period last year; as of the end of the reporting period, the company had Orders are approximately 4.048 billion yuan.

In addition to many benefits, Tianneng Heavy Industry also has hidden worries. Huaxia Energy Network found that as of the end of the first quarter of 2020, the net cash flow generated by Tianneng Heavy Industry's operating activities was -230 million yuan, which turned from positive to negative compared with 63.3 million yuan in the same period last year, and the decline reached -463.86.