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00:00:00","BUSINESS_REVIEW":"1、所属行业基本情况公司深耕海上风电设备零部件制造领域,产品广泛应用于近海及深远海海上风电项目,凭借技术实力、规模化制造能力与稳定的产品质量,逐步发展成为风电领域具备重要影响力的专业设备制造企业,是海上风电产业链中不可或缺的核心配套服务商。海上风电作为我国能源结构转型的重要方向,是推动绿色低碳发展、实现“十五五”碳达峰目标的关键支撑,在保障国家能源安全、优化电力供给结构、培育新能源新质生产力等方面肩负重要战略使命。我国拥有绵长的海岸线与丰富的海洋风能资源,相较陆上风电,海上风电具有资源储量大、发电效率高、不占用陆地资源、临近沿海负荷中心消纳便利等显著优势。当前,行业正逐步向深远海化、大型化、多业协同方向迈进。2、行业发展情况（一）电力需求持续增长,新能源保供作用凸显全球范围内,极端天气事件频发加剧能源供需不确定性。世界气象组织持续发布预警,热浪、干旱等极端气候导致全球电力负荷激增,传统能源供给稳定性受到冲击,各国加快可再生能源布局以保障电力安全。从国内电力消费长期趋势看,近年来我国全社会用电量持续稳步上行,电力需求增长具备持续性支撑。2021年至2025年,全社会用电量先后突破8万亿、9万亿、10万亿千瓦时关口,2025年全社会用电量达到103,682亿千瓦时,同比增长5.0%,电力消费规模再创新高。2026年上半年电力需求延续增长态势,国家能源局数据显示,1-6月全社会用电量累计50,999亿千瓦时,同比增长5.3%。用电量的稳步增长反映出经济运行总体平稳。在传统火电新增装机受限的背景下,海上风电凭借区位优势,已成为沿海省份电源增量的重要选择,持续带动塔筒、桩基等海上风电核心零部件的市场需求。（二）国家顶层政策明晰,海上风电定位提升①《新型能源体系建设“十五五”规划》与《可再生能源发展“十五五”规划》相继落地,目标路径明确2026年6月25日,国家发展改革委、国家能源局发布《新型能源体系建设“十五五”规划》,明确到2030年风电和太阳能发电装机比重超过50%、成为电力装机主体,并将“海上风电基地”列为非化石能源五大增长板块之一,与“三北”风电光伏基地、西南水风光一体化基地、沿海核电基地、分布式新能源并列,提出“海上风电向深远海发展”。2026年7月23日,国家发改委、国家能源局联合印发《可再生能源发展“十五五”规划》,进一步量化目标：“十五五”期间全国海上风电新增开工规模1亿千瓦左右,2030年累计装机规模达到1亿千瓦以上；面向渤海、黄海、东海、南海四大海域,持续加快近海海上风电建设,大力推进深远海海上风电基地布局建设；鼓励海上风电与海上光伏、海洋能、海洋油气、海水淡化、海洋牧场、海底算力等业态融合发展,探索海上能源岛建设。两份规划上下衔接、互为支撑,海上风电的战略增量定位正式确立。②深远海开发加速推进,技术创新取得重大突破随着近海资源开发逐步趋于成熟,深远海正成为海上风电发展的重要方向。2026年以来,20兆瓦级大容量机组、16兆瓦漂浮式风电平台、超高压柔性直流输电等核心技术相继实现工程化突破,为深远海规模化开发奠定技术底座。技术迭代直接驱动支撑基础结构升级——从浅海单桩为主,逐步向深远海四桩导管架、吸力桩式导管架、漂浮式基础等多元化技术路径演进,塔筒、桩基类零部件的单位价值量、技术壁垒、客户黏性同步提升。③短期装机阶段性调整,中长期增长确定性不改根据国家能源局最新统计数据,2026年上半年国内新增并网风电装机3,862万千瓦,其中陆上风电新增3,778万千瓦,海上风电新增84万千瓦。海上风电装机量同比出现阶段性下降,主要受短期政策空窗期及项目审批节奏影响。但中长期来看,《可再生能源发展“十五五”规划》已为海上风电提供明确的政策支撑,深远海技术方向亦推动产品价值量提升。渤海、黄海、东海、南海四大海域海上风电基地全面纳入国家能源重点工程,为公司塔筒、桩基等核心产品创造了持续增长的市场空间。（三）全球海上风电装机需求快速提升,海外市场空间广阔根据全球风能理事会（GWEC）发布的《2026年全球海上风电报告》,2025年全球海上风电新增并网容量9.3吉瓦,同比增长16%；目前全球在建海上风电项目规模超50吉瓦,预计2026年年度新增装机将较2025年翻倍,2031年增至三倍,2035年将突破每年50吉瓦。GWEC预测,2026—2030年全球海上风电复合年均增长率将达24%,有望成为全球增长最快的主流能源技术之一；未来十年全球新增海上风电装机容量将超327吉瓦,到2035年底全球海上风电总装机容量将达到420吉瓦,约达当前规模的4倍。其中,中国连续8年领跑全球海上风电新增装机,2025年新增6.6吉瓦,累计装机48.4吉瓦,全球占比超52%。全球市场的加速扩张,为我国海上风电设备零部件企业“走出去”提供了广阔的海外增量空间。3、公司业务及产品（1）主要业务公司作为国内领先的海上风电装备供应商,主营业务聚焦海上风电设备零部件的研发、生产和销售,主要产品为风电塔筒、桩基、导管架及升压站等,目前产品全覆盖国内外12MW以上大功率等级产品。同时,公司以技术创新驱动“两海”战略落地,重点研发布局深远海市场产品,包括深水导管架、海洋牧场、换流站、漂浮式基础等。为筑牢业务发展根基,公司已基本构建起覆盖国内主要海上风电市场的产能布局,形成了“沿海10+基地”的规模化制造集群,通过贴近市场的产能布局,有效保障产品快速交付与发运效率,为业务拓展提供坚实支撑。（2）主要产品及用途公司面向海上风电行业,为客户提供稳定、高质量的海风设备产品。目前,公司主要产品如下：4、经营模式报告期内,公司采购、生产、销售三大主营业务的经营模式未发生重大变化,整体保持稳定高效运转。采购端采用“战略采购+按需定制”模式,与上游钢材、防腐材料等供应商建立长期合作关系,保障原材料稳定供应与成本可控；生产端依托沿海各生产基地布局,采用订单驱动的定制化生产模式,针对不同项目的技术参数与交付要求制定专项生产计划,强化生产过程质量管控；销售端采用直销模式,聚焦国内头部风电整机厂商与项目开发商,同时逐步拓展海外合作渠道。预计未来一定期间内,公司经营模式仍保持稳定。5、市场地位目前,能够完全配套海上风电塔筒、桩基、导管架、升压站等基础结构及海工设备零部件生产的企业数量有限,市场竞争格局整体良性。行业竞争主要集中在技术工艺、客户品牌、自有码头资源、产能布局及综合服务能力等方面。公司自成立以来聚焦海上风电产品,凭借持续的技术研发、严格的质量控制、先进的生产工艺与成熟的经营管理,在业内建立了良好的品牌声誉。公司已与多家主流风电场施工商（如中国交建、龙源振华、天津港航、华电重工、中天科技、海洋水建、烟台打捞局、中铁大桥局、中国铁建、保利长大、华西村海洋工程等）、风电场运营商（如国家能源集团、中国华能、中国大唐、中国华电、国家电投、华润电力、中广核、中国三峡、上海申能、中国绿发、江苏国信、江苏交控、山东能源、浙能集团、中国能建等）、风电整机厂商（如中国海装、上海电气、金风科技、远景能源、明阳智能、运达风电、中车株洲所、东方风电、三一重能等）及风电勘测设计院（如华东院、山东电建、山东院、中南院、河北电力设计院、中国能建浙江院等）建立了长期稳定的合作关系。未来,公司将继续通过市场开拓、技术创新、产能优化及产业链协同,巩固并提升在行业中的领先地位。"}]}