Titan Wind Energy (Suzhou) Co., Ltd.
天顺风能
002531
Shenzhen Stock Exchange
Company Profile
The company has been deeply involved in the wind power industry for twenty years, emerging as a leader in the equipment manufacturing segment. With a strategic layout driven by both "Equipment Manufacturing + Zero-Carbon Development", the company optimizes its equipment manufacturing product capacity structure while vigorously expanding its zero-carbon related businesses. This strategy provides substantial support for the company's transformative growth in the new strategic cycle. 1.Optimized Product Capacity Layout: Manufacturing Sector Achieves Seamless Transition from Land to Sea Through strategic optimization of its production capabilities and product portfolio, the enterprise has realigned its equipment manufacturing operations to prioritize offshore wind energy ventures, capitalizing on their superior market potential. In this sector, the company enters the realm of large-scale underwater foundation equipment manufacturing, characterized by higher entry barriers and strong port resources prerequisites. Due to limited resources in terms of docks, harbors, and adjacent lands, it's projected that the offshore wind power underwater foundation sector will continue to experience capacity constraints in the coming years. Through years of strategic planning, the company has established a robust geographical advantage in the production of offshore wind power foundational products, particularly in Europe and in China. The company aims to accelerate the construction and commissioning of its offshore engineering bases, further solidifying its advantageous position and competitive edge in the offshore engineering sector. 2.Zero-Carbon Business as the Second Growth Engine: Promising Rapid Development The zero-carbon business serves as a new driving force for the company's development. The company is poised to construct power stations, enhance operational capabilities, and utilize wind power development investments to catalyze the growth of other businesses. In the current landscape of intensified competition in the manufacturing segment of the wind power industry, the company has strategically accumulated substantial wind power development resources. It has stepped into the arena of zero-carbon business, progressively shifting downstream into the profitable realm of wind power station investment and development, away from the fiercely competitive midstream manufacturing segment. This approach not only strengthens the company's influence within the industry but also opens up avenues for further business growth, expanding its leadership and competitive advantages. Moreover, the zero-carbon business brings forth the accumulation of potential carbon assets, such as green electricity and CCER (Chinese Certified Emission Reduction) credits. As international and domestic carbon benchmark systems evolve and policies take root, the zero-carbon sector will provide robust support for the company's carbon neutrality, net-zero emissions, and green export trade initiatives.
Full description
Titan Wind Energy (Suzhou) Co., Ltd. was founded in 2005 and listed on the Shenzhen Stock Exchange on December 31, 2010, stock code: 002531. Concentrating on both upstream and downstream sectors of the wind power industry, the company primarily specializes in the manufacturing and distribution of wind towers, blades, offshore wind power foundations and other wind power generation equipment, as well as the development, construction and operation of clean energy. The company business profile can be outlined as follows: 1. Offshore Engineering Equipment The company’s offshore engineering equipment division focuses on offshore wind power and marine engineering equipment manufacturing, continuously expanding product boundaries. It has established a diversified product system covering offshore wind power equipment such as super-large offshore structural components, subsea fixed foundations, floating platforms, booster stations, and collector stations, as well as marine ranches and specialized vessels. Leveraging the collaborative manufacturing advantages of its seven domestic coastal offshore engineering bases and its German offshore base, the company is accelerating global capacity layout coordination to build a global network for TSP Offshore’s equipment manufacturing capabilities. 2. Zero-Carbon Industrial Operations Zero-carbon initiatives serve as a new growth engine for the company, primarily involving the development, construction, and operation of wind power projects. In July 2016, the company’s first 300 MW wind farm in Hami, Xinjiang, was connected to the grid, marking its official entry into zero-carbon asset development and operations. While optimizing post-market operations, the company will concentrate resources on developing key regional projects to lay the foundation for future wind power construction and post-market maintenance. Additionally, it will further explore light-asset models to gradually deliver full lifecycle asset services for wind power projects. 3. Onshore Wind Energy Equipment The company’s onshore wind energy equipment division specializes in manufacturing large wind power equipment such as towers, blades, and molds. With two decades of development, its onshore tower business—the company’s most mature segment—has established strong partnerships with mainstream wind turbine manufacturers and project owners. In blade and mold production, the company closely follows industry technology trends, achieving early success in producing blades/molds exceeding 100 meters in length. It is actively expanding upstream and downstream in the industrial chain, venturing into composite pultrusion technology and achieving mass production of pultruded plates. The company is also innovating new composite materials to enhance market competitiveness. It has successfully scaled production of advanced composite products, including rotor sails for oceangoing vessels. Moving forward, the zero-carbon composite materials division will continue to explore the development and application of fiberglass and carbon fiber composites in emerging fields.