On the evening of August 23, Feiwo Technology (301232) released the report for the first half of 2023, achieving operating income of 710 million yuan, an increase of 25.79%, and achieving net profit of 45.31 million yuan after deducting non-profits, an increase of 27.41%.
Feiwo Technology said that since the "dual carbon" goal was proposed, the pace of China's green and low-carbon energy transformation has been accelerating. Data released by the National Energy Administration show that China's wind power construction and operation efficiency in the first half of 2023 continued to improve, the first half of the national wind power grid connection capacity of 22.99 million kilowatts, of which 21.89 million kilowatts of onshore wind power, offshore wind power 1.1 million kilowatts. From the distribution of new installed capacity, the "three North" region accounted for 70.6% of the country's new installed capacity. As of the end of June 2023, the cumulative installed capacity of wind power in the country reached 389 million kilowatts, an increase of 13.70%, of which 358 million kilowatts of onshore wind power and 31.46 million kilowatts of offshore wind power. The acceleration of wind power construction drives the fastener business, creating favorable conditions for the revenue and profit of Feiwo Technology to take off.
In recent years, with "high strength, fatigue resistance, corrosion resistance" as the main selling point, Feiwo Technology has launched wind power blade embedded screw sleeve, complete machine bolts (blade stud, host bolt, tower bolt) and wind power anchor bolt components, covering hundreds of specifications and models. General Electric (GE) under the Elm (LM), SiemensGamesa (SiemensGamesa), TPI, vision energy, CRRC Zhuzhou, Sany heavy energy, Sinomaterials technology (002080), Mingyang Energy, Goldwind technology (002202) and other domestic and foreign leading wind turbine blade, wind power machine manufacturers and wind farm builders, operators All are the main customers of Feiwo Technology.
Feiwo Technology also actively develops high-strength fasteners and fastening system solutions for aerospace, petroleum equipment, gas turbines and other high-end equipment manufacturing industries. At present, Feiwo Technology has established cooperative relations with customers such as AVIC South Industrial Co., LTD., AVIC Zhongchuan Machinery Co., LTD., Hunan Boyun New Material (002297) Material Co., LTD., Schlumberger, AVIC Beijing Aeronautical Materials Research Institute and so on. It is worth mentioning that on the evening of August 23, Zhang Youjun, chairman of Feiwo Technology, issued a recruitment order in the wechat circle of friends, saying that the aerospace division of Feiwo Technology will recruit a large number of undergraduate and postgraduate students in metal materials and machinery manufacturing.
(Source: Securities Daily)
