Jiangsu Haili Wind Power Equipment Technology Co., Ltd.: history, ownership, mission, how it works & makes money

Born in 2009 and propelled onto public markets with a Shenzhen listing in 2021, Jiangsu Haili Wind Power Equipment Technology Co., Ltd. has spent over 15 years building a dominant offshore-component footprint with more than 10 facilities across Jiangsu and Shandong, an annual production capacity that reached 1 million tons in 2024 and is slated to expand to 1.5 million tons by 2025, manufacturing parts up to 15 meters in outer diameter and leveraging port access and an intelligent cloud welding-management system to serve domestic and international projects; Haili's 2024 results showed revenue of 1.355 billion yuan (down 19.63% year-on-year) with net profit of 66 million yuan (a swing of +175.08% from a prior-year loss), while Q1 2025 posted revenue of 436 million yuan (+251.50% YoY) and net profit of 64 million yuan (-13.27% YoY), and the company has publicized multi-scenario growth targets for 2025-2027-ranging roughly from 5.25 to 9.585 billion yuan in revenue and net-profit ambitions in the high hundreds of millions to over a billion yuan-as it diversifies across towers, monopiles, jackets, floating foundations and wind-farm investment, scales export terminals and new bases, and pursues a mission centered on quality, integrity and sustainable offshore wind expansion

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): Intro

• Founded in 2009, Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ) entered the wind power equipment manufacturing sector focused initially on large steel structures for onshore and offshore wind installations.
• Listed on the Shenzhen Stock Exchange in 2021, a milestone that reflected scaled production, expanded customer relationships and market confidence.
• By 2024 the company had accumulated roughly 15 years of experience producing offshore components and broadened its technical scope into both fixed and floating foundations.
• Operations expanded to more than 10 manufacturing facilities across Jiangsu and Shandong provinces to support higher-volume and diversified product output.

• 2021 - Shenzhen Stock Exchange listing (301155.SZ).
• 2024 - Annual production capacity reached ~1,000,000 tonnes.
• 2025 target - Planned capacity expansion to ~1,500,000 tonnes.
• Product diversification completed through 2022-2024 to cover towers, monopiles, jackets, transition pieces, floating foundations and auxiliary offshore equipment.

• Towers (onshore & nearshore)
• Monopiles and transition pieces
• Jackets and fixed foundations
• Floating foundations and cages
• Booster stations and auxiliary offshore structures

• Publicly traded company: ticker 301155.SZ on the Shenzhen Stock Exchange.
• Shareholder base typically includes a mix of institutional investors, state-owned capital participation at local/regional level, and retail investors (post-IPO free float increased liquidity and analyst coverage).
• Management structure oriented around integrated manufacturing, R&D for offshore technologies, and strategic customer partnerships with major turbine OEMs and project developers.

• End-to-end steel fabrication: from plate processing, rolling, welding, to final assembly and coating for offshore-grade durability.
• Large-scale capacity enabling serial production of heavy components (monopiles >1000 t each, jackets assembled modularly).
• Quality assurance and offshore certification processes to meet IEC, DNV and major OEM technical specifications.
• Logistics and port-side integration: proximity to coastal transport hubs and staged yards for load-out operations.

• Contract manufacturing for turbine OEMs and project owners (fixed-price and framework supply agreements).
• Turnkey or semi-turnkey deliveries for foundations and substructures, commanding higher margins than commodity steel supply.
• Aftermarket and spare parts sales, coatings and refurbishment services for existing offshore assets.
• Capacity-scaling and vertical integration reduce per-unit costs and increase gross margins as volume ramps toward 1.5 million tonnes.

• Strong exposure to China's accelerating offshore wind build-out and growing international tender opportunities.
• Volume-driven cost advantages as capacity expands from 1.0 to 1.5 million tonnes, enabling competitive bidding on both domestic and export projects.
• Product breadth (fixed + floating solutions) reduces reliance on a single technology cycle and opens revenue streams in emerging floating wind markets.

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): History

• Headquarters: Rudong Economic and Technological Development Zone, Jiangsu Province.
• Listing: publicly listed on the Shenzhen Stock Exchange (ticker 301155.SZ).
• Business focus: design, manufacture and maintenance of wind-turbine components and related EPC/O&M services.

• Public listing distributes ownership among institutional investors, mutual funds, pension-linked investors and retail shareholders.
• Corporate governance is led by a board of directors and an executive management team responsible for strategic decisions, production, R&D and market development.
• Major-shareholder and precise ownership-percentage disclosures are published through the Shenzhen Stock Exchange's official channels and periodic reports.

• Manufacturing: produces nacelles, towers, blades and auxiliary gearbox/drive components at industrial facilities in Jiangsu.
• Engineering & installation: offers project-based supply for OEMs and developers, including logistics and onsite assembly support.
• After-sales/O&M: recurring revenue from maintenance contracts, spare parts and performance upgrades for turbines under warranty or long-term service agreements.

• As a Shenzhen-listed company (301155.SZ), Haili Wind Power's stock performance, market capitalization and capital-raising activities fluctuate with market conditions and are subject to regular disclosure rules.
• Investors should consult the Shenzhen Stock Exchange for audited financial statements, quarterly reports and the latest shareholder registry to view up-to-date revenue, net income, asset and major-shareholder figures.

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): Ownership Structure

• Vision: leadership in onshore/offshore turbine components and long-term corporate legacy.
• Mission: deploy wind energy solutions to advance sustainability and green power adoption.
• Core values: integrity, responsibility, win-win cooperation.
• Corporate style: client-oriented, reform-practicing, people-oriented, joint efforts.
• Quality focus: comprehensive quality management system treating quality as the company's lifeline.
• Innovation culture: continuous improvement to meet or exceed client expectations.

• Manufacturing and sales of nacelles, hubs, and key wind-turbine components to OEMs and EPC contractors.
• After-sales services, spare parts, and maintenance contracts for onshore and offshore projects.
• R&D-driven product upgrades and licensing/engineering services for turbine adaptation.

• Scale manufacturing margins from larger nacelle/hub contracts.
• Service revenues and long-term maintenance agreements providing recurring cash flow.
• Export sales and offshore project participation boosting ASPs (average selling prices).
• R&D enabling higher-efficiency components and premium pricing.

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): Mission and Values

• Manufacturing network: operates over 10 facilities across Jiangsu and Shandong provinces, enabling distributed production and scale flexibility.
• Annual capacity: current steel and component production capacity of 1,000,000 tonnes per year, with a target to expand to 1,500,000 tonnes by 2025 to meet growing demand for large-diameter wind components.
• Large-component capability: fabricates components with maximum outer diameters up to 15 meters, suitable for nacelles, tower sections, monopiles and other utility-scale structures.
• Logistics and export: leverages nearby port resources for efficient loading of oversized components, facilitating international distribution and turnkey export projects.
• Digital quality control: employs an intelligent cloud management system to monitor the entire welding and fabrication process in real time, supporting traceability, defect reduction and yield improvement.
• Quality culture: invests in employee training, process audits and continuous improvement programs to foster a company culture focused on product excellence and manufacturing consistency.

• Direct manufacturing sales: sale of fabricated tower sections, monopiles, transition pieces and other heavy components to turbine OEMs, EPC contractors and wind farm owners.
• Project contracting and assembly: providing on-site assembly, pre-assembly and logistics integration for large wind farm projects (domestic and export markets).
• Value-added services: welding procedure qualification, component customization, NDT/inspection services and cloud-enabled quality reporting sold as bundled services.
• Export and trading: revenue from export shipments enabled by port access and international commercial terms for oversized components.

• Scale-up of capacity to 1.5M tpa improves fixed-cost absorption and lowers per-unit manufacturing cost.
• Large-diameter capability commands premium pricing for offshore monopiles and towers due to specialized handling and fabrication requirements.
• Port-enabled exports diversify market exposure and reduce domestic market cyclicality risk.
• Cloud-enabled quality control reduces rework rates and warranty exposure, improving gross margins over time.

• Expand capacity and technical depth to support next-generation offshore foundations and turbines.
• Embed digital process control and traceability across production to elevate quality standards.
• Leverage coastal logistics to accelerate entry into international markets while maintaining strong domestic project delivery.
• Cultivate a continuous-improvement quality culture that aligns employee incentives with product excellence.

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): How It Works

• Primary revenue streams: manufacturing & sales of wind turbine foundations and related components, EPC and construction for wind farms, operation & maintenance (O&M) services, and investment returns from wind farm assets.
• Product portfolio (manufacture & supply): towers, monopiles, jackets, booster stations, floating foundations, transition pieces, and cages.
• Value chain positions: OEM supplier to turbine manufacturers and developers, EPC contractor for foundation installation, and asset owner/operator for selected wind farm projects.

• How manufacturing drives revenue: mass production of monopiles, jackets and transition pieces for offshore projects and towers/boosters for onshore developments creates high-unit sales revenues tied to market orders and project pipelines.
• How project development & investment contributes: investing in wind farm construction and retaining equity/operational control yields recurring O&M income and non-linear upside from asset appreciation and grid connection milestones.
• How services add margin stability: O&M contracts and aftermarket spare-parts/service agreements convert one-time equipment sales into recurring revenue and higher lifetime value per project.

• Order intake and project pipeline timing (offshore foundations have lumpy, high-value orders).
• Capacity utilization at fabrication yards and logistic/installation efficiency for monopiles/jackets.
• Commodity steel prices and shipping/installation costs impacting gross margins.
• Successful grid connections and commissioning of self-developed wind farms to monetize investment-stage returns.

Jiangsu Haili Wind Power Equipment Technology Co., Ltd. (301155.SZ): How It Makes Money

• Core revenue streams: fabrication and sale of monopiles, transition pieces, high-voltage components, and auxiliary structures for offshore turbines; aftermarket parts and service contracts.
• Customers: major domestic and international wind farm developers and turbine manufacturers.
• Channels: direct B2B sales, long-term supply contracts, export terminals and manufacturing bases.

• Listed entity: 301155.SZ; corporate shareholders include strategic industrial investors and institutional holders (typical listed-shareholding structure with controlling shareholders and free float).
• Mission: accelerate offshore wind deployment through reliable, scalable fabrication of heavy components and expansion of production capacity to support China's and overseas ocean wind targets.

• Established market position from 15+ years in offshore parts manufacturing-recognized as a domestic leader in capacity for large offshore structures.
• Accelerating overseas expansion: targeting export terminals and bases to capture non-domestic demand; identified expansion bases in Wenzhou (Zhejiang) and Zhanjiang (Guangdong) to strengthen logistics and installation support.
• Expected to benefit from release of ocean-wind demand driven by national and international offshore wind targets, grid connections and turbine installations.

• Scale advantages from heavy fabrication lines reduce unit fabrication cost as throughput rises.
• Higher-margin aftermarket services and long-term supply agreements expected to improve profitability alongside top-line growth.

• Expand export terminals and related bases to shorten delivery cycles for international projects.
• Deploy capacity in identified non-provincial bases (Wenzhou, Zhanjiang) to tap regional demand and logistics networks.
• Invest in manufacturing automation and quality control to meet large turbine OEM specifications and drive margin expansion.