Qingdao Tianneng Heavy Industries Co.,Ltd. (300569): Wins Bid for Chongqing Guangyou New Energy Procurement Project Worth 14.32 Million Yuan

Deep News09-28

According to enterprise data, Qingdao Tianneng Heavy Industries Co.,Ltd. announced on September 28, 2025, that it has successfully won the bid for a procurement project from Chongqing Guangyou New Energy Co., Ltd., with a contract value of 14.3177 million yuan. The project involves the "Phase I Tower Procurement Project for CGN New Energy Chongqing Youyang Guganshan 50MW Onshore Wind Power Project."

Related Listed Company: Qingdao Tianneng Heavy Industries Co.,Ltd. (300569.SZ)

Financial Snapshot: For fiscal year 2024, Qingdao Tianneng Heavy Industries Co.,Ltd. (300569.SZ) reported operating revenue of 3.273 billion yuan, representing a year-over-year decline of 22.72%. The company recorded a net loss attributable to shareholders of 262 million yuan, reflecting a 204.00% decrease in profitability, with a return on equity of -4.76%.

However, the company showed signs of recovery in the first half of 2025, with operating revenue reaching 1.458 billion yuan, marking a 25.15% increase year-over-year. Net profit attributable to shareholders turned positive at 69 million yuan, up 6.43% compared to the same period last year.

The company operates in the industrial sector, primarily focusing on electrical instruments and meters. According to its 2024 annual report, the main business segments include: wind turbine towers (80.38%), new energy power generation (18.34%), and other businesses (1.28%).

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