Jiangsu Zhenjiang New Energy Equipment Co Ltd Class A

Zhenjiang Co. released its 2026 interim report on August 25. During the reporting period, it achieved operating revenue of 2.863 billion yuan, up 56.10% year on year; net profit attributable to the parent company was 150 million yuan, up 854.75%; and non-GAAP net profit was 97 million yuan, up 24.86%. The explosive growth was mainly driven by the coordinated efforts of its core wind power, photovoltaic, and fastener businesses, as well as a substantial increase in foreign exchange hedging gains. The company's order backlog reached 4.843 billion yuan, with wind power equipment products accounting for over 80%. Its new production line in Nantong has commenced operations and begun bulk shipments. Cooperation with Siemens Gamesa and Nordex marks progress in its transformation into a comprehensive service provider. Operating cash flow turned positive to 366 million yuan, but attention should be paid to risks such as international trade frictions, exchange rate fluctuations, and the sustainability of non-recurring gains.