Sinoma Technology's glass fiber and wind power blade revenue will grow rapidly

After Sinoma Technology injects Taishan fiberglass, the company's business pattern will be further focused, and the revenue of upstream fiberglass and downstream wind turbine blades is expected to exceed 60%
of the company's total revenue.
According to the National Energy Administration's 2020 wind power grid-connected installed capacity of 250GW, the new installed capacity of more than 25GW per year will be maintained in the next five years, and the company, as a leading enterprise in the industry, the revenue of glass fiber and wind power blades is expected to achieve rapid growth
.

From the perspective of the company's previous business pattern, the company focuses on the development of three leading industries
: composite wind turbine blades, high-pressure composite gas cylinders and membrane materials.
From the first half of 2015, the situation of the wind turbine blade industry continued to improve, the company's blade industry strengthened the development of new model products, developed the largest offshore wind turbine blades in China, and laid out a new production base in the central region, becoming the largest domestic production scale, the most complete model variety of wind turbine blade suppliers, product production and sales increased significantly, consolidating the first position in the domestic market share; On the basis of stabilizing the application of cement market, the filter material industry has vigorously developed the power application market, and the production and sales have grown steadily, and the new high-end chemical fiber felt filter material production line project last year has been put into operation and achieved profitability, and the product production capacity has been further improved; The production and sales of glass microfiber paper products are stable, and the capacity utilization rate is increased by 10%; Facing the current severe market situation, the gas cylinder industry actively explores domestic and foreign markets, while implementing refined operation management, carrying out all-staff value innovation activities, strengthening cost and expense control, and maintaining the advantage
of CNG products in the domestic vehicle market share.

A researcher at a large securities firm in Beijing pointed out: "At present, the production capacity of Taishan glass fiber is more than 500,000 tons, and the planned production capacity in the future will reach more than 700,000 tons, corresponding to an income of about 4 billion yuan; In terms of wind power blades, Sinoma Technology will accelerate its international layout while strengthening domestic integration, and its revenue is expected to reach more than 3 billion yuan this year and 4 billion yuan to 5 billion yuan
in the future.
In this way, if the two pieces add up, it is more than 8 billion yuan in revenue
.
Moreover, after the injection of Taishan glass fiber, Sinoma Technology has become the largest domestic enterprise producing fiber composite materials and fiber composite products, and its competitive advantage will be further highlighted
.
”