The recovery of wind power has driven the growth of blade sales, which has steadily increased the share of new markets. In 2018, Sinoma Blade achieved operating revenue of 3.385 billion yuan and operating profit of 195 million yuan. In 2018, the company's sales of blades above 2MW totaled 5,192MW, accounting for up to 93%. In 2017, the country ’s new wind power installed capacity was 19.66GW, and the company ’s shipments were 4.86GW, with a market share of 24.7%. In 2018, the country ’s new wind power installations were 21.14GW, and the company ’s shipments were 5.59GW, with a market share of 26.4% and the market share increased. 1.7 percentage points.
Continue to expand the production capacity of high-quality fiberglass and significantly increase profitability. In 2018, the company achieved sales of 845,000 tons of glass fiber and products, a year-on-year increase of 14.43%; operating income of 5.880 billion yuan, an increase of 9.45% year-on-year; net profit of 961 million yuan, an increase of 38.3% year-on-year The profit growth rate is much higher than the growth rate of production, sales volume and operating income, and the profitability has been significantly enhanced. At the end of 2018, the F06 line was put into operation. At present, the company's actual annual production capacity of glass fiber exceeds 900,000 tons, and the advanced production capacity accounts for more than 80%. The cost advantage is obvious. The company plans to achieve an annual production capacity of 1 million tons in 2020, and actively plans the location and project construction of overseas fiberglass bases, promotes the international industrial layout, and enhances the global influence of the fiberglass business.