---
title: "A-share subscription | Leading company in the wind power main gearbox sector, Transmission Technology, starts subscription with a high production and sales rate maintained"
description: "Transmission Technology started subscription on October 28, with an issue price of 46.68 yuan per share, a subscription limit of 9,500 shares, and a price-to-earnings ratio of 34.98 times. The company"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262967936.md"
published_at: "2025-10-27T22:38:03.000Z"
---

# A-share subscription | Leading company in the wind power main gearbox sector, Transmission Technology, starts subscription with a high production and sales rate maintained

> Transmission Technology started subscription on October 28, with an issue price of 46.68 yuan per share, a subscription limit of 9,500 shares, and a price-to-earnings ratio of 34.98 times. The company focuses on the research, development, production, and sales of wind power main gearboxes, with a global market share of 10.36% and a market share in China of 16.22% in 2024. Although the main business revenue is expected to decline in 2024, the gross profit margin remains stable. The operating revenues from 2022 to 2024 are 3.108 billion yuan, 4.442 billion yuan, and 3.715 billion yuan, respectively

According to Zhitong Finance APP, on October 28, Transmission Technology (603092.SH) began its subscription, with an issue price of 46.68 yuan per share and a subscription limit of 9,500 shares. It is listed on the Shanghai Stock Exchange, with a price-to-earnings ratio of 34.98 times, and Huatai United Securities is its sponsor.

The prospectus reveals that Transmission Technology mainly engages in the research, development, production, and sales of high-speed heavy-duty precision gear transmission products, with the primary downstream application field being wind power generation, and its core product being the main gearbox for wind power. The company has established good cooperative relationships with leading enterprises in the wind power complete machine industry, such as Goldwind Technology, Envision Energy, Mingyang Smart Energy, and SANY Heavy Energy. According to QY Research statistics, in 2024, the company’s global market share is 10.36%, ranking third globally, and its market share in China is 16.22%, ranking second in China.

According to a report released by CWEA, from 2014 to 2024, the annual compound growth rate of newly installed wind power capacity in China exceeds 14%. By the end of 2024, the cumulative installed capacity of wind turbines in China is expected to reach 561.3 GW, an increase of 18.26% compared to 2023.

During the reporting period, the production and sales of Transmission Technology's main products showed a rapid growth trend overall, with the production and sales rate maintained at a high level. The decline in the company's main business revenue in 2024 is mainly due to the decrease in product prices and the impact of Envision Energy's self-produced gearboxes; the overall gross profit margin of the main business remained relatively stable, mainly due to the continuous promotion of "cost reduction and efficiency improvement," which has had a good effect on cost control.

In terms of finance, in 2022, 2023, and 2024, the company achieved operating revenues of approximately 3.108 billion yuan, 4.442 billion yuan, and 3.715 billion yuan respectively; during the same period, the net profits were approximately 540 million yuan, 634 million yuan, and 534 million yuan respectively.

### Related Stocks

- [603092.CN - Transmission Technology](https://longbridge.com/en/quote/603092.CN.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| EUROPE POWER-Lower wind forecast lifts German spot contract | EUROPE POWER-Lower wind forecast lifts German spot contract | [Link](https://longbridge.com/en/news/276110810.md) |
| Grenevia Says Allianz Polska OFE Sells Entire 9.66% Stake In Company | Grenevia SA :ALLIANZ POLSKA OFE SELLS ENTIRE STAKE IN COMPANY, REPRESENTING 9.66% OF SHARE CAPITAL | [Link](https://longbridge.com/en/news/276148225.md) |
| Boralex Wins Contract for Difference for Sallachy Wind Farm in Scotland | Boralex Inc. has secured a UK government Contract for Difference for its Sallachy Wind Farm in Scotland, a 44 MW project | [Link](https://longbridge.com/en/news/276063631.md) |
| Sharp increase in wind supply weighs on German spot price | The German baseload power contract fell 17.6% to 91.50 euros/MWh due to a forecasted increase in wind power supply, whil | [Link](https://longbridge.com/en/news/276211630.md) |
| HWEA slams Greece’s red tape – just 3% of wind projects reach completion | The Hellenic Wind Energy Association (HWEA) criticized Greece's lengthy licensing process, stating that only 3.14% of pl | [Link](https://longbridge.com/en/news/275638881.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.