HK Stock Market Move | Goldwind Science & Technology (02208) rose more than 7% during trading hours. With the industry in its peak season, high installation rates are expected to be maintained. It is hoped that domestic wind power installations in China will continue to increase during the "13th Five-Year Plan" period.

Goldwind Science & Technology (02208) rose more than 7% in midday trading, and as of the time of publication, it has risen by 4.64%, to HK$12.88, with a trading volume of 163 million Hong Kong dollars. On the news front, Sinolink research report pointed out that the operating net cash flow of the wind power industry in Q3 2025 continued to improve, with a sector operating net cash flow of 3.4 billion yuan, an increase of 700 million yuan year-on-year. The industry's inventory size continued to rise in Q3, and contract liabilities temporarily decreased. It is expected that the industry demand will remain high in the peak installation season in Q4. In the first three quarters, domestic wind power tendering remained at a high level, with the current industry's backlog orders estimated to be around 300GW, ensuring a good level of subsequent industry demand and prices. Open Source Securities believes that under the guidance of the "dual carbon" goal and the plan to achieve 360 million kilowatts of wind and solar installed capacity by 2035, the domestic wind power demand base remains stable. With the comprehensive entry of new energy into the market, as wind power output matches the load curve more closely and has a higher grid price, the preference of owners for new energy project development is shifting towards wind power. In addition, the "Wind Energy Beijing Declaration 2.0" in October 2025 proposed that during the "15th Five-Year Plan" period, the annual newly installed wind power capacity in China should not be less than 120GW, with offshore wind power not less than 15GW per year, and it is expected that the domestic wind power installed capacity will continue to increase during the "15th Five-Year Plan" period.