HK Stock Market Move | Goldwind Science & Technology (02208) rose more than 4% as offshore wind power received good news. Institutions are optimistic about the high growth potential of the wind power sector.

Goldwind Science & Technology (02208) rose more than 4%, up 4.17% to HKD 5.25 by the time of publication, with a trading volume of HKD 57.3364 million. On the news front, the Ministry of Natural Resources and five other departments jointly issued the "Guiding Opinions on Promoting the Scale Utilization of Marine Energy". Pan Huimin, Deputy Director of the New Energy and Renewable Energy Department of the National Energy Administration, stated that the National Energy Administration will work with relevant departments to solidly promote the comprehensive survey of marine energy resources in pilot areas, and promote it in coastal areas nationwide in a timely manner; actively promote the simultaneous development of offshore wind power and wave energy to enhance the efficiency of marine resource development. Western stated that domestic offshore wind projects will continue to advance by 2025, and is optimistic about the long-term growth prospects of offshore wind power. Tianfeng's recent research report pointed out that the wind power sector has high growth potential, with profit rebounding under improved demand, and it combines both "growth" and "value" investment attributes. In the medium to long term, the advantages of wind farm returns are obvious, and the growth prospects of the wind power sector are foreseeable and sustainable. In the medium to long term, demand is expected to exceed expectations, and the supply pattern is expected to be optimized. In the short term, it is expected that improved shipments in Q1 will further catalyze the sector, and there is optimism for opportunities in the wind power sector, with industry valuations seeing an overall increase.