Lyon: Goldwind Science & Technology (02208) has had a solid start to the year, raising its target price to 6.6 Hong Kong dollars.

Lyon released a research report stating that Goldwind Science & Technology (02208) had a strong start to the year, with a 71% year-on-year increase in net profit in the first quarter, reaching 20% higher than the bank and market expectations. Lyon mentioned that Goldwind Science & Technology's gross profit margin in the first quarter decreased by 3.1 percentage points, continuing the weakness from the fourth quarter of the 2024 fiscal year. The highlight of the performance is that its overseas orders now account for 14% of the total order backlog, indicating that the company is gaining market share in overseas markets. The bank has raised Goldwind Science & Technology's H-share target price from HK$6.5 to HK$6.6, maintaining an "outperform the market" rating.