Hong Kong stock concept tracking | The worst case scenario for wind power prices is behind us. The installation target for the next five years has been doubled, with attached concept stocks.

The latest data shows that as of now, the newly added grid-connected wind power capacity nationwide exceeds 57.84 million kilowatts, with a cumulative grid-connected capacity of 580 million kilowatts, accounting for 15.7% of the national power generation capacity. The electricity generation from wind power by large-scale enterprises accounts for 10.1% of the total social electricity consumption. China's wind power installed capacity has been the world's number one for 15 consecutive years, entering a new era with an average annual newly installed capacity of over 100 million kilowatts. From January to August 2025, the national wind power installed capacity was 58GW, a year-on-year increase of 72%, and the grid connection of offshore and onshore wind power continued to rise in Q3. From January to September 2025, the onshore wind turbine bidding was 79GW, an increase of 7% year-on-year; offshore wind bidding was 8.3GW, a 9% increase year-on-year. Regarding offshore wind, the projects in Jiangsu and Guangdong are progressing well, and there are expectations for deep-sea catalysis. On October 20th, the 2025 Beijing International Wind Energy Conference and Exhibition, known as the "wind vane" and "barometer" of China's wind power industry, opened. During the opening ceremony, the "Beijing Wind Energy Declaration 2.0" was officially released, aiming to gather consensus and strength from the global wind power industry. It proposes an annual new installed capacity during the 15th Five-Year Plan period of no less than 120 million kilowatts, doubling the annual installed capacity compared to the target set in 2020. Regarding the wind power sector, Zhou Likai, the board secretary of Sany Renewable Energy, stated in a media interview that the worst situation in wind power pricing has passed, and next year the profitability of the wind power industry will significantly improve. Although the performance of companies may vary, it will be a relatively good year for the industry. Wind power related industry chain Hong Kong stocks: China Longyuan Power Group Corporation (00916): A listed company of the new energy sector under the State Energy Group, with rapid development in offshore wind power business. It has multiple large offshore wind farms in Jiangsu and Fujian, and after the policy implementation, it can enjoy value-added tax refund benefits, increasing enterprise cash flow and improving overall performance. Earlier this year, the company won the bid for the Longyuan Sheyang 1 million kilowatt offshore wind power project, which is a key project in Jiangsu Province's 2025 plan. Goldwind Science & Technology (02202): As one of the leading companies in the domestic wind power industry, Goldwind Science & Technology invests heavily in offshore wind power technology research and product manufacturing. This policy will promote further development in the offshore wind power market, providing a more favorable market environment for the sale of its offshore wind power equipment. Goldwind Science & Technology's revenue from self-owned wind farms reached 10.8 billion RMB in 2024. In the first half of 2025, the newly signed orders in the offshore wind power market reached 6GW. In the October 2025 bid for the 675MW wind power project by Huaian Power, Goldwind Science & Technology's share accounted for over 43%, demonstrating its strong competitiveness in offshore wind power project bidding. In addition, Goldwind Science & Technology is actively expanding into the offshore wind power market, planning to invest 6 billion RMB in establishing a wind power zero-carbon industry base in the Beibu Gulf, which will further enhance its competitiveness in the offshore wind power market. Goldwind Science & Technology's cumulative delivery of wind turbine towers has exceeded 3,000 units, serving over 240 wind power projects in 21 provinces nationwide, with a cumulative capacity delivery of over 15GW.