HK Stock Market Move | Goldwind Science & Technology (02208) rose more than 5% in the afternoon. The company recently signed a contract for a 3GW wind power project in Saudi Arabia, accelerating its breakthrough in overseas markets.

Goldwind Science & Technology (02208) rose by over 5% in the afternoon, reaching a 4.32% increase at the time of writing, at HK$13.75, with a trading volume of HK$2.04 billion. On the news front, recently, Goldwind Science & Technology successfully signed an agreement for the Saudi PIF5 wind power project, providing a full lifecycle solution from equipment to operation and maintenance for a total capacity of 3GW wind power project. In terms of scale, the PIF5 wind power project is the largest onshore wind power project under construction globally. It is expected to generate an annual electricity volume of 11.3 billion kilowatt-hours once completed, equivalent to 2.4% of Saudi Arabia's national electricity generation in 2024. In addition, Goldwind Science & Technology recently announced its performance for the first three quarters of 2025, with operating income of approximately RMB 48.147 billion, a year-on-year increase of 34.34%; net profit attributable to shareholders of the listed company was approximately RMB 2.584 billion, a year-on-year increase of 44.21%. Huatai stated that they are bullish on the simultaneous rise in domestic wind power prices, coupled with accelerated offshore expansion, driving continuous profit recovery for wind turbines. Station transfers and green alcohol are expected to contribute to performance enhancement. The company's global leading position in wind turbines remains solid, with accelerated breakthroughs in overseas markets and leading progress in green alcohol business. They maintain an "increase/ buy" rating on A/H shares.