HK Stock Market Move | Goldwind Science & Technology (02208) falls more than 8% as the company holds a partial stake in Blue Arrow Aerospace, which is accounted for as other non-current financial assets.

Goldwind Science & Technology (02208) rose over 13% yesterday, but fell more than 8% in early trading today. As of the time of writing, it was down 8.62% at 13.88 Hong Kong dollars, with a trading volume of 657 million Hong Kong dollars. In terms of news, Goldwind Science & Technology announced that there was abnormal volatility in the trading of its A-shares. The company stated that there was no need to correct or supplement the information disclosed earlier, and that there have been no major changes in the company's operations or internal and external operating environment recently. The company has no controlling shareholders or actual controllers, and there are no significant undisclosed matters or major matters in the planning stage that should be disclosed. The company's largest shareholder did not buy or sell the company's stock during the abnormal trading period. It is reported that Goldwind Science & Technology holds a portion of Blue Arrow Aerospace's equity as part of its non-current financial assets. Blue Arrow Aerospace is one of the earliest privately-owned commercial rocket companies in China, and the first privately-owned company in China to successfully launch a liquid oxygen methane rocket. EB Securities stated that Goldwind Science & Technology's short-term stock price rose rapidly due to the commercial space industry, but market expectations for its hydrogen ammonia logic are still relatively low, and further attention can be focused on this in the future.