HK Stock Market Move | Goldwind Science & Technology (02208) has surged over 9%. Blue Arrow Aerospace's IPO progress is updated, and institutions are optimistic about the wind power sector in the second half of the year.

Goldwind Science & Technology (02208) rose more than 9%, reaching a 9.13% increase, at HK$10.64 with a trading volume of HK$279 million. On the news front, on June 29th, the Shanghai Stock Exchange website showed that Blue Arrow Aerospace updated its financial information submission, and the IPO review status on the Sci-Tech Innovation Board was restored to "questioned". On the same day, Blue Arrow Aerospace's WeChat official account announced that the Zhuque-3 rocket had successfully completed a static fire test using the reusable Y-2 launch vehicle in the Dongfeng Commercial Aerospace Innovation Test Area. The test team will continue with launch preparations as planned for upcoming flight test missions. It is reported that Goldwind Science & Technology holds a 4.14% stake in Blue Arrow Aerospace through its subsidiary. Sinolink believes that the wind power sector will perform well in the second half of the year, with resonating dimensions of performance, overseas orders, and bidding demand. Performance: the industry's installation pace has returned to a high after reaching a low, combined with a decrease in raw material prices and an increase in the proportion of high-priced wind turbine orders, expecting a turning point in sector performance in Q3; Overseas orders: the bank believes that the lower-than-expected European offshore wind orders in the first half of the year were mainly due to delays in project progress by owners, with demand logic still intact, expecting a surge in orders in the second half of the year; Bidding demand: looking at approved data, the scale of project approvals in various provinces in China from January to May remains at a good level, expecting a rebound in bidding demand in the second half of the year.