HK Stock Market Move | Goldwind Science & Technology (02208) rose over 5% as signals of a recovery in the domestic wind power market become increasingly strong, with volume and price restoration supporting industry beta upwards.

Goldwind Science & Technology (02208) rose over 5%, and as of the time of writing, it was up 5.23%, trading at HKD 10.26, with a transaction volume of HKD 153 million. On the news front, CITIC SEC believes that as project bidding and operational experience continue to accumulate, and with significant increases in mechanism electricity prices and power volume in certain provinces by 2027, expectations for project returns are likely to improve. The firm anticipates that from the second half of 2026, developers' enthusiasm for bidding and constructing new projects will see an enhancement. Currently, the wind power industry's expectations appear to have hit bottom, and performance lows are expected to become clearer with the release of mid-year reports in 2027. As industry recovery signals strengthen, it is recommended to pay attention to the opportunities for profit improvement and valuation recovery brought about by the increase in domestic wind power bidding and expedited construction. Huatai points out that Goldwind Science & Technology is the global leader in wind turbine manufacturing, with a solid position in the domestic onshore wind sector, and it is accelerating its expansion in offshore and overseas markets. The firm is optimistic about the recovery in wind power quantity and pricing supporting a positive industry beta, and the company will be the first to achieve profit recovery thanks to its early mover advantage overseas, with a significant alpha advantage. The company is proactively laying out green hydrogen ammonia projects, with advanced industrialization progress expected to contribute to long-term new volume. In recent years, the company's per-share dividend has gradually increased, and it has maintained an active buyback strategy, which is also expected to support value recovery.