Changes in Hong Kong stocks | Goldwind Technology (02208) rose by nearly 5%, domestic fan tender prices rebounded, institutions are optimistic about wind power plant profitability restoration

The Zhitong Finance App learned that Goldwind Technology (02208) rose nearly 5%. As of press release, it had risen 4.47% to HK$13.79, with a turnover of HK$756.629 million.

According to the news, the Zheshang Securities Research Report pointed out that according to Fengmang Energy, the total number of tenders for wind power units in 2025Q1-Q3 reached 127.3GW, an increase of 16% over the previous year. The recovery in tender prices combined with the expansion of export scale pushed the gross margin of wind power units back to the upward channel. The fan process usually takes 4-8 quarters from winning the bid to confirming receipt. This year's Q3-Q4 is an important window for observing profit recovery. At the same time, along with the rapid increase in the export capacity of machine manufacturers, it is expected to further increase profitability. According to Fengmang Energy statistics, Chinese OEM won the bid for 34.3 GW of overseas orders in 2024, reaching 19.28 GW in the first three quarters of 2025.

Guoxin Securities said that looking ahead to 2026, new domestic wind power installations are expected to maintain 10%-20% growth, and order saturation prices are well supported. Engine profits increased quarterly, export volumes boosted performance, and the domestic and foreign economy showed a resonance trend. Parts are expected to achieve a “steady increase in volume and price” in 2026, and long-term growth is worth looking forward to. Against the backdrop of a significant year-on-year increase in sea wind installations and tenders, companies involved in the submarine cable and pipe pile industry are expected to resonate with orders and performance.