Goldwind Shares Surge Over 5% Again as Annual Wind Installations Hit 130GW and Turbine Prices Show Signs of Recovery

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Goldwind (02208) rose more than 5% again, climbing 5.49% to HK$15.56 by the time of writing, with a turnover of HK$431 million. In 2025, China's newly installed wind power capacity reached 130 gigawatts, representing a 49.9% year-on-year increase. Goldwind ranked first with new installations of 25.9 gigawatts. Regarding pricing, the trend of reducing excessive competition in the wind power sector is improving. Wind turbine bidding prices are fluctuating upward, and with stable demand supported by ample tender volumes, turbine prices are expected to continue a slight recovery in 2026. Additionally, LandSpace recently announced that China's reusable rocket, the Zhuque-3, plans to conduct another recovery test in the second quarter of this year and aims for its first recovery and reuse flight in the fourth quarter, depending on test outcomes. Furthermore, the Shanghai Stock Exchange website shows that LandSpace's IPO application for the STAR Market has been updated to "under inquiry." Goldwind holds a stake in LandSpace through one of its platforms, with an ownership ratio of approximately 4.14%.

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