HK Stock Market Move | Goldwind Science & Technology (02208) rises over 4% against the market trend, the company releases new generation Ultra series wind power products.

Goldwind Science & Technology (02208) rose more than 4% against the market, rising by 4.38% to HK$13.59 as of press time, with a turnover of HK$136 million. On the news front, on October 21, according to the official public account of Goldwind Science & Technology, Goldwind Science & Technology officially launched the new generation Ultra series wind power product lineup. The new Ultra series products cover all scenarios on sea and land. The GWH204-Ultra series models have improved generation performance by 2% compared to the 242-meter blade units of the same power, and the generation capacity is equal to that of the 300-meter blade units of the same power. The new generation Ultra series products have an extended design life of 25 years for onshore models and 30 years for offshore models. Nomura released a report indicating that as a leading global wind turbine manufacturer, Goldwind Science & Technology could benefit from strong order backlog deliveries in 2025-2026, as well as the gradual recovery of wind turbine prices and profit margins driven by easing market competition, increased contributions from offshore wind power and export sales. The bank also expects new growth drivers for Goldwind Science & Technology, including green methanol, to make long-term contributions; and predicts a compound annual growth rate of 41% in profits for the company from 2024 to 2027.