Movement Alert|Goldwind Technology Falls 3.26% in Regular Trading, Green Power Sector Extends Deep Correction as Heavy Electrical Equipment Stocks Face Broad Pressure

Market Focus06-02

On June 2, Goldwind Technology fell 3.26% in regular trading, trading at 13.17 HKD/share, with trading volume of approximately 79.20 million HKD. The decline reflects continued selling pressure as the green power sector extends a deep correction that began on May 14.

On the news front, Taiwan-based offshore wind company Senwei Energy is facing delisting due to massive project losses, triggering broader concerns over wind power industry profitability and sustained sector-wide selling. Although the company executed its first A-share and H-share buyback on May 29 — repurchasing 5.67 million A-shares for 133.4 million yuan and 1.5 million H-shares for 20.62 million HKD — the move has failed to reverse the downtrend. The overhang from major shareholder China Three Gorges New Energy potentially reducing its stake within the next 3 to 6 months continues to weigh on market sentiment.

Within the Heavy Electrical Equipment sector, DONGFANG ELEC fell 5.02%, HARBIN ELECTRIC fell 4.61%, SH ELECTRIC fell 2.34%, VPOWER GROUP fell 0.91%, and GUOXIA TECH fell 0.60%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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