On July 10, Goldwind Technology (02208.HK) rose 5.02% in regular trading, reaching HKD 10.21/share, with turnover of HKD 66.43 million. The stock rebounded sharply following consecutive sessions of adjustment earlier in the week.
On the news front, the heavy electrical equipment sector staged a collective rebound, with Dongfang Electric up 5.25%, Harbin Electric up 3.3%, and Shanghai Electric up 2.76%, as the sector recovered from prior sustained selling pressure. The rebound was further supported by the company's robust Q1 fundamentals — revenue surged 63.48% year-over-year to RMB 15.49 billion, while net profit attributable to shareholders climbed 59.65% YoY to RMB 907 million.
Additionally, the green methanol transformation narrative continued to gain traction. The company recently announced its Xing'an League green hydrogen-to-methanol project achieved full process integration and successfully produced green methanol, marking a strategic milestone in extending its business from wind equipment manufacturing into green fuel production. The company holds over 750,000 tonnes of green methanol orders in hand, with long-term supply agreements signed with major international shipping companies.
(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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