Movement Alert|Goldwind Technology Falls 3.06% in Regular Trading, Green Power Sector Extends Deep Correction as Wind Industry Profitability Concerns Persist

Market Focus05-29

On May 29, Goldwind Technology fell 3.06% in regular trading, trading at 13.68 HKD/share, with trading volume of approximately 59.62 million HKD.

On the news front, the green power sector has extended its deep correction since May 14. Taiwan-based offshore wind company SenWei Energy is facing delisting due to massive project losses, triggering widespread concerns over wind power industry profitability and sustained sector-wide selling pressure. Although Goldwind previously announced a share buyback plan of 300 to 500 million yuan for A-share cancellation, the move has failed to reverse the downtrend. Additionally, potential future stake reduction by major shareholder China Three Gorges New Energy continues to weigh on market sentiment.

Within the Heavy Electrical Equipment sector, stocks are broadly under pressure. Among peers, Dongfang Electric fell 4.91%, Harbin Electric fell 6.89%, Shanghai Electric fell 2.52%, Guoxia Technology fell 3.44%, while VPower Group rose 16.0%.

(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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