On July 7, Goldwind Technology fell 5.06% in regular trading, trading at HKD 10.3/share, with turnover of HKD 130 million.
The decline was primarily driven by broad-based weakness across the Heavy Electrical Equipment sector, compounded by profit-taking following significant prior gains. Within the sector, Dongfang Electric fell 4.91%, Harbin Electric dropped 6.67%, Shanghai Electric declined 4.86%, and Dajin fell 4.19%. The sector-wide pullback followed a sharp rally in the previous session, during which Dongfang Electric had surged over 12% and Harbin Electric gained over 8%.
For Goldwind specifically, the stock had recorded a daily-limit gain on June 30 after major order wins and positive policy catalysts, pushing its A-share market capitalization above RMB 100 billion. However, short-term profit-taking pressure has intensified since then, with the stock already retreating 4.66% on July 2. The current pullback reflects continued unwinding of leveraged short-term positions accumulated during the late-June rally.
(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.)
Comments