Goldwind (02208) rose more than 9% in early trading, reaching a 6.7% gain at press time to HK$13.86, with a turnover of HK$364 million.

The surge follows the release of the "Beijing Wind Energy Declaration 2.0" at the Beijing International Wind Energy Conference on October 20. The declaration proposes an annual new installed capacity of no less than 120GW during the 15th Five-Year Plan period (2026-2030), including at least 15GW from offshore wind power, targeting a cumulative installed capacity of 1,300GW by 2030.

Guotai Junan Securities noted that the average annual wind power installation capacity during the 15th Five-Year Plan is expected to double compared to the 14th Five-Year Plan, signaling strong growth prospects for the wind power sector.

Additionally, Goldwind reported its Q1-Q3 2025 financial results, with revenue reaching approximately RMB48.147 billion, up 34.34% year-on-year. Net profit attributable to shareholders rose 44.21% to RMB2.584 billion, with basic earnings per share at RMB0.5969.

The company attributed the revenue growth to increased sales of wind turbines and components, while the profit increase was driven by higher gross profit and fair value gains, partially offset by reduced investment income.