GOLDWIND (02208) surged over 6% again, and as of press time, the stock was up 4.99% to HK$13.47, with a trading volume of HK$144 million.

On the news front, GOLDWIND recently announced plans to develop a 3GW wind-hydrogen-ammonia-alcohol integrated project in Wulatezhongqi, signing an investment agreement and commencing declaration work. The project has a total investment of approximately 18.92 billion yuan and plans to build 3GW of wind power capacity, with over 80% of the generated electricity used for electrolytic hydrogen production to create green hydrogen. Through biomass gasification coupled with green hydrogen, the project will produce 600,000 tons of green methanol per year and 400,000 tons of green ammonia per year.

Ping An Securities noted that the hydrogen-ammonia-alcohol business is essentially an extension of the power station business. Under the implementation of Document No. 136, the market was once concerned about the development prospects of wind turbine companies' power station businesses. However, with policy-level support for green liquid fuels and increased investment by wind turbine companies in hydrogen-ammonia-alcohol projects, the potential for wind turbine companies' power station businesses has expanded.

The firm believes that wind turbine companies are currently facing a triple resonance: an upward turning point in profitability for domestic wind turbine manufacturing businesses, imminent performance realization from overseas expansion, and incremental growth in power station businesses through hydrogen-ammonia-alcohol development. They are optimistic about investment opportunities in wind power equipment manufacturers.