Goldwind Technology (02208) rose nearly 5% before noon. As of the time of writing, the stock was up 4.49%, trading at HK$14.65, with a turnover of HK$249 million. According to the company's annual report, full-year revenue reached RMB 73.023 billion, a year-on-year increase of 28.79%. Net profit attributable to shareholders was RMB 2.774 billion, up 49.12% compared to the previous year. In 2025, Goldwind Technology secured the top position among domestic offshore wind turbine manufacturers for the first time, with an installed capacity of 2.089 gigawatts and a market share of 37.9% in new domestic offshore wind installations. In overseas markets, the company's international business generated sales revenue of RMB 18.082 billion in 2025, a year-on-year increase of 50.59%, accounting for 24.76% of total revenue. Industrial Securities noted that, according to Polaris Wind Power Network, 17 offshore wind projects were approved in the first quarter of 2026, with a total installed capacity of 6,615.8 megawatts and total investment exceeding RMB 72.33 billion. These projects are concentrated in Jiangsu, Zhejiang, Fujian, and Guangdong provinces. As of April 8, the total installed capacity of key offshore wind projects under construction in China reached 61.4 gigawatts. Against the backdrop of dual carbon goals and the release of Document No. 136, domestic offshore wind demand remains strong and is expected to grow further during the 15th Five-Year Plan period.