JPMorgan has revised its profit forecasts for Goldwind Science & Technology Co., Ltd. (02208), lowering projections for 2025 to 2027 by 7% to 23%. The adjustment follows the absence of a positive profit alert by the end of January, suggesting that net profit growth for the previous year likely remained below 50%. Despite the downward revision in earnings estimates, the firm increased its H-share target price from HK$12 to HK$14, maintaining a "Neutral" rating.

The report notes rapidly growing investor interest in China’s commercial aerospace sector, partly driven by Blue Arrow Aerospace’s planned IPO application by the end of 2025. Goldwind, which holds a 4.14% stake in Blue Arrow Aerospace, has seen its asset value reassessed. However, market reactions have varied significantly across listed entities: since November 1, 2025, Goldwind’s market capitalization has risen by more than RMB 30 billion, yet its H-share price has remained largely flat. This indicates that the share price increase has been primarily driven by A-shore performance, while H-share investors continue to exhibit caution.