JPMorgan published a research report stating that GOLDWIND (02208) delivered first-half results that exceeded expectations, with the core wind turbine business achieving a gross margin of 8%, surpassing management's full-year guidance of 7% and the bank's previous forecast of 6.4%. While wind farm operations and asset disposal gains fell short of expectations, the bank believes the market has developed a comprehensive understanding of the challenges facing the wind farm business. The bank has raised its earnings forecasts for 2025-2027 by 3% to 7% and increased the H-share target price by 34% to HK$10.3, while raising the A-share target price for Goldwind Science&Technology Co.,Ltd. (002202.SZ) by 29% to RMB 14.6. The H-share rating has been downgraded from "overweight" to "neutral," while the bank reiterated its "overweight" rating for the A-shares.