致：香港交易及結算所有限公司 公司名稱: 中國高速傳動設備集團有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00658 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | USD | | 0.01 | USD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,000,000,000 | USD | | 0.01 | USD | | 30,000,000 | 本月底法定/註冊股本總額： USD 30,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上 ...

Group 1 - Wind power stocks collectively rose, with notable increases: Goldwind Technology up 4.57% to 13.970, Longyuan Power up 4.45% to 8.220, and Jingneng Clean Energy up 3.72% to 2.510 [1] - From January to August, China's newly installed wind power capacity reached 57.84 GW, an increase of 24.24 GW year-on-year [1] - According to Wood Mackenzie, global wind power capacity is expected to reach a record high of 170 GW in 2025, with annual additions exceeding 170 GW over the next five years, peaking at 200 GW by 2034 [1] Group 2 - Ping An Securities reported the commencement of a 1 million kW wind power project in Ningxia Huadian, indicating a shift from older 1.5 MW units to larger capacities, which suggests significant potential for demand growth in land-based wind power [2]

Core Viewpoint - Wind power stocks in Hong Kong experienced a collective rise on September 29, with notable increases in share prices for several companies in the sector [1] Company Summaries - China High-Speed Transmission (00658.HK) saw a share price increase of 5.17%, reaching HKD 1.83 [1] - Longyuan Power (00916.HK) reported a 4.57% rise in share price, reaching HKD 8.23 [1] - Goldwind Technology (02208.HK) experienced a 4.12% increase, with shares priced at HKD 13.91 [1]

Group 1 - Wind power stocks collectively rose, with China High-Speed Transmission up 5.17% to HKD 1.83, Longyuan Power up 4.57% to HKD 8.23, and Goldwind Technology up 4.12% to HKD 13.91 [1] - From January to August, China's newly installed wind power generation capacity reached 57.84 GW, an increase of 24.24 GW year-on-year [1] - According to Wood Mackenzie, global new wind power installations are expected to reach 170 GW in 2025, setting a historical record, with average annual new installations exceeding 170 GW over the next five years [1] Group 2 - The "large replaces small" wind power project in Ningxia Huadian has commenced, indicating a shift from older 1.5 MW models to larger capacities, which suggests significant potential for demand growth in onshore wind power [1] - The historical dominance of the 1.5 MW model in China's wind power market creates substantial room for replacement and capacity enhancement under the "large replaces small" strategy [1]

Group 1 - Wind power stocks collectively rose, with China High-Speed Transmission (00658) up 5.17% to HKD 1.83, Longyuan Power (00916) up 4.57% to HKD 8.23, and Goldwind Technology (02208) up 4.12% to HKD 13.91 [1] - According to the National Energy Administration, from January to August, the newly installed wind power capacity in China reached 57.84 GW, an increase of 24.24 GW year-on-year [1] - A report by Wood Mackenzie forecasts that global wind power installations will reach 170 GW in 2025, setting a historical record, with an average annual increase exceeding 170 GW over the next five years, peaking at 200 GW by 2034 [1] Group 2 - Ping An Securities noted the commencement of the "large replaces small" 1 million kW wind power project by Ningxia Huadian in Haichuan County, indicating a shift from older 1.5 MW models to larger capacities [1] - The transition from older 1.5 MW models, which have historically been dominant in the domestic market, presents significant opportunities for capacity replacement and growth in land-based wind demand [1]

Core Viewpoint - The wind power sector in Hong Kong is experiencing a significant upward trend, driven by favorable policies, installation growth, technological advancements, and expansion into overseas markets, indicating a robust development momentum in the industry [1]. Group 1: Stock Performance - Longyuan Power has seen a 6% increase, reaching a new high with four consecutive days of gains [2]. - Goldwind Technology has risen over 5% [2]. - China High-Speed Transmission has increased by 4.6% [2]. - Datang New Energy has grown nearly 2% [2]. - Xintian Green Energy has seen an approximate 1% rise [2]. Group 2: Industry Growth Indicators - The wind power industry has recently received a series of positive news, including policy support, explosive installation data, and significant technological breakthroughs [1]. - From January to August 2025, the national wind power new installed capacity surged by 2424% year-on-year [1]. - As of the end of August, the cumulative installed capacity has increased by 22.1% year-on-year [1]. Group 3: Future Outlook - The industry is entering a new phase of high prosperity, supported by the "dual carbon" goals, with strong growth in domestic installation data, policy support for deep-sea wind power, major breakthroughs in core technologies, and rapid expansion into overseas markets [1].

Core Viewpoint - The wind power sector in Hong Kong continues to experience an upward trend, driven by a series of favorable developments including policy support, installation growth, technological advancements, and overseas market expansion, indicating a strong growth momentum in the industry [1] Group 1: Stock Performance - Longyuan Power has seen a 6% increase, reaching a new high and marking four consecutive days of gains [1] - Goldwind Technology has risen over 5% [1] - China High-Speed Transmission has increased by 4.6% [1] - Datang New Energy has grown nearly 2% [1] - Xintian Green Energy has seen an approximate 1% rise [1] Group 2: Industry Developments - The wind power industry has experienced explosive growth in installation data, with a year-on-year increase of 2424% in new installations from January to August 2025 [1] - As of the end of August, the cumulative installed capacity has grown by 22.1% year-on-year [1] - The industry is entering a new phase of high prosperity, supported by domestic installation data, policy backing for deep-sea wind power, significant breakthroughs in core technologies, and rapid expansion into overseas markets [1]

Group 1 - Wind power stocks in Hong Kong rose against the market trend, with increases of over 7%, 5%, and nearly 5% among various companies [1] - Morgan Stanley upgraded the rating of the Chinese wind power industry, suggesting that the sector may experience a recovery following efforts to combat internal competition [2] - The report indicates that after a challenging period from 2022 to 2024, the Chinese wind power industry successfully reversed the trend of vicious competition through self-regulation [3] Group 2 - Morgan Stanley forecasts that during the "14th Five-Year Plan" period, the average annual new installed capacity will exceed 110 GW, potentially reaching around 120 GW between 2028 and 2030 [3] - The investment opportunities are particularly favorable for key component suppliers and submarine cable companies within the wind power value chain [2]

Core Viewpoint - Morgan Stanley upgraded the rating of the Chinese wind power industry, suggesting that the sector may experience a recovery following efforts to combat internal competition [1] Group 1: Market Performance - Wind power stocks rose in early trading, with notable increases: Goldwind Technology (002202) up 7.64% to HKD 13.81, Datang New Energy (01798) up 6.11% to HKD 2.78, and China High-Speed Transmission (00658) up 5.45% to HKD 1.74 [1] - Longyuan Power (001289) also saw a rise of 5.56%, reaching HKD 8.17 [1] Group 2: Industry Outlook - Morgan Stanley indicated that after nearly three years of a downturn, the Chinese wind power value chain has successfully achieved self-regulation, reversing the trend of unhealthy competition [1] - The firm expects domestic wind power installation demand to remain resilient, with a positive outlook for key component suppliers and submarine cable companies [1] - The report forecasts that during the 14th Five-Year Plan period, the average annual new installed capacity will exceed 110 GW, potentially reaching around 120 GW during 2028-2030 [1]

Core Viewpoint - Morgan Stanley upgraded the rating of China's wind power industry, suggesting that the sector may experience a recovery following efforts to combat internal competition [1] Group 1: Market Performance - Wind power stocks rose in early trading, with Goldwind Technology (02208) up 7.64% at HKD 13.81, Datang New Energy (01798) up 6.11% at HKD 2.78, China High-Speed Transmission (00658) up 5.45% at HKD 1.74, and Longyuan Power (00916) up 5.56% at HKD 8.17 [1] Group 2: Industry Outlook - After nearly three years of a downturn, the Chinese wind power value chain has successfully achieved self-regulation, reversing the trend of unhealthy competition [1] - Morgan Stanley expects domestic wind power installation demand to remain resilient, with key component suppliers and submarine cable companies presenting investment opportunities [1] - The report indicates that during the 14th Five-Year Plan period, the average annual new installed capacity will exceed 110 GW, potentially reaching around 120 GW during 2028-2030 [1]