Core Viewpoint - The latest brokerage "golden stocks" for December highlight a focus on sectors such as electronics, power equipment, pharmaceuticals, and food and beverage, with themes like domestic computing power, robotics, and consumer recovery gaining traction [2][9]. Group 1: Market Performance - In November, the A-share market exhibited a volatile pattern, with the Shanghai Composite Index declining by 1.67%, while the ChiNext Index and STAR Market Index fell by 4.23% and 6.24%, respectively [5]. - The top-performing "golden stock" in November was Shanghai Port Bay, recommended by Huatai Securities, which saw a monthly increase of 60.15% [6]. - Other notable performers included BlueFocus Media with a 45.99% increase and Yaxing Integration with a 43.57% rise, both recommended by different brokerages [6]. Group 2: December Golden Stocks - The December golden stock list shows a diverse allocation strategy, with significant attention on electronics, power equipment, pharmaceuticals, and food and beverage sectors [2][9]. - The electronics sector remains the most favored, with companies like Haiguang Information and Huadian Heavy Industries receiving multiple recommendations from different brokerages [11][12]. - In the power equipment sector, companies like Goldwind Technology and Ningde Times are highlighted for their strong order growth and competitive advantages [12]. Group 3: Investment Themes - The focus on robotics is increasing, with companies like Hengli Hydraulic and Kaidi Co. being recommended for their growth potential in the robotics space [16]. - In the pharmaceuticals sector, innovative companies such as Innovent Biologics and Kangfang Biologics are emphasized for their competitive global products [15]. - The consumer sector is also gaining traction, with companies like Midea Group and Alibaba being included in the recommendations due to their attractive dividend yields and growth prospects [14]. Group 4: Market Outlook - Brokerages generally maintain a bullish outlook for the market, expecting it to remain in a bull phase, although short-term fluctuations may occur [3][18]. - Analysts suggest that the market's focus should be on growth sectors, particularly technology and advanced manufacturing, while also considering defensive and consumer stocks in the short term [20][21].

Core Viewpoint - The A-share market experienced a volatile adjustment in November, with the Shanghai Composite Index falling by 1.67%, the Shenzhen Component Index by 2.95%, and the ChiNext Index by 4.23% [1] Group 1: Stock Recommendations - Multiple brokerages have released their investment portfolios for December, covering various sectors including finance, information technology, and consumer goods [1] - Notable stocks recommended by brokerages include Midea Group, which received recommendations from four brokerages, and Zhongji Xuchuang, which was recommended by three [3] - Other recommended stocks include Zhejiang Xiantong, Ganyuan Food, and Beijing Lier from Dongxing Securities; Huayou Cobalt, Zhongji Xuchuang, and China Petroleum from Everbright Securities; and Meituan, Delijia, and China Ping An from Guosen Securities [2] Group 2: Market Trends and Insights - Brokerages suggest that the A-share market may primarily experience a period of consolidation, with a focus on cyclical sectors, consumption, and manufacturing [5] - According to Xinyu Securities, the recovery of Chinese assets is supported by enhanced competitiveness, the release of new economic momentum, clear policy transformation, and stable economic fundamentals [6] - Shenyin Wanguo anticipates that the end-of-year policy window may validate the "policy bottom," supporting economic growth in 2026, with cyclical assets likely forming the basis for the spring market [6] - Suggestions for investment include focusing on high-dividend, low-volatility assets, and sectors such as basic chemicals and industrial technology [6]

（於中華人民共和國註冊成立的股份有限公司） （股份代號：02208） GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.* 金風科技股份有限公 司 出席公司將於2025年12月19日星期五緊隨臨時股東會及A股類別股東會議結束後，於中國北京經濟技術開發區博 興一路8號公司會議室舉行的H股類別股東會議（「H股類別股東會議」）或任何相關續會，並按以下指示代表本人╱ 吾等就H股類別股東會議通知所載的決議案投票。在無任何指示的情況下，受委任代表可自行酌情投票表決。 於2025年12月19日召開H股類別股東會議的代表委任表格 本人╱吾等1 地址為 為金風科技股份有限公司（「公司」） 股股份的登記持有人2 茲委任大會主席或3 為本人╱吾等的受委代表， ， | | 特別決議案 | 贊成4 | 反對4 | 棄權4 | | --- | --- | --- | --- | --- | | 1 | 審議並批准建議回購註銷部分A股限制性股票激勵計 | | | | | | 劃項下之限制性股票。 | | | | | 2 | 審議並批准變更註冊資本及建議修訂公司章程。 | | | | 日期 簽名 附註： 1. 請用正 ...

金風科技股份有限公 司 本人╱吾等1 地址為 為金風科技股份有限公司（「公司」） 股股份的登記持有人2 茲委任大會主席或3 為本人╱吾等的受委代表， 出席公司將於2025年12月19日星期五下午2:50，於中國北京經濟技術開發區博興一路8號公司會議室舉行的臨時 股東會（「臨時股東會」）或任何相關續會，並按以下指示代表本人╱吾等就臨時股東會通知所載的決議案投票。在 無任何指示的情況下，受委任代表可自行酌情投票表決。 | | 特別決議案 | 贊成4 | 反對4 | 棄權4 | | --- | --- | --- | --- | --- | | 1 | 審議並批准建議回購註銷部分A股限制性股票激勵計 劃項下之限制性股票。 | | | | | 2 | 審議並批准變更註冊資本及建議修訂公司章程。 | | | | | | 普通決議案 | 贊成4 | 反對4 | 棄權4 | | 3 | 審議並批准關於申請2026年度日常關聯交易（A股）預 計額度的議案。 | | | | （於中華人民共和國註冊成立的股份有限公司） （股份代號：02208） GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.* 於20 ...

股票代码：002202 股票简称：金风科技 公告编号：2025-105 金风科技股份有限公司 关于召开 2025 年第三次临时股东会及 2025 年第三次 A 股类 别股东会议、2025 年第三次 H 股类别股东会议的通知 公司 A 股股东可通过现场或委托投票，也可以通过网络进行投 票。公司 A 股股东投票表决时，同一股东账户只能选择现场投票或 网络投票中的一种，不能重复投票。如果同一股东账户通过现场及网 络重复投票，以第一次投票为准。 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 金风科技第九届董事会第八次会议决议召开公司 2025 年第三次 临时股东会及 2025 年第三次 A 股类别股东会议、2025 年第三次 H 股类别股东会议（H 股类别股东会议通知参见公司 H 股公告），会议 采取现场投票与网络投票相结合的方式召开，现将有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会及 2025 年第三次 A 股类别股东会议、2025 年第三次 H 股类别股东会议 2、股东会的召集人：董事会 3、会议召开的合法、合规性：本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通知的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通知全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.* 金風科技股份有限公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02208） 臨時股東會通知 茲公告金風科技股份有限公司（「公司」）謹定於2025年12月19日星期五下午2:50， 於中國北京經濟技術開發區博興一路8號公司會議室舉行臨時股東會（「臨時股東 會」），以審議並酌情批准下列事項。除非另有所指，本通知所用詞彙與公司日期為 2025年11月28日之通函所界定者具有相同涵義。 特別決議案： * 僅供識別 1 馬金儒 2025年11月28日 附註： 2 1. 每位有權出席臨時股東會並於會上投票的股東，有權委派受託代表代表其本人出席臨時股東 會及投票。受託代表毋須為公司股東。股東的受託代表可以以投票方式進行表決。股東應就其 擁有的每股股份擁有一票。 2. 公司將於2025年12月15日星期一至2025年12月1 ...

此乃要件 請即處理 閣下如對本通函之任何內容或應採取之行動有任何疑問，應諮詢 閣下之股票經紀人或持牌 證券交易商、銀行經理、律師、會計師或其他專業顧問。 閣下如已將名下之金風科技股份有限公司股份全部售出或轉讓，應立即將本通函連同隨附 之代表委任表格送交買主或承讓人或經手買賣或轉讓之銀行、股票經紀人或其他代理商，以 便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部份內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 (1) 建議回購註銷部分A股限制性 股票激勵計劃項下之限制性股票 (2) 變更註冊資本及 建議修訂公司章程 及 (3) 臨時股東會通知及 H股類別股東會議通知 茲公告金風科技股份有限公司謹定於2025年12月19日星期五下午2:50，於中國北京經濟技術 開發區博興一路8號公司會議室舉行臨時股東會、A股類別股東會議及H股類別股東會議，臨 時股東會及H股類別股東會議通知載於本通函第8至11頁。A股類別股東會議的資料請參閱公 司登載於巨潮資訊網(www.cninfo.com.c ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Insights - The company reported a revenue of approximately 48.1 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 34%, and a net profit attributable to shareholders of approximately 2.6 billion yuan, up 44% year-on-year. In Q3 2025 alone, the revenue was about 19.6 billion yuan, a 25% increase year-on-year, with a net profit of approximately 1.1 billion yuan, reflecting a significant 171% year-on-year growth [2][4] Summary by Relevant Sections Revenue Performance - In Q3 2025, the company achieved wind turbine sales of approximately 7.8 GW, a 71% increase year-on-year. The breakdown of sales includes 0.6 GW in the 4-6 MW range (7.7% of total) and 7.2 GW in the 6 MW and above category (92.3% of total) [12] - The company had no new power station transfers in Q3, with an added grid capacity of about 0.04 GW, and a total self-operated wind farm capacity of approximately 8.7 GW [12] Profitability Metrics - The gross profit margin for Q3 was approximately 13.0%, a decrease of 1.1 percentage points year-on-year, primarily due to increased land wind turbine sales. The expense ratio for Q3 was about 9.2%, down 4.0 percentage points year-on-year, attributed to the dilution effect from increased revenue [12] - The net profit margin for Q3 was approximately 5.9%, showing an improvement year-on-year [12] Order Backlog and Financial Position - As of September 2025, the company had an order backlog of 52.5 GW, with 7.2 GW from overseas orders. The external orders totaled 49.9 GW, with 11.0 GW in bids not yet signed and 38.9 GW in signed contracts awaiting execution [12] - The company reported inventory and contract liabilities of approximately 21.7 billion yuan and 19.9 billion yuan, respectively, both at historical highs, which is expected to support future delivery performance [12] Industry Context - In the first three quarters of 2025, domestic wind turbine public bidding was approximately 102.1 GW, a 14% year-on-year decrease. The average bidding price for wind turbines in Q3 was above 1,500 yuan/KW, reaching 1,610 yuan/KW in September [12] - The company anticipates that stabilized bidding prices and increased overseas orders will support future delivery performance and profitability recovery [12]

Core Viewpoint - The event "Investing in New Opportunities in China" organized by the Shenzhen Stock Exchange in Australia showcased six representative listed companies from Shenzhen, focusing on green low-carbon and high-end manufacturing sectors, attracting significant interest from Australian investment institutions [1] Group 1: Event Overview - The event took place on November 26 and featured six companies: Tianqi Lithium, Goldwind Technology, Xinwanda, Magpow, Shenghong Technology, and Luxshare Precision [1] - Nearly 70 representatives from major Australian pension funds and well-known asset management companies attended the roadshow [1] Group 2: Investor Insights - Attendees expressed that face-to-face communication with company executives provided a clearer understanding of the companies' operational status, strategic layout, technological innovation, and international competitiveness [1] - There is a positive outlook on the long-term development prospects and investment value of Shenzhen-listed companies amid a new round of technological revolution and industrial transformation [1]

Core Insights - The event organized by Shenzhen Stock Exchange in Australia aimed to showcase the investment opportunities in Chinese companies, particularly in technology innovation and high-quality economic development during the 14th Five-Year Plan period [1] Group 1: Company Participation and Focus Areas - Six representative companies from Shenzhen Stock Exchange participated in the roadshow, focusing on green low-carbon and high-end manufacturing sectors [1] - Companies like Tianqi Lithium, Goldwind Technology, and Xinwanda highlighted their technological breakthroughs and R&D efforts to attract investor interest [2] Group 2: ESG Practices and Recognition - The participating companies demonstrated improved ESG ratings, reflecting their commitment to sustainable development and attracting long-term investors [3] - Goldwind Technology and Tianqi Lithium have set clear carbon neutrality goals, while Xinwanda is advancing digital platforms for battery sustainability [3] Group 3: Alignment with Local Industry - The roadshow aligned well with Australia's focus on clean energy transition, with companies like Tianqi Lithium and Goldwind Technology directly engaging with local renewable energy initiatives [4][5] - The technological capabilities of the participating companies and their integration with local industries received high praise from investors [5]