宏德股份（301163.SZ）2月9日在投资者互动平台表示，公司目前向金风科技提供的产品应用区域均为 国内市场，欧盟相关调查对公司无直接影响。 ...

Group 1 - The power industry is expected to achieve high-quality development as it enters a year of comprehensive marketization, driven by the "dual carbon" strategy and accelerated reforms in the electricity system [3][7][8] - The electricity market reform is set to fully unfold in the 15th Five-Year Plan, with significant policies introduced in the final year of the 14th Five-Year Plan that will have far-reaching impacts [3][11][12] - The core idea of the electricity reform is to reflect the different values of power sources (energy value, capacity value, adjustment value, and clean value) in market pricing, which has been historically dominated by energy value due to the predominance of coal power [8][10] Group 2 - The reform is expected to accelerate the construction of ultra-high voltage (UHV) and distribution networks, with UHV construction likely to speed up again as green electricity demand rises [3][16][24] - The investment in distribution networks has been low, with a continuous decline in the investment ratio, but this is expected to change as the demand for reliable power supply increases [28][34][41] - The introduction of capacity pricing for UHV and distribution networks is anticipated to stabilize project returns and promote the development of related projects [26][41] Group 3 - The surge in AI investments is projected to significantly increase electricity demand in the U.S., with OpenAI planning to deploy over 250GW of computing power by 2033, which could lead to a substantial electricity shortfall [45][49] - The U.S. electricity demand has been stagnant, but projections indicate that by 2030, peak load could approach 1000GW, driven largely by data centers [49][51] - The anticipated increase in electricity demand from AI investments presents a significant opportunity for companies involved in power generation and distribution [45][49] Group 4 - The profitability of wind turbine manufacturers is expected to improve, with domestic companies accelerating their international expansion as domestic bidding volumes remain high and prices trend upward [3][4] - Companies such as Goldwind Technology, Yunda Co., Mingyang Smart Energy, and Sany Heavy Industry are recommended for investment due to their competitive advantages in cost and market position [3][4]

Investment Rating - The report maintains an "Outperform" rating for the power equipment and new energy industry [1]. Core Insights - The global sales of new energy vehicles are expected to maintain rapid growth by 2026, driving demand for batteries and materials [1]. - Recent fluctuations in material prices for power batteries warrant attention to the pricing situation along the supply chain [1]. - Solid-state batteries are entering a critical phase of engineering validation, with a focus on related materials and equipment companies [1]. - In the photovoltaic sector, "anti-involution" and "space photovoltaics" are identified as the two main investment themes for 2026, with increased demand for photovoltaic equipment [1]. - The domestic market is seeing a rise in high-power component demand, with downstream battery components relying on efficiency improvements for market clearing [1]. - Wind power demand is expected to continue growing, with recommendations to focus on wind turbines and offshore wind power [1]. - The energy storage sector remains highly prosperous, with a recommendation to pay attention to energy storage cells and large-scale integrated plants [1]. - Hydrogen energy is anticipated to open up demand for green hydrogen, with a focus on downstream hydrogen-based energy applications [1]. - Nuclear fusion is seen as a long-term catalyst for energy development, with recommendations to focus on core suppliers in the nuclear fusion power sector [1]. Summary by Sections Industry Performance - The power equipment and new energy sector rose by 2.2%, outperforming the Shanghai Composite Index, which fell by 1.27% [10]. - The photovoltaic sector saw the highest increase at 3.43%, while the wind power sector experienced a slight decline of 0.01% [13]. Key Industry Information - The China Passenger Car Association estimates that 900,000 new energy vehicles will be wholesaled in January 2026, a 1% year-on-year increase [27]. - Changan Automobile and CATL announced the global launch of the first sodium battery mass-produced passenger vehicle, expected to be available by mid-2026 [27]. - Tesla has achieved large-scale production of dry electrode technology [27]. - The domestic energy storage tender for January 2026 reached 36.3 GWh, with notable bidding scales in Ningxia, Hebei, and Xinjiang [27]. Company Developments - Foster is collaborating with professional institutions to invest in a private equity fund focused on flexible thin-film gallium arsenide battery companies [29]. - Guoxuan High-Tech plans to raise up to 5 billion yuan through a private placement for a 20 GWh power battery project [29]. - TCL Zhonghuan's subsidiary Maxeon Solar signed a patent licensing agreement with Aisuo, with a five-year licensing fee of 1.65 billion yuan [29].

证券日报网讯2月6日，金风科技（002202）在互动平台回答投资者提问时表示，公司已于2026年1月6日 回购H股股份10000股，目前仍处于回购实施期内，并将按法规要求及时披露进展。 ...

Core Viewpoint - The company, Goldwind Technology, has announced its cooperation with the European Commission regarding an investigation initiated under the Foreign Subsidies Regulation, emphasizing its commitment to compliance in global operations [1]. Group 1: Company Response - On February 4, Goldwind Technology published a statement on its official website regarding the investigation by the European Commission [1]. - The company is actively cooperating with the relevant institutions of the European Union in the investigation process [1]. - Goldwind Technology prioritizes compliance as a core aspect of its global operations [1]. Group 2: Operational Status - The company is conducting its business normally in the European market, with operations proceeding in an orderly manner [1]. - Goldwind Technology asserts that there is no undisclosed information that should have been disclosed [1].

格隆汇2月6日丨根据联交所最新权益披露资料显示，2026年2月2日，金风科技(02208.HK)获JPMorgan Chase & Co.以每股均价14.2234港元增持好仓184.57万 股，涉资约2625.27万港元。 | 表格序號 | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日 | | --- | --- | --- | --- | --- | --- | --- | | | | 三大 | 份數目 | | | (請參閱上述*註解)有投票權殺(日/月/年 | | | | | | | | 分自分比 | | CS20260205E00465 | JPMorgan Chase & Co. | 1101(L) | | 1,845,741(L) | HKD 14.2234 | 46.544.545(L) 6.01(L)02/02/2026 | | | | | | | | 25.070,399(S) 3.24(S) | | | | | | | | 14.947.917(P) 1.93(P) | 增持后，JPMor ...

2026年2月4日，对于盯着盘面的朋友来说，这天过得真叫人心惊肉跳。A股这边的金风科技看着还算稳 当，微涨不到0.5%。谁能想到，真正的"大雷"埋在了港股收盘那会儿。 下午4点一过，金风科技H股突然大跳水，一口气跌没了6%还多。咱们算算账，这家公司A股加港股的 总市值可是1036亿元。这么一摔，背后那20万股东，今晚怕是心里七上八下，觉都睡不踏实了。 事出反常必有妖。坏消息是从大洋彼岸传来的：欧盟正式宣布要调查金风科技。他们给出的理由还是老 一套，怀疑金风科技拿了政府补贴，"扭曲"了欧洲市场。 外交部的回应特别提气。发言人直接点破：欧盟这么频繁地挥舞单边经贸大棒，搞歧视性限制，释放的 信号就是保护主义。这坏的是欧盟自己的形象，冷的是中国企业去投资的心。 针对中国风电企业，欧盟这回干的事，像极了"过河拆桥"。 风电出口欧洲，本质上是咱们帮他们搞建设。中国企业助力欧洲能源转型，贡献摆在那里。现在反手就 是一个调查，让人心里发凉。这调查要是拖到2027年秋季才出结果，悬在头上的剑才最吓人。最坏的结 果，可能要求剥离资产、限制业务，甚至设计门槛把中国企业挡在门外。 据欧盟中国商会的消息，这几年欧方这种折腾，已经让中国 ...

Company Status - The National Energy Administration recently announced that China's newly installed wind power capacity for 2025 is expected to reach 119.87 GW, representing a year-on-year increase of 50.2% [1] Commentary - The domestic wind power demand and wind turbine export trends are optimistic for 2026. The China Wind Energy Association (CWEA) previously estimated that the newly installed wind power capacity in China for 2026 will be 120 GW, which is considered a baseline support, with actual figures potentially exceeding this scale. Additionally, CWEA disclosed that by the end of 2025, China's cumulative wind turbine exports will exceed 28 GW (excluding overseas production and sales), with over 7.2 GW exported in 2025, marking a year-on-year increase of over 38%. This indicates that wind turbine exports have become a significant driver of industry growth, and this trend is expected to continue into 2026 [2] - The company is expected to see a continued recovery in wind turbine profitability, with the green methanol business anticipated to contribute additional revenue starting in 2026. The company has actively laid out its green methanol business over the past few years and has signed supply agreements with international shipping giants Maersk and Hapag-Lloyd. As the first phase of the green methanol project in Inner Mongolia's Hinggan League gradually reaches production capacity, it is expected to start contributing to performance from 2026 [2] Profit Forecast and Valuation - Considering that the company's power station business profitability may continue to be under pressure in 2025, the company's profit forecast for 2025 has been revised down by 17.5% to 2.734 billion yuan, while the 2026 profit forecast remains unchanged at 4.741 billion yuan, and a new profit forecast for 2027 has been introduced at 6.061 billion yuan. The current A-share price corresponds to a price-to-earnings ratio of 22.1/17.3 for 2026/2027, while the H-share price corresponds to a price-to-earnings ratio of 10.6/8.0 for 2026/2027. The company is optimistic about the continued improvement in wind turbine profitability and maintains a rating of outperforming the industry for both A-shares and H-shares. Due to the upward adjustment of A-share industry valuation levels, the target price for A-shares has been raised by 27.7% to 25.8 yuan, corresponding to a price-to-earnings ratio of 23.0/18.0 for 2026/2027, indicating a potential upside of 3.9% from the current stock price. The target price for H-shares remains unchanged at 17.39 HKD, corresponding to a price-to-earnings ratio of 14.0/10.6 for 2026/2027, indicating a potential upside of 32.5% from the current stock price [3]

来源：科技日报 作者: 何亮 该机组叶轮直径达300米，扫风面积超7万平方米，相当于10个标准足球场；搭载金风科技自研147米超 长柔性叶片，满发每小时可发电2万千瓦时，单机年发电量预计超8000万千瓦时，可满足约4.4万户家庭 一年用电需求。 相比16兆瓦海上风电机组，20兆瓦机组可减少25%机位点，降低用海成本，结合高模量碳纤叶片与智能 控制，能够提升发电效率5%，综合推动项目度电成本下降5%—8%，为深远海风电规模化开发提供经济 性支撑。 2月5日，金风科技与三峡集团联合研制的全球首台20兆瓦海上风电机组（以下简称"20兆瓦机组"）在福 建海域并网发电，标志着我国在超大容量机组研发制造和海上施工领域实现重要突破。 此次并网的20兆瓦机组是目前全球实际海洋环境中已并网单机容量最大海上风电机组，实现了全产业链 自主可控与关键部件100%国产化。 ...

相比16兆瓦海上风电机组，20兆瓦机组可减少25%机位点，降低用海成本，结合高模量碳纤叶片与智能 控制，能够提升发电效率5%，综合推动项目度电成本下降5%—8%，为深远海风电规模化开发提供经济 性支撑。 （文章来源：科技日报） 2月5日，金风科技与三峡集团联合研制的全球首台20兆瓦海上风电机组（以下简称"20兆瓦机组"）在福 建海域并网发电，标志着我国在超大容量机组研发制造和海上施工领域实现重要突破。 此次并网的20兆瓦机组是目前全球实际海洋环境中已并网单机容量最大海上风电机组，实现了全产业链 自主可控与关键部件100%国产化。 该机组叶轮直径达300米，扫风面积超7万平方米，相当于10个标准足球场；搭载金风科技自研147米超 长柔性叶片，满发每小时可发电2万千瓦时，单机年发电量预计超8000万千瓦时，可满足约4.4万户家庭 一年用电需求。 ...