Core Viewpoint - The company, Goldwind Technology, has announced its plan to apply for project development rights for an integrated wind-hydrogen-ammonia project in Inner Mongolia, with a total investment of approximately 18.92 billion RMB [2] Group 1: Project Details - The project will be developed by the company's wholly-owned subsidiary, Wulatezhongqi Goldwind Runhang New Energy Technology Co., Ltd., which will handle the chemical side project filing and issue an "Investment Commitment Letter" [2] - The company plans to sign an investment development agreement with the People's Government of Bayannur City for the wind-hydrogen-ammonia project [2] - The project will involve the construction of 3 GW of wind power, with over 80% of the generated electricity used for electrolysis to produce green hydrogen, resulting in the production of 600,000 tons/year of green methanol and 400,000 tons/year of green ammonia [2] Group 2: Financial Aspects - The total investment for the project is approximately 18.92 billion RMB, funded through the company's own resources and bank loans [2] - The specific impact of the agreements on the company's financial condition and operating results for the current year and future will depend on the progress and implementation of the project [2]

Core Viewpoint - The company is advancing its commitment to the national "dual carbon" goals by initiating a wind-hydrogen-ammonia integrated demonstration project, with significant investment planned in Inner Mongolia [1] Group 1: Project Announcement - The company held its ninth board meeting on September 10, 2025, where it approved the investment agreement for the 3GW wind-hydrogen-ammonia integrated project in Urat Middle Banner [1] - The company plans to apply for project development rights based on the policy requirements for the wind-hydrogen-ammonia integration project in Inner Mongolia [1] Group 2: Investment Details - The total investment for the wind-hydrogen-ammonia project in the Bayannur area is approximately 18.92 billion RMB [1] - The company's wholly-owned subsidiary, Urat Middle Banner Jin Feng Run Hang New Energy Technology Co., Ltd., will handle the chemical side project filing and issue an investment commitment letter [1] - The company intends to sign an investment development agreement with the Bayannur Municipal Government for the project [1]

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公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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 ) (Stock Code: 02208) 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列金風科技股份有限公司在深圳證券交易所網站刊登的《金風科技股份有限 公司關於簽署投資開發協議並開展申報工作的公告》，僅供參閱。 承董事會命 金風科技股份有限公司 馬金儒 公司秘書 北京，2025年9月10日 於本公告日期，公司執行董事為武鋼先生及曹志剛先生；公司非執行董事為高建軍先生、楊 麗迎女士及張旭東先生；公司獨立非執行董事為曾憲芬先生、劉登清先生及苗兆光先生；及 公司職工代表董事為余寧女士。 *僅供識別 股票代码：002202 股票简称：金风科技 公告编号：2025-072 金风科技股份有限公司 关于签署投资开发协议并开 ...

Core Viewpoint - The company is advancing its commitment to the national "dual carbon" goals by initiating a wind-hydrogen-ammonia integration project, with significant investment planned for development [1] Group 1: Project Overview - The company held its ninth board meeting on September 10, 2025, where it approved the investment agreement for the 3GW wind-hydrogen-ammonia integration project in Urat Middle Banner [1] - The project aims to secure development rights based on the policy requirements for the wind-hydrogen-ammonia integration project in Inner Mongolia [1] Group 2: Investment and Financials - The total investment for the project is approximately 18.92 billion RMB [1] - The project plans to construct 3GW of wind power, with over 80% of the generated electricity used for electrolysis to produce green hydrogen [1] Group 3: Production Goals - The project aims to produce 600,000 tons of green methanol and 400,000 tons of green ammonia annually through biomass gasification coupled with green hydrogen [1]

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公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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 ) (Stock Code: 02208) *僅供識別 股票代码：002202 股票简称：金风科技 公告编号：2025-071 金风科技股份有限公司 第九届董事会第五次会议决议公告 | 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。 | 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列金風科技股份有限公司在深圳證券交易所網站刊登的《金風科技股份有限 公司第九屆董事會第五次會議決議公告》，僅供參閱。 承董事會命 金風科技股份有限公司 馬金儒 公司秘書 北京，2025年9月10日 於本公告日期，公司執行董事為武鋼先生及曹志剛先生；公司非執行董事為 ...

第九届董事会第五次会议决议公告 | 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。 | 股票代码：002202 股票简称：金风科技 公告编号：2025-071 金风科技股份有限公司 具体内容登载于深圳证券交易所指定信息披露网站巨潮资讯网 （ www.cninfo.com.cn ） 及 香 港 联 合 交 易 所 有 限 公 司 网 站 （https://www.hkexnews.hk），详见《关于签署投资开发协议并开展申 报工作的公告》（编号：2025-072）。 特此公告。 金风科技股份有限公司 董事会 2025 年 9 月 10 日 金风科技（以下简称"公司"）于2025年8月31日以电子邮件方式 发出会议通知，于2025年9月10日在北京金风科创风电设备有限公司 九楼会议室以现场和视频相结合方式召开第九届董事会第五次会议， 会议应到董事九名，实到董事九名，其中，现场出席八名，独立董事 苗兆光先生因工作原因未能出席，委托独立董事曾宪芬先生代为出席 并行使表决权，会议由董事长武钢先生主持，公司高级管理人员列席 了本次会议。本次会议的召 ...

Group 1 - The core point of the article is that Goldwind Technology (002202) plans to sign an investment development agreement with the People's Government of Bayannur City for a wind power hydrogen and methanol integration project [1] - The total investment for the project is approximately 18.92 billion yuan [1] - The project aims to construct 3GW of wind power capacity, with over 80% of the generated electricity used for electrolysis to produce green hydrogen [1] Group 2 - The project will produce 600,000 tons of green methanol per year and 400,000 tons of green ammonia per year through biomass gasification coupled with green hydrogen [1]

股票代码：002202 股票简称：金风科技 公告编号：2025-072 金风科技股份有限公司 关于签署投资开发协议并开展申报工作的公告 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。 一、对外投资概述 为贯彻落实国家"双碳"目标，打造风氢氨醇一体化的示范项目， 2025年9月10日，金风科技（以下简称"公司"）召开第九届董事会第 五次会议，审议通过了《关于金风科技乌拉特中旗3GW风氢氨醇一体 化项目签订投资协议并开展申报工作的议案》，同意公司基于内蒙古 风氢氨醇一体化项目申报政策要求，进行项目申报及获取项目开发权。 公司全资子公司乌拉特中旗金风润航新能源科技有限公司将进行化 工侧项目备案以及出具《落实投资承诺函》，同时公司拟与巴彦淖尔 市人民政府签订《风电制氢氨醇一体化项目投资开发协议书》，计划 在巴彦淖尔市辖区内投资建设风电制氢氨醇项目，总投资金额约为 189.2亿元人民币。 该项目的实施尚需政府有关部门审批或备案，公司将根据项目后 续的投资进展严格按照相关法律法规的规定，及时履行相关决策程序 和信息披露义务。 根据《深圳证券交易所股票上市规则》等法律法规及 ...

Group 1: Solid-State Battery Industry - The solid-state battery industrialization is progressing with support from policies, material advancements, and application developments. Key companies to watch include Xiamen Tungsten, Tianqi Lithium, and others in the supply chain [2][3] - Major developments include the mass production of semi-solid batteries by Zhuhai Guanyu and the upcoming solid-state battery projects by Yiyuan Lithium Energy and others [2] Group 2: Domestic Energy Storage Systems - The domestic energy storage system bidding capacity reached 47.2 GWh in August 2025, reflecting a year-on-year increase of 2158% and a month-on-month increase of 1142%. Cumulative bidding for the year reached 144.1 GWh, up approximately 216% year-on-year [3] - The high demand for energy storage systems indicates a strong need for new power systems in China, laying a foundation for stable market development in 2026-2027. Key companies include Sungrow Power, Yiyuan Lithium Energy, and others [3] Group 3: AIDC Power Equipment Sector - AIDC power equipment companies are expected to benefit from increased capital expenditures, with Alibaba reporting a capital expenditure of 38.7 billion yuan in Q2 2025, up 220% year-on-year [3][32] - The demand for data center construction remains strong, and companies like Jinpan Technology and New Special Electric are positioned to gain from this trend [3][32] Group 4: Power Grid Equipment Sector - Power grid equipment companies are experiencing steady growth, with major firms maintaining robust performance in the first half of 2025. A surge in high-voltage bidding is anticipated in the second half of the year [4][42] - Key companies to focus on include Guodian NARI, Siyi Electric, and others, as they expand their product offerings and international presence [4][42] Group 5: Wind Power Sector - Wind power companies are seeing simultaneous increases in volume and profit, with significant growth in both onshore and offshore projects expected in the latter half of 2025 [4][59] - Companies like Goldwind Technology and Dongfang Cable are recommended for investment as they are well-positioned to benefit from this growth [4][59] Group 6: Investment Recommendations - The report suggests monitoring the recovery of the power grid equipment sector, the progress of offshore wind projects, the advancement of solid-state battery industrialization, and the global demand for energy storage installations [4]

Core Viewpoint - UBS has increased its confidence in the recovery prospects of Goldwind Technology's wind turbine business, leading to a target price adjustment from 8.5 HKD to 15.5 HKD, maintaining a "Buy" rating and identifying it as a preferred stock in the wind power sector [1] Financial Performance - In the first half of the year, Goldwind Technology achieved a revenue of 28.494 billion RMB, representing a year-on-year increase of 41.46% [1] - The company's net profit attributable to shareholders was 1.488 billion RMB, an increase of 7.26% year-on-year [1] - Revenue from the sales of wind turbines and components reached 21.852 billion RMB, a year-on-year growth of 71.15%, accounting for 76.69% of total operating revenue [1] Market Outlook - UBS forecasts an acceleration in export growth and a rebound in the average selling price of domestic products, which will drive profit margin improvements [1] - The gross profit forecast for the wind turbine business has been raised by 13%, 22%, and 26% for the years 2025 to 2027, while maintaining a roughly stable sales volume forecast [1]