Core Viewpoint - The rare earth industry is experiencing fluctuations in stock performance, with significant growth in the rare earth ETF, driven by rising prices and increased demand expectations due to delayed export control measures [1][3][4]. Group 1: Market Performance - As of November 4, 2025, the China Rare Earth Industry Index decreased by 0.71%, with mixed performance among constituent stocks [1]. - Baotou Steel (包钢股份) led the gains with an increase of 4.14%, while Shengxin Lithium Energy (盛新锂能) experienced the largest decline [1][6]. - The rare earth ETF managed by Harvest (嘉实) saw a trading volume of 62.65 million yuan, with a significant growth of 5.327 billion yuan in the last three months, ranking first among comparable funds [3]. Group 2: Fund Performance - The rare earth ETF has seen an increase of 866 million shares in the past month, also ranking first among comparable funds [3]. - Over the past 18 trading days, the ETF attracted a total of 1.675 billion yuan in inflows [3]. - As of November 3, 2025, the net value of the rare earth ETF has increased by 86.47% over the past two years, placing it in the top 4.41% of index equity funds [3]. Group 3: Price Trends and Forecasts - According to Guojin Securities, the price of praseodymium and neodymium oxide rose by 6.08% week-on-week, driven by increased demand expectations and delayed export control measures [4]. - The overall sentiment in the rare earth sector is bullish, with expectations of a supply-demand resonance due to external export pressures and ongoing supply reforms [4]. - Guosheng Securities highlights the broad market potential for rare earth recycling and magnetic materials, anticipating rapid growth in related companies' performance as rare earth prices recover [4]. Group 4: Key Stocks - The top ten weighted stocks in the China Rare Earth Industry Index account for 61.61% of the index, with Northern Rare Earth (北方稀土) holding the largest weight at 17.20% [3][6].

该信息由智通财经网提供 智通财经APP讯，金风科技(02208)发布公告，2025年11月3日，金风科技(以下简称"公司")收到股东和 谐健康保险股份有限公司-万能产品(以下简称"和谐健康")出具的《关于减持股份触及1%整数倍的告知 函》，和谐健康于2025年10月31日通过集中竞价交易方式减持公司股份4095.42万股A股，占公司总股本 的比例为0.969314%，占剔除公司回购专用账户中的股份数量后总股本的比例为0.969964%。本次权益 变动后，和谐健康持有公司股份数量由3.26亿股减少至2.85亿股，占公司总股本的比例由7.723437%减 少至6.754122%，占剔除公司回购专用账户中股份数量后总股本的比例由7.728610%减少至6.758647%， 权益变动触及1%的整数倍。 ...

智通财经APP讯，金风科技(02208)发布公告，2025年11月3日，金风科技(以下简称"公司")收到股东和 谐健康保险股份有限公司-万能产品(以下简称"和谐健康")出具的《关于减持股份触及1%整数倍的告知 函》，和谐健康于2025年10月31日通过集中竞价交易方式减持公司股份4095.42万股A股，占公司总股本 的比例为0.969314%，占剔除公司回购专用账户中的股份数量后总股本的比例为0.969964%。本次权益 变动后，和谐健康持有公司股份数量由3.26亿股减少至2.85亿股，占公司总股本的比例由7.723437%减 少至6.754122%，占剔除公司回购专用账户中股份数量后总股本的比例由7.728610%减少至6.758647%， 权益变动触及1%的整数倍。 ...

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。 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 公司關於持股 5%以上股東權益變動觸及 1%整數倍的公告》，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11月3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 ( 於中華人民共和國註冊成立的股份有限公司 ) (Stock Code: 02208) GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.* 金風科技股份有限公司 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。 | 权益变动时间 年 月 日 2025 10 31 | | | --- | --- | | 和谐健康为优化 ...

Core Points - The State-Owned Enterprise Reform Index (399974) closed at 1902.39 points, up 0.25%, with a trading volume of 146.44 billion yuan and a turnover rate of 0.74% [1] - Among the index constituents, 56 stocks rose, with Goldwind Technology leading at a 6.94% increase, while 39 stocks fell, with China Rare Earth leading the decline at 5.24% [1] Index Constituents Summary - The top ten constituents of the State-Owned Enterprise Reform Index include: - Yingmei Ge, with a weight of 3.60%, latest price at 30.00, down 1.64%, total market value of 797.33 billion yuan [1] - Changjiang Electric Power, with a weight of 2.90%, latest price at 28.31, up 0.75%, total market value of 692.70 billion yuan [1] - CITIC Securities, with a weight of 2.90%, latest price at 29.22, down 0.54%, total market value of 433.06 billion yuan [1] - Yuanta Haitong, with a weight of 2.89%, latest price at 19.61, up 1.19%, total market value of 345.70 billion yuan [1] - China Merchants Bank, with a weight of 2.80%, latest price at 41.79, up 2.20%, total market value of 1053.94 billion yuan [1] - Industrial Bank, with a weight of 2.74%, latest price at 20.56, up 1.63%, total market value of 435.11 billion yuan [1] - North Huachuang, with a weight of 2.73%, latest price at 401.00, down 1.49%, total market value of 290.48 billion yuan [1] - Wuliangye, with a weight of 2.68%, latest price at 118.98, down 0.01%, total market value of 461.83 billion yuan [1] - China Shipbuilding, with a weight of 2.52%, latest price at 36.43, up 1.48%, total market value of 274.16 billion yuan [1] - Zhongke Shuguang, with a weight of 2.42%, latest price at 106.46, up 0.01%, total market value of 155.76 billion yuan [1] Capital Flow Summary - The net outflow of main funds from the index constituents totaled 4.443 billion yuan, while speculative funds saw a net inflow of 1.03 billion yuan, and retail investors had a net inflow of 3.413 billion yuan [3] - Notable capital flows include: - China Merchants Bank with a net inflow of 433 million yuan, accounting for 11.29% of the total [3] - Allwind Technology with a net inflow of 430 million yuan, accounting for 11.88% of the total [3] - China Petroleum with a net inflow of 326 million yuan, accounting for 14.97% of the total [3] - China Shipbuilding with a net inflow of 284 million yuan, accounting for 10.31% of the total [3]

格隆汇11月3日丨金风科技(002202.SZ)公布，收到股东和谐健康保险股份有限公司-万能产品（简称"和 谐健康"）出具的《关于减持股份触及1%整数倍的告知函》，和谐健康于2025年10月31日通过集中竞价 交易方式减持公司股份40,954,185股，占公司总股本的比例为0.969314%，占剔除公司回购专用账户中 的股份数量后总股本的比例为0.969964%。本次权益变动后，和谐健康持有公司股份数量由326,320,426 股减少至285,366,241股，占公司总股本的比例由7.723437%减少至6.754122%，占剔除公司回购专用账 户中股份数量后总股本的比例由7.728610%减少至6.758647%，权益变动触及1%的整数倍。 ...

Core Points - The announcement from Goldwind Technology indicates that Harmony Health reduced its stake in the company by 40.954185 million shares, representing 0.969314% of the total share capital [1] - Following this reduction, Harmony Health's holdings decreased to 285.366241 million shares, lowering its ownership percentage from 7.723437% to 6.754122%, which is a drop that touches the 1% integer threshold [1] - The share reduction was due to a rights issue and does not involve pre-disclosure, complying with regulations, and will not lead to a change in company control or significantly impact operations [1]

股票代码：002202 股票简称：金风科技 公告编号：2025-096 金风科技股份有限公司 本公司及董事会全体成员保证公告内容与信息披露义务人提 供的信息一致。 2025年11月3日，金风科技（以下简称"公司"）收到股东和谐健 康保险股份有限公司-万能产品（以下简称"和谐健康"）出具的《关 于减持股份触及1%整数倍的告知函》，和谐健康于2025年10月31日通 过集中竞价交易方式减持公司股份40,954,185股，占公司总股本的比 例为0.969314%，占剔除公司回购专用账户中的股份数量后总股本的 比例为0.969964%。本次权益变动后，和谐健康持有公司股份数量由 326,320,426 股 减 少 至 285,366,241 股 ， 占 公 司 总 股 本 的 比 例 由 7.723437%减少至6.754122%，占剔除公司回购专用账户中股份数量 后总股本的比例由7.728610%减少至6.758647%，权益变动触及1%的 整数倍。具体情况如下： | 1.基本情况 | | | | | --- | --- | --- | --- | | 信息披露义务人 | 和谐健康保险股份有限公司-万能产品 | | ...

Market Overview - The wind power equipment sector increased by 1.03% on November 3, with Goldwind Technology leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Goldwind Technology (002202) closed at 16.79, up 6.94%, with a trading volume of 2.2253 million shares and a transaction value of 3.622 billion [1] - Yunda Co., Ltd. (300772) closed at 19.01, up 4.05%, with a trading volume of 237,500 shares [1] - Jixin Technology (601218) closed at 5.83, up 3.74%, with a trading volume of 1.2127 million shares [1] - Other notable performers include Haile Wind Power (301155) at 88.00 (+2.98%) and Changyou Technology (301557) at 92.45 (+2.68%) [1] Fund Flow Analysis - The wind power equipment sector experienced a net outflow of 57.51 million from institutional investors, while retail investors saw a net inflow of 67.02 million [2] - The overall fund flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Detailed Fund Flow by Stock - Goldwind Technology saw a net inflow of 3.69 billion from institutional investors, but a net outflow of 87.79 million from retail investors [3] - Yunda Co., Ltd. had a net inflow of 23.02 million from institutional investors, with retail investors also experiencing a net outflow [3] - New Strong Link (300850) reported a net inflow of 19.22 million from institutional investors, while retail investors had a net outflow of 18.16 million [3]

Core Insights - The domestic wind power installation is expected to reach new heights during the "14th Five-Year Plan" period, with annual new installations projected to be no less than 120GW, including at least 15GW from offshore wind [3][24]. - The land-based wind power market is showing signs of recovery from price competition, with the average bid price for land-based wind turbines increasing by 13% in the first eight months of 2025 compared to the average price in 2024 [4][34]. - There is a significant growth potential in offshore wind power, with abundant project reserves and a strong push from government policies to accelerate installation [4][36]. Group 1: Domestic Wind Power Market - The domestic wind power market is expected to see a substantial increase in new installations, with a total of 86.99GW projected for 2024, marking a 9.6% year-on-year increase [3][24]. - The cumulative new installations from 2021 to 2024 are expected to reach 272.1GW, significantly higher than the 145.5GW during the "13th Five-Year Plan" [3][24]. - The average utilization hours for wind power in 2024 are projected to be 2,127 hours, significantly higher than the 1,211 hours for solar power, indicating a better match with load demand [12][18]. Group 2: Offshore Wind Power Development - The offshore wind power sector is anticipated to maintain high installation levels, with a target of at least 15GW of new installations annually during the "14th Five-Year Plan" [4][36]. - The actual installation of offshore wind power during the "14th Five-Year Plan" period has fallen short of planned targets, indicating a significant gap and potential for future growth [36][37]. - The recent approval of over 19.9GW of offshore wind projects in Europe in 2024 highlights the growing demand and potential for offshore wind power [76][78]. Group 3: International Expansion of Domestic Wind Power Companies - Domestic wind turbine manufacturers are accelerating their international expansion, with a total of 19.28GW of overseas orders secured by seven manufacturers in the first three quarters of 2025, marking a 187.8% year-on-year increase [5][66]. - Companies like Goldwind and Mingyang Smart Energy are establishing manufacturing bases overseas, enhancing their competitiveness in international markets [72][73]. - The average price of domestic wind turbines in overseas markets is still lower than that of Western manufacturers, providing a competitive edge for Chinese companies [57][66].