Core Viewpoint - China High-Speed Transmission reported a significant reduction in losses for the first half of 2025, with expected losses of approximately RMB 136 million compared to a loss of about RMB 528.7 million in the same period last year, primarily due to the absence of impairment provisions for trade business and increased revenue from wind power and industrial gear transmission equipment [1] Company Summary - The company's stock price increased by over 6% towards the end of trading, with a current price of HKD 1.34 and a trading volume of HKD 10.77 million [1] - The reduction in losses is attributed to no significant impairment provisions for trade receivables this period, contrasting with the previous year where substantial provisions were made [1] - Revenue and profits from wind power and industrial gear transmission equipment have increased compared to the same period last year [1] Industry Summary - The wind power industry is experiencing overall favorable conditions, with continuous improvement in profitability for turbine manufacturers [1] - The gross margin of wind turbines is a key indicator in the interim and third-quarter reports of wind turbine manufacturers, and its sustained improvement could act as a significant catalyst for market trends [1] - Attention should be paid to the actual scale of wind power bidding in various provinces as per Document No. 136 and related policies aimed at reducing competition, which may drive the valuation transition of the wind power sector to 2026 [1]
港股异动 | 中国高速传动(00658)尾盘涨超6% 上半年亏损同比显著收窄 风电行业景气度整体较好