智通财经网·2025-08-27 06:55Core Viewpoint - Morgan Stanley's report indicates that Goldwind Technology (02208) exceeded expectations in its first-half performance, with a core wind turbine business gross margin of 8%, surpassing the management's annual guidance of 7% and the bank's previous forecast of 6.4% [1] Financial Performance - The operational and asset disposal income from wind farms was below expectations; however, the bank believes that the market has adequately recognized the challenges in the wind farm business [1] - The bank has raised its profit forecasts for 2025 to 2027 by 3% to 7% [1] Target Price Adjustments - The target price for H-shares has been increased by 34% to HKD 10.3 [1] - The target price for A-shares has been raised by 29% to RMB 14.6 [1] Rating Changes - The rating for H-shares has been downgraded from "Overweight" to "Neutral" [1] - The rating for A-shares remains at "Overweight" [1]