Zhi Tong Cai Jing·2025-09-17 05:40Core Viewpoint - Goldwind Technology (002202) (02208) has seen a stock increase of over 5%, currently trading at HKD 11.25 with a transaction volume of HKD 107 million, following the announcement of a significant investment in a wind power and hydrogen ammonia project in Inner Mongolia [1] Company Summary - Goldwind Technology plans to invest CNY 18.92 billion in a wind power hydrogen ammonia integrated project in Bayannur, Inner Mongolia, which includes the development of 3GW wind power capacity [1] - The project aims to utilize 80% of the generated electricity for electrolysis to produce green hydrogen, resulting in an annual output of 600,000 tons of green methanol and 400,000 tons of green ammonia [1] - The investment is intended to enhance the company's business layout by leveraging the abundant wind, solar, and biomass resources in Bayannur, establishing a "wind power + green chemical" comprehensive solution capability [1] Industry Summary - According to Minsheng Securities, the total bidding volume for domestic wind power projects is expected to reach 71.9GW in the first half of 2025, representing a year-on-year increase of 8.8% [1] - The average bidding price for wind turbine manufacturers in June 2025 is projected to be CNY 1,616 per kW, showing a trend of overall fluctuation since the end of 2024 [1] - By the end of the first half of 2025, the total external orders awaiting execution for the company is estimated to be 41.4GW, with approximately 34.1GW of orders for turbines of 6MW and above [1] - The company has around 10.4GW of externally won but unsigned contracts, with 9.3GW (88.91%) of these being for turbines of 6MW and above [1] - The total external orders held by the company overseas is approximately 7.4GW, reflecting a year-on-year growth of 42.27%, providing solid support for future international business revenue [1]