Zhi Tong Cai Jing·2025-09-26 02:12Core Viewpoint - Goldwind Technology (金风科技) has seen a stock price increase of over 6%, currently trading at 13.47 HKD with a transaction volume of 1.44 billion HKD, following the announcement of a significant investment in a wind-hydrogen-ammonia integrated project in Urat Qianqi, with a total investment of approximately 18.92 billion CNY [1][1][1] Group 1 - The company plans to develop a 3GW wind power project, with over 80% of the generated electricity used for electrolysis to produce green hydrogen, alongside the production of 600,000 tons of green methanol and 400,000 tons of green ammonia annually [1][1][1] - Ping An Securities highlights that the hydrogen-ammonia-methanol business is essentially an extension of the power station business, alleviating market concerns regarding the future of wind turbine companies' power station operations due to supportive policies for green liquid fuels [1][1][1] - The current environment presents a threefold resonance for wind turbine companies, including an upward turning point in domestic wind turbine manufacturing profitability, upcoming performance realization from overseas markets, and the incremental growth of hydrogen-ammonia business in power station operations, indicating a positive investment outlook for wind power equipment manufacturers [1][1][1]