Zhi Tong Cai Jing·2025-09-29 02:31Group 1 - Wind power stocks collectively rose, with China High-Speed Transmission (00658) up 5.17% to HKD 1.83, Longyuan Power (00916) up 4.57% to HKD 8.23, and Goldwind Technology (02208) up 4.12% to HKD 13.91 [1] - According to the National Energy Administration, from January to August, the newly installed wind power capacity in China reached 57.84 GW, an increase of 24.24 GW year-on-year [1] - A report by Wood Mackenzie forecasts that global wind power installations will reach 170 GW in 2025, setting a historical record, with an average annual increase exceeding 170 GW over the next five years, peaking at 200 GW by 2034 [1] Group 2 - Ping An Securities noted the commencement of the "large replaces small" 1 million kW wind power project by Ningxia Huadian in Haichuan County, indicating a shift from older 1.5 MW models to larger capacities [1] - The transition from older 1.5 MW models, which have historically been dominant in the domestic market, presents significant opportunities for capacity replacement and growth in land-based wind demand [1]