2 1 Shi Ji Jing Ji Bao Dao·2026-01-09 13:00Core Viewpoint - Goldwind Technology has entered the A-share trillion market value club due to its strategic investments, particularly in the commercial aerospace sector, rather than solely its wind power business [2][3]. Group 1: Stock Performance and Market Reaction - On January 9, Goldwind Technology's A-share stock price hit a record high of 31.94 yuan, with a market capitalization reaching 134.9 billion yuan, marking a cumulative increase of over 56% since the beginning of 2026 and over 100% in the last month [2]. - The surge in stock price is primarily driven by expectations of potential investment returns from its indirect investment in the commercial aerospace company Blue Arrow Aerospace [3][4]. Group 2: Investment Strategy and Portfolio - Goldwind Technology has established a diverse investment ecosystem that extends beyond wind power manufacturing to include sectors like energy storage, hydrogen energy, and commercial aerospace [3][4]. - The company has invested in Blue Arrow Aerospace, holding a 4.14% stake through its subsidiary Jianghan Assets, positioning itself as a significant strategic shareholder [5]. - Goldwind's investment approach has evolved from small, early-stage investments to a more systematic, fund-like operation, currently holding stakes in 21 companies and having invested in 454 companies overall [7]. Group 3: Historical Context and Future Prospects - Goldwind's investment in Blue Arrow Aerospace dates back to 2017, when it participated in a 200 million yuan B-round financing, followed by an additional 300 million yuan in a B+ round [5][6]. - The rapid progress of Blue Arrow Aerospace's IPO process has contributed to the excitement surrounding Goldwind's stock, although uncertainties remain regarding the IPO's success [6]. - Goldwind's average annual investment net income from 2022 to 2024 is approximately 2.2 billion yuan, indicating its strong investment capabilities [7]. Group 4: Industry Position and Competitive Strategy - Goldwind's investments in key suppliers, such as its early investment in Jinli Permanent Magnet, have helped secure its supply chain and enhance competitiveness in the wind power industry [8]. - The company is also focusing on emerging energy sectors, including energy storage and hydrogen energy, to mitigate supply chain risks and capitalize on technological synergies [9]. - Despite its successful investment strategy, there are concerns about the sustainability of its current market valuation, with differing opinions on whether the stock price reflects overly optimistic expectations [10][11][12].