Group 1 - The core viewpoint of the article highlights the positive outlook for Goldwind Technology (金风科技) due to recent policy changes and market dynamics in the wind energy sector [1] - The National Development and Reform Commission's emphasis on breaking "involution" competition is expected to promote reforms in the bidding system for industries including wind power, leading to stabilization and potential increase in wind turbine prices [1] - The domestic wind power construction has accelerated, with good production and shipment performance in the supply chain since the beginning of the year, and a significant year-on-year increase in offshore wind power grid connection expected in the first half of 2025 [1] Group 2 - Citigroup has reiterated a "buy" rating for Goldwind Technology, forecasting that China's new wind power installations will exceed expectations, with an anticipated year-on-year growth of 38% to 120 GW for the year [1] - The grid connection volume is also expected to surpass 100 GW, exceeding Citigroup's previous forecast of 90 GW [1] - Citigroup anticipates a 10% increase in wind turbine bidding prices within the year, projecting Goldwind's sales gross margin to improve from 4% in 2024 to 7% and 10% in the following two years, raising the target price from 7.5 HKD to 9 HKD [1]