Core Viewpoint - The Hong Kong wind power stocks experienced a general increase, driven by the opening of the 2025 Beijing International Wind Energy Conference, which aims to enhance global consensus in the wind power industry and set ambitious installation targets for the coming years [1][2]. Group 1: Market Performance - Wind power stocks in Hong Kong saw significant gains, with Goldwind Technology rising over 6%, Dongfang Electric increasing by 4.4%, China High-Speed Transmission up nearly 3%, Xintian Green Energy rising by 1.6%, and Longyuan Power gaining 0.39% [2]. Group 2: Industry Developments - The 2025 Beijing International Wind Energy Conference opened on October 20, where the "Beijing Wind Energy Declaration 2.0" was released, proposing an annual new installed capacity of no less than 120 million kilowatts during the 14th Five-Year Plan period, doubling the annual installation target set in 2020 [1]. - Industry insiders indicated that with the offshore wind power entering the bidding season, the profitability of the industry is expected to improve continuously, particularly as the third quarter marks the peak season for wind power project commencement, suggesting an acceleration in industry prosperity [1].

Core Insights - The Beijing Wind Energy Declaration 2.0 was released at the CWP2025, setting ambitious targets for China's wind power capacity during the 14th Five-Year Plan, aiming for an annual new installed capacity of no less than 120 million kilowatts, with offshore wind power contributing at least 15 million kilowatts annually [1] - By 2030, the cumulative installed capacity of wind power in China is expected to reach 1.3 billion kilowatts, increasing to at least 2 billion kilowatts by 2035, and reaching 5 billion kilowatts by 2060 [1] - The declaration outlines five key initiatives, including aligning industrial planning with climate goals, enhancing policy frameworks, promoting technological innovation through collaboration, advancing integrated development of wind power, and deepening international cooperation for mutual prosperity [1] Industry Overview - As of July 2023, China's renewable energy installed capacity reached 2.17 billion kilowatts, maintaining its position as the global leader, with wind power accounting for 570 million kilowatts and solar power exceeding 1.1 billion kilowatts, marking a doubling in capacity since the end of the 13th Five-Year Plan [2]