Reasons for Goldwind Science & Technology (002202.SZ) Becoming a Hot Stock and Investment Analysis

Goldwind Science & Technology becoming a hot stock is the dual result of industry recovery and company fundamental repair:

• Overall Recovery of the Wind Power Industry
  : Since the industry signed the Self-Discipline Convention in October 2024, wind turbine prices have stabilized above the cost line, ending the price war [2]; data from the National Energy Administration shows that the national wind power grid-connected capacity in Q3 2025 increased by 21.3% year-on-year, and power generation increased by 14.3% year-on-year [2]; CICC predicts that domestic wind power new installations will reach 110-120 GW in 2025, a record high [2].
• Significant Repair of Company Fundamentals
  : In the first three quarters of 2025, revenue was 48.147 billion yuan (+34.34%), net profit attributable to the parent company was 2.584 billion yuan (+44.21%), and wind turbine sales capacity increased by 90.01% year-on-year [1][2]; overseas cumulative installed capacity was 11.2 GW, covering 47 countries, with an order backlog of 7.16 GW; domestic order backlog was nearly 50 GW, up 18.48% year-on-year [3].
• Sector Linkage Effect
  : The wind power equipment sector rose sharply by 3% on the same day, with many stocks like Taisheng Wind Energy and Mingyang Smart Energy hitting the daily limit. As an industry leader, Goldwind Science & Technology followed the rise [2].

• Price Trend: On December 25, it rose by 8.37%, and on December 29, it hit the daily limit (+10.01%), with a closing price of 21.66 USD reaching a 52-week high [0].
• Volume: On December 29, the volume was 220.18M shares, an increase of 43% compared to the 10-day average volume (~153M shares), indicating active market trading [0].

Dragon and Tiger List data shows obvious game between institutions and hot money: 4 institutions net sold 374 million yuan, 3 hot money groups net bought 499 million yuan (Chengdu clique, Leisure faction, and quantitative hitting limit as main forces), Shenzhen Stock Connect net bought 78.65 million yuan, and overall capital net inflow was 303 million yuan [3]. The company issued an announcement stating that operations are normal and there are no undisclosed major matters [4][5].

• The recovery trend of the wind power industry is clear; price stability and installation growth provide a foundation for performance growth of leading enterprises like Goldwind Science & Technology.
• Hot money drives short-term stock price rises; institutional reductions may affect long-term stability, so attention should be paid to the direction of capital game.
• Overseas layout and sufficient order backlog provide support for the company’s future growth; under high industry growth expectations, the competitiveness of leading enterprises will further stand out.

• Major Shareholder Reduction: Harmonious Health Insurance, a shareholder holding more than 5% of shares, reduced holdings by about 3.8 billion yuan in 2025, which may affect market confidence [1].
• Financial Pressure: Operating net cash flow in the first three quarters was -630 million yuan, and long-term loans were 30 billion yuan, resulting in large debt pressure [1].
• Short-term Fluctuations: Institutions’ net selling and hot money speculation coexist, so stock prices may experience large fluctuations [3].

• High growth expectations of the wind power industry, with domestic new installations hitting a record high; the company, as a leader, will benefit.
• Overseas market layout has achieved remarkable results, and sufficient order backlog provides guarantee for performance growth.

Goldwind Science & Technology became a hot stock due to industry recovery and company fundamental repair, with its stock price hitting a 52-week high. Despite the risks of major shareholder reduction, financial pressure, and short-term fluctuations, high industry growth expectations make it still worthy of attention. Investors need to pay attention to industry policies, company financial status, and capital flow, and make rational judgments on its investment value.