In-Depth Analysis of the Sustainability of Goldwind Science & Technology (002202.SZ)'s Limit-Up and the Investment Value of the Wind Power Sector

Based on the obtained data, I provide you with a systematic and comprehensive analysis:

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Goldwind Science & Technology surged to a limit-up on January 22, 2026, closing at RMB 29.58, with a single-day gain of 10.00%. From a technical analysis perspective, the stock has shown an extreme short-term upward trend [0]:

Time Horizon	Gain	Performance Evaluation
1-Day	+10.00%	Strong Limit-Up
5-Day	+9.39%	Upward Trend Continues
1-Month	+75.13%	Notable Increase
3-Month	+96.28%	Nearly Doubled
6-Month	+194.33%	Substantial Increase
1-Year	+197.29%	Nearly 3x Gain

Chart: Goldwind Science & Technology’s K-line Chart from December 2025 to January 2026, Overlaid with 5-Day, 10-Day, and 20-Day Moving Averages

Indicator	Value	Market Positioning
Current Price	RMB 29.58	Approaching 80% of the 52-week high (RMB 37.03)
52-Week Range	RMB 7.64 - 37.03	At a Relatively High Level
Price-to-Earnings Ratio (P/E)	46.64x	Above Industry Average
Price-to-Book Ratio (P/B)	3.22x	Moderately High
Price-to-Sales Ratio (P/S)	1.81x	Moderate
Market Capitalization	RMB 124.88 Billion	Large-Cap Stock

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According to technical analysis tools [0]:

Indicator	Value	Signal Interpretation
MACD	No Crossover	Bearish Signal
KDJ	K:31.3, D:38.4, J:17.0	Death Cross, Bearish
RSI(14)	Normal Range	Not Overbought
Beta Coefficient	0.68	Low Volatility Relative to the Market
Trend Judgment	Sideways Consolidation	No Clear Direction

Level	Price	Implication
Strong Support	RMB 26.48	20-Day Moving Average Level
Initial Support	RMB 27.04	Today’s Opening Price
Initial Resistance	RMB 30.73	Short-Term Resistance Level
Strong Resistance	RMB 37.03	52-Week High

1. Excessive Short-Term Gains
   : A 96.68% increase in the past 30 days brings pullback pressure
2. KDJ Death Cross
   : Short-term technical indicators show correction needs
3. Approaching Strong Resistance Level
   : Significant pressure at RMB 30.73
4. Bearish MACD
   : Mid-line trend reversal not yet confirmed

1. Strong Moving Average Support
   : Stock price firmly stays above the 20-day moving average
2. Volume Confirmation
   : Average daily trading volume of 468 million shares indicates active capital participation
3. Fundamental Improvement
   : Latest quarterly EPS exceeded expectations by 45.99%

: The sustainability of the limit-up is . Excessive short-term gains lead to correction needs, but the mid-term upward trend remains intact. Investors are advised to be cautious about chasing highs, and may consider positioning when the price pulls back to the RMB 26-27 range.

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The recent rise of the wind power sector is mainly supported by the following policy factors:

1. Continuous Advancement of Carbon Neutrality Policies
   : Long-term growth in new energy installed capacity demand is highly certain
2. Renewable Energy Subsidy Policies
   : The economic viability of wind power projects continues to improve
3. Mid-Term Evaluation of the 14th Five-Year Plan
   : Wind power installed capacity targets are expected to be raised
4. Green Financial Support
   : Financing costs for wind power projects have decreased

Indicator	Trend	Impact
Wind Curtailment Rate	Continuous Decline	Increased Utilization Hours
Wind Turbine Costs	Declining	Improved Gross Profit Margin
Offshore Wind Power	Rapid Growth	New Growth Driver
Overseas Orders	Increasing	Expanded Market Space

From the market performance perspective [0]:

• The power generation equipment sector leads the A-share market
• Shows obvious sector rotation characteristics
• Capital is shifting from high-valuation sectors to low-valuation new energy sectors

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• Global energy transition drives wind power demand
• China’s wind power installed capacity has ranked first globally for consecutive years
• Offshore wind power is emerging as a new growth pole
• Technological progress continues to reduce levelized cost of electricity (LCOE)

• The beginning of the year is typically the peak season for wind power installation
• Accelerated order delivery by complete machine manufacturers
• Eased raw material cost pressures

Dimension	Advantages
Market Position	Leading wind turbine manufacturer in China with a leading market share
Technological Strength	Leading direct-drive permanent magnet technology route
Overseas Layout	Significant results from globalization strategy
Product Portfolio	Covers onshore and offshore wind power

Indicator	Value	Evaluation
ROE (Return on Equity)	6.81%	Moderately High
Net Profit Margin	3.84%	Improving
Current Ratio	0.98	Moderate Short-Term Solvency
Quick Ratio	0.70	Liquidity Requires Attention

Indicator	Goldwind Science & Technology	Industry Average	Evaluation
P/E(TTM)	46.64x	Approx. 35x	Relatively High
P/B	3.22x	Approx. 2.5x	Relatively High

: The current valuation level has fully reflected optimistic expectations, and there is significant risk of valuation reversion in the short term.

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• ✅ Clear long-term growth logic, sustained industry prosperity
• ✅ Stable leading position in the industry with obvious competitive advantages
• ✅ Latest financial report exceeded expectations, fundamentals improved
• ⚠️ Excessive short-term gains, relatively high valuation
• ⚠️ Technical indicators show correction needs

Strategy	Recommendation	Target Price
Short-Term	Avoid chasing highs, reduce positions on rallies	RMB 30-32
Mid-Term	Position when price pulls back to the RMB 26-27 range	RMB 35-40
Long-Term	Mainly hold positions	Above RMB 50 (subject to performance realization)

1. Valuation Reversion Risk
   : P/E ratio reaches 46x, significantly higher than the historical average
2. Policy Volatility Risk
   : Changes in new energy subsidy policies
3. Raw Material Price Risk
   : Fluctuations in costs of steel, copper, etc.
4. Technological Iteration Risk
   : Rapid updates in wind turbine technology
5. Intensified Market Competition Risk
   : Risk of price wars among complete machine manufacturers

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Goldwind Science & Technology’s limit-up today is mainly driven by short-term market sentiment and sector rotation, and its sustainability

. From a technical perspective, short-term correction risk is high; but from a fundamental perspective, as an industry leader, the company’s long-term investment value remains significant.

, avoid chasing highs and selling lows, and focus on the performance realization in the annual report and first quarterly report.

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[0] Jinling AI Financial Database - Goldwind Science & Technology Real-Time Quotes, Technical Analysis, and Company Profile