Hong Kong stock concept tracking|Domestic wind power tenders picked up strongly in July, and the performance of equipment manufacturers is guaranteed (with concept stocks)

According to market news, since July, domestic central business owners have successively initiated tenders for about 12.7 GW of fans, an increase of 256%/132% compared to June of this year and July of last year, respectively.

In July, a number of large power generation groups and energy companies concentrated on launching large-scale fan procurement projects, mainly including:

The National Energy Group initiated the 2026 wind turbine framework agreement procurement, with a total volume of about 15 GW;

The China Power Investment Corporation has launched the second batch of large-scale procurement of wind turbines, with a total capacity of 5.7325 GW;

CGN recently issued tenders for the procurement of four wind power projects, with a total capacity of 2310MW (2.31GW);

Huaneng Group has initiated pre-bidding for the centralized procurement of 4205.25 MW (about 4.2 GW) wind turbines for 34 wind power projects.

The Zhitong Finance App learned that in the week from July 20 to July 26, the total number of tenders for wind power units reached 4,836 MW, with 7 developers participating; a total of 550 MW of wind power procurement bids were opened during the same period.

In addition, a number of large-scale projects were intensively tendered from early to mid-July. For example, electric wind power won the China Power Investment Corporation's large collection order of nearly one million kilowatts (993.3 MW).

Guojin Securities recently released research on the power equipment and new energy industry: against the backdrop of strong recovery on the bidding side and owners' active acceleration of supplier screening, they continue to be optimistic about leading fan companies with low valuations and subsequent profits, and flexible release.

Hong Kong stocks involved in the fan-related industry chain:

Daikin Heavy Industries (01081): Daikin Heavy Industries Vice President Jiang Haitao revealed that up to now, Daikin Heavy Industries' overseas orders have exceeded 10 billion yuan, and its products are exported to more than 30 countries and regions. Citi attributed the recent weak stock price to a slower than expected inflow of new orders from the beginning to date, as well as the relatively high valuation implied by the H-share IPO price. The current valuation of Daikin Heavy Industries is 9 times the predicted price-earnings ratio and 1.4 times the market-account ratio in 2027. Compared with its 2026-2028 compound annual growth rate of 39% in earnings per share, the valuation is not very high, and it is far lower than the 17.7 times price-earnings ratio and 3.7 times market-account ratio of European peers. The main catalytic factors include further new orders in the second half of 2026.

Goldwind Technology (02208): Huatai Securities said that Goldwind Technology is the global leader in wind power equipment. China's Lu Feng Long has a stable position. Sea Wind and overseas markets are expanding at an accelerated pace, and they are optimistic that wind power volume and price restoration will support industry beta improvement. The company has taken the lead in achieving profit recovery with an overseas first-mover advantage, and the alpha advantage is remarkable. The company has a forward-looking layout of the green hydroaminol project, leading industrialization progress, and is expected to contribute to medium- to long-term growth. In recent years, the company's dividend per share has gradually increased and maintained an active repurchase strategy, which is also expected to support a return in value.