Multiple favorable factors collectively propel the explosive growth of the wind power sector

[Global Network Financial News] Recently, the wind power sector has performed remarkably well in the capital markets, continuing its upward trend. As of March 13, the average year-to-date increase of the 50 listed companies in the Wind Power sector is nearly 27%, significantly outperforming the Shanghai Composite Index. Behind this rally are multiple positive factors, including top-level policy support for the wind power industry, tariff reductions in overseas markets, rapid growth in installed capacity, and explosive corporate performance.

From a policy perspective, the strategic importance of the wind power industry has significantly increased. The 2026 government work report for the first time defines “future energy” as a “future industry” and proposes establishing mechanisms for investment growth and risk sharing, laying a solid policy foundation for the long-term development of the wind power sector. Additionally, positive news has come from international markets. The UK government announced the removal of 33 wind turbine component import tariffs starting April 1, aiming to accelerate the construction of North Sea offshore wind projects. CICC Securities analysts believe this move not only aligns with the upcoming peak in offshore wind installations in the UK but also directly reduces manufacturing costs, providing broad opportunities for Chinese wind power companies to expand overseas. On the energy security front, recent international oil price fluctuations have intensified, further highlighting the vital role of new energy sources like wind and solar in safeguarding national energy security and maintaining autonomous control.

The strong performance of industry fundamentals is the core driver supporting the sector’s strength. According to the National Energy Administration, by 2025, new wind power installations nationwide will reach 120 million kilowatts, a year-on-year increase of 51%, with cumulative grid-connected capacity reaching 640 million kilowatts. As the world’s largest wind turbine manufacturer, China’s globalization efforts are entering an accelerated phase. By 2025, China’s wind turbine exports are expected to grow by 48.7% year-on-year, with exports to the EU increasing by as much as 65.9%. In the global wind turbine manufacturing market share rankings, Chinese companies have for the first time taken the top six positions, occupying eight of the top ten spots, marking a historic breakthrough in international competitiveness. Leading companies like Goldwind and Dajin Heavy Industries have full overseas orders; by the end of 2025, Dajin Heavy Industries’ overseas order backlog exceeded 10 billion yuan, with its European market share continuing to rise.

Performance realization further confirms the high prosperity of the industry. Statistics show that among 25 wind power companies that have disclosed their 2025 results, 22 achieved profitability, and 13 reported year-on-year profit growth or turned profitable. Notably, Xinqianglian benefited from the industry’s demand recovery, with its 2025 net profit growth lower limit approaching 11 times; Haili Wind Power and Dajin Heavy Industries both saw net profit increases of over 130%; companies like Hengrui Co., Ltd. and Tianneng Heavy Industries successfully turned losses into profits. These high-performing companies not only have impressive earnings but also lead the market in stock performance, with average increases of over 29% so far this year. It is worth noting that institutional investors are highly focused on the wind power sector; Tianshun Wind Power and Dajin Heavy Industries have been visited by hundreds of institutions for research within the year, indicating strong market optimism about the future of the wind power track.

Industry experts believe that the sector’s strong performance results from the combined effects of policy dividends, domestic and international demand resonance, and enhanced corporate competitive advantages. Externally, the global energy transition is urgent, with rising demand for clean energy from data centers and other large electricity consumers in Europe and beyond providing incremental markets for Chinese wind power companies to “go global.” Internally, the establishment of China’s “future energy” strategic positioning, coupled with technological iteration and cost advantages, has strengthened the bargaining power and profitability of China’s wind power industry chain in global competition. As overseas tariffs are dismantled and major domestic projects under the 14th Five-Year Plan advance, the wind power industry has entered an upward cycle. Leading enterprises with strong export capabilities, high technological barriers, and ample orders are expected to continue benefiting from industry dividends in the future. (Wen Xin)