--- title: "Hong Kong Stock Movement: GUOXIA TECH surges 21.18%, no major positive news, active funds attract attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/288524433.md" description: "GUOXIA TECH surged 21.18%; Goldwind Technology fell 1.26%, with a transaction volume of HKD 291 million; Dongfang Electric fell 0.86%, with a transaction volume of HKD 169 million; Shanghai Electric fell 1.42%, with a transaction volume of HKD 66.81 million; Harbin Electric rose 0.87%, with a market value of HKD 44.2 billion" datetime: "2026-06-03T06:01:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288524433.md) - [en](https://longbridge.com/en/news/288524433.md) - [zh-HK](https://longbridge.com/zh-HK/news/288524433.md) --- # Hong Kong Stock Movement: GUOXIA TECH surges 21.18%, no major positive news, active funds attract attention **Hong Kong Stock Movement** GUOXIA TECH surged 21.18%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks Ranked High in Industry Transaction Volume** Goldwind Technology fell 1.26%. Based on recent key news: 1. On May 31, Goldwind Technology announced that the company repurchased a total of 5.6711 million A shares through a dedicated securities account via centralized bidding, accounting for approximately 0.13% of the company's total share capital, with a highest transaction price of RMB 24.00 per share and a lowest transaction price of RMB 23.33 per share, totaling approximately RMB 133 million. This move demonstrates the company's confidence in its own value, but failed to boost the stock price. 2. On May 31, Goldwind Technology also announced the cumulative repurchase of 1.51 million H shares, accounting for approximately 0.0357% of the company's total share capital, with a highest transaction price of HKD 14.51 per share and a lowest transaction price of HKD 13.64 per share, totaling approximately HKD 20.7653 million. Although the repurchase shows the company's confidence in the market, the market reaction was tepid, and the stock price still fell. 3. On May 29, Goldwind Technology first repurchased 5.6711 million A shares through a dedicated securities account via centralized bidding, accounting for approximately 0.13% of the total share capital, with a total transaction amount of approximately RMB 133 million. Although the repurchase complies with the repurchase plan and relevant laws and regulations, it failed to effectively boost market confidence. The market reacted tepidly to the repurchase, and the stock price fell. Dongfang Electric fell 0.86%. Based on recent news, 1. On June 2, the expansion of Chinese renewable energy companies in the Southeast Asian market is considered an important platform for enhancing international operational capabilities. The construction of the ASEAN power grid will promote the overall upgrade of the regional energy industry, attract long-term quality industrial investment, and enhance manufacturing competitiveness. This news had a positive impact on Dongfang Electric's stock price. 2. On June 1, Dongfang Electric recorded large transactions in pre-market trading, with a transaction amount reaching HKD 130 million, indicating high market attention and confidence in the company. 3. On May 31, the world's first supercritical carbon dioxide waste heat power generation project "Super Carbon No. 1" successfully connected to the grid, marking the full completion of this technology demonstration project. This technological breakthrough has a positive impact on Dongfang Electric's market prospects. The expansion into the Southeast Asian market and technological breakthroughs enhance competitiveness. Shanghai Electric fell 1.42%. Based on recent news, 1. On June 1, an inspection team from Linhe District, Bayannur City, visited Shanghai Electric Wind Power Group, and both parties exchanged views on cooperation in renewable energy projects. This visit aimed to deepen strategic cooperation between local enterprises and promote the development of the regional renewable energy industry, but it did not immediately have a positive impact on the stock price. 2. On June 2, Citigroup released a report maintaining a buy rating on Shanghai Electric, with a target price of HKD 4.50. Although analysts are optimistic about the company's prospects, the market reaction was tepid, and the stock price did not rise 3. Recently, there have been no other important news. The overall performance of the new energy industry is stable, with active capital flows. **Stocks ranked at the top of the industry by market capitalization** Harbin Electric rose by 0.87%. Based on recent key news: 1. On June 2, Citigroup maintained a buy rating on Harbin Electric, with a target price of HKD 30. Analysts unanimously believe the stock is a strong buy, with an average target price of EUR 3.22, boosting market confidence and driving up the stock price. 2. On May 31, Harbin Electric signed a contract worth 10.1 million Saudi Riyals with the National Metal Manufacturing and Casting Company to supply valves for the Rumah power project in Saudi Arabia. The financial impact of the contract will be reflected by the end of 2026, enhancing the company's future performance expectations. 3. Recently, there have been no other important news. 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