---
title: "Goldwind tumbles 8% in Hong Kong after satellite launch failure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295494690.md"
description: "Goldwind tumbles 8% in Hong Kong after satellite launch failure, LandSpace rocket delay"
datetime: "2026-08-11T06:44:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295494690.md)
  - [en](https://longbridge.com/en/news/295494690.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295494690.md)
generator: "portal-rs"
---

# Goldwind tumbles 8% in Hong Kong after satellite launch failure

Goldwind (2208.HK) tumbled more than **8%** in Hong Kong trading to **HK$10.23**, dragged lower by weakness in the commercial aerospace sector after a satellite launch failure.

China's Zhongxing 4B satellite launch from the Wenchang Space Launch Site on Aug 10 using a Long March 7A rocket experienced an anomaly, resulting in mission failure, according to Xinhua News Agency. Separately, LandSpace's Zhuque-3 Y2 rocket, originally scheduled for launch on Aug 11, faced a window adjustment that could delay the launch to Aug 31. Goldwind holds a stake in LandSpace, which had been expected to become China's first commercial rocket company to master recovery technology if the Zhuque-3 launch succeeded.

Shares in the power equipment sector also weakened, with wind power stocks including Haili Wind Power and Tianshun Wind Energy declining in tandem.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**