JP Morgan raises the target price of Goldwind Technology to 14 yuan, rating "Neutral"

JP Morgan published a research report indicating that investor interest in China's commercial aerospace sector is rapidly increasing, driven by Blue Arrow Aerospace's plan to submit an IPO application by the end of 2025. Goldwind Technology, which holds a 4.14% stake in Blue Arrow Aerospace, has seen its asset value reassessed, but the responses from various listed companies have been markedly different: since November 1, 2025, Goldwind Technology's market value has increased by over 30 billion RMB, while the H-share price has remained flat, indicating that the A-share price has driven the price increase, while H-share investors remain cautious.

The firm lowered Goldwind Technology's earnings forecast for 2025 to 2027 to between 7% and 23%, mainly due to the lack of positive earnings guidance by the end of January, suggesting that last year's net profit growth should be less than 50%. Its H-share target price was raised from 12 RMB to 14 RMB, with a rating of "Neutral."