CITIC Securities has observed that the recent onshore wind turbine procurement bidding results announced by State Power Investment Corporation indicate a rebound in winning bid prices for wind turbines, signaling the establishment of an upward trend in domestic wind turbine prices. The wind power industry is currently experiencing a robust recovery in both supply and demand dynamics, augmented by the substantial long-term growth potential stemming from the "dual-sea" strategy. This is anticipated to catalyze a synchronized resurgence in both performance and valuation across the entire sector. Specifically, the second quarter of 2025 is projected to witness a period of high prosperity for both components and complete wind turbines, with a concentrated release of component prices and volumes. Furthermore, the trend towards profit recovery for wind turbines within the year remains distinct. Consequently, investors are advised to prioritize wind turbine enterprises that exhibit greater pricing flexibility, along with leading parts enterprises that stand to benefit from price increases within the industrial chain and swift increases in capacity utilization.