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Goldwind Science & Technology Co Ltd
XMUN:CXGH

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Goldwind Science & Technology Co Ltd
XMUN:CXGH
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Price: 1.349 EUR Market Closed
Market Cap: 36.5B EUR

Goldwind Science & Technology Co Ltd
Investor Relations

Goldwind Science & Technology Co., Ltd., one of the vanguards in the renewable energy sector, traces its origins to the early days of China's burgeoning wind power industry. Founded in 1998, Goldwind quickly established itself as a leader in wind turbine manufacturing, leveraging China's aggressive push towards renewable energies. The company capitalizes on its extensive expertise in the design, development, and sale of wind turbine generators for both onshore and offshore applications. Its comprehensive product lineup caters to a variety of wind environments, thus allowing Goldwind to maintain a dominant presence across diverse markets. By focusing on innovation and efficiency, Goldwind has managed to create wind turbines that significantly reduce lifecycle costs while maximizing energy output, thereby meeting the rising global demand for sustainable energy solutions.

Goldwind’s revenue model is multi-faceted, involving the sale of its cutting-edge wind turbines, provision of wind power services, and active participation in wind farm developments. The sale of turbines remains the backbone of its business, supported by a strong after-sales service framework that ensures operational efficiency and customer satisfaction. Recognizing the growing trend towards digitalization, Goldwind also incorporates smart technology solutions that offer predictive maintenance and operational optimization. Furthermore, by investing in wind farm projects, Goldwind gains a steady stream of income from electricity sales and government subsidies tied to renewable energy production. Through these interconnected business streams, Goldwind positions itself not merely as a turbine manufacturer, but as a comprehensive wind power solutions provider.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 27, 2025
AI Summary
Q3 2025

Record Revenue: Goldwind reported historical high revenue of CNY 48.1 billion as of September 30, up by CNY 10.3 billion year-on-year, driven mainly by wind turbine manufacturing.

Profit Growth: Attributable net profit reached CNY 2.08 billion, increasing by CNY 792 million year-on-year due to improved profitability.

Margin Dynamics: Comprehensive profit margin slipped to 14.39%, down 2.04 percentage points, mainly due to a higher proportion of lower-margin turbine manufacturing revenue.

Strong Backlog: The company ended Q3 with a backlog of 52.5 gigawatts, of which 49.9 gigawatts were external orders, providing robust forward visibility.

International Expansion: Goldwind’s overseas business is progressing well, with an overseas backlog of 7 gigawatts and installations in 41 countries.

Improved Balance Sheet: Interest-bearing debt as a percentage of total liability was reduced by 7 percentage points, and the asset-liability ratio improved to 71.11%.

Cash Flow Progress: Net operating cash outflow narrowed substantially to CNY 633 million, benefiting from better collection and payment management.

Key Financials
Revenue
CNY 48.1 billion
Comprehensive Profit Margin
14.39%
Gross Margin (absolute)
Up by CNY 1.39 billion
Attributable Net Profit
CNY 2.08 billion
Weighted Average ROE
6.67%
Accounts Receivable as % of Assets
21%
Accounts Receivable Turnover Days
175 days
Inventory and Contract Assets as % of Assets
13%
Inventory Turnover Days
130 days
Interest-bearing Debt as % of Total Liability
41%
Total Assets
CNY 167 billion
Asset-Liability Ratio
71.11%
Cash as % of Total Assets
5.65%
Net Operating Cash Outflow
CNY 633 million
Other Earnings Calls

Management

Contacts

Address
BEIJING
Beijing
No. 8, Boxing Yi Road, Economic and Technological Development Zone
Contacts
+861067511996
www.goldwind.com.cn