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Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208)
:2208
Holding HK:2208?
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -12.61%
|Next Earnings Date:Aug 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in wind power installations and a strong domestic tender market, alongside record order backlogs and improved financial metrics. However, challenges persist with extended trade receivable days, increased asset liability ratio, and a decline in the cash to total asset ratio. Overall, the positive trends slightly outweigh the concerns.Company Guidance
During the Q3 2024 earnings call for Goldwind Science and Technology, executives provided substantial guidance on both operational and financial metrics. The company highlighted a 9% increase in sales capacity, reaching a total of 5,596 megawatts for turbines over 4 megawatts, and noted a historical high order backlog of 44.28 gigawatts. On the financial front, the first three quarters of 2024 saw a total revenue of CNY 35,839 million, with a comprehensive profit margin of 16.43%, a year-over-year increase of 2.21%. The net profit rose by CNY 531 million, and the net profit margin improved, reflecting a healthier financial position. Additionally, the asset-liability ratio slightly increased to 71.44%, while the cash to total asset ratio stood at 6.99%, ensuring adequate reserves. The operational cash flow demonstrated positive trends, aligning with the company's expectations for the full year.Increased Wind Power Installations in China
In the first 9 months of 2024, China recorded 39.1 gigawatts of new wind power grid connections, an increase of 16.8%.
Strong Domestic Public Tender Market
By the end of September, the domestic public tender market totaled 190.1 gigawatts, growing by 93% year-over-year.
Record Order Backlog
Goldwind achieved a historical high order backlog of 44.28 gigawatts by the end of the year.
Revenue and Profit Margin Growth
Total revenue for the first 3 quarters of 2024 was CNY 35,839 million. Comprehensive profit margin improved by 2.21% year-over-year, reaching 16.43%.
Improved Financial Metrics
Net profit attributable to owners increased by CNY 531 million. Asset impairment reduced by CNY 120 million, and fees reduced by CNY 260 million.
Reduction in Debt Ratio
Total liability ratio optimized from 55% in Q1 to 48% in Q3.
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Xinjiang Goldwind Science & Technology Co (HK:2208) Earnings, Revenues Date & History
HK:2208 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:2208 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | HK$6.98 | HK$7.06 | +1.15% |
| Aug 23, 2024 | HK$4.06 | HK$4.11 | +1.23% |
| Apr 26, 2024 | HK$3.01 | HK$3.08 | +2.59% |
| Mar 28, 2024 | HK$2.75 | HK$2.80 | +1.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208) report earnings?
Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208) earnings time?
Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Xinjiang Goldwind Science & Technology Co Ltd Class H stock?
The P/E ratio of Xinjiang Goldwind Science & Technology Co is N/A.
What is HK:2208 EPS forecast?
HK:2208 EPS forecast for the fiscal quarter 2024 (Q4) is 0.27.
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