Xinjiang Goldwind Science & Technology Co (2208) AI Stock Analysis

• Market Cap: HK$135.87B
• Dividend Yield: 1.14%
• Average Volume (3M): 24.38M
• Price to Earnings (P/E): 34.9
• Beta (1Y): 1.15
• Revenue Growth: 25.84%
• EPS Growth: 26.05%
• Country: HK
• Employees: 11,126
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.28
• Shares Outstanding: 773,572,400
• 10 Day Avg. Volume: 13,808,170
• 30 Day Avg. Volume: 24,379,002
• PEG Ratio: 0.37
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -5.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$15.20
• Price Target Upside: -8.81% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$15.00 ▼(-10.02% Downside)

The score is held back primarily by weakening profitability, a sharp 2024 revenue decline, and poor cash flow quality (negative free cash flow). Technical signals are supportive with an uptrend and positive momentum, but valuation is relatively expensive (P/E ~31) with a low dividend yield, limiting upside appeal without a financial turnaround.

Positive Factors

Integrated wind-power value chain

Goldwind's vertical scope—design/manufacture, development, EPC and O&M—creates durable competitive advantages through control of technology, installation and lifecycle services. This integration supports cross-selling, capture of project margins and resilience versus single-segment peers over multiple cycles.

Recurring service revenue from O&M

Long-term O&M and after-sales contracts provide sticky, annuity-like revenue that smooths cash flows across project cycles. High service attachment rates can lift lifetime margins, improve visibility of mid-term revenue and support retention of installed base advantages over 2–6 months and beyond.

Moderate leverage supporting operations

A debt-to-equity near 0.9 is moderate for capital-intensive equipment and project work, enabling financing of production and project pipelines without extreme balance-sheet strain. This structural capacity to lever at reasonable levels supports growth and project execution if cash generation stabilizes.

Negative Factors

Weak cash generation and negative free cash flow

Very low OCF/revenue and negative free cash flow indicate cash conversion issues and heavy working-capital or capex needs. Persisting this shortfall raises refinancing and funding risk, limits reinvestment or dividend capacity, and constrains strategic flexibility over the medium term.

Margin erosion and volatile revenue

Steep margin compression alongside a sharp ~49% revenue decline signals durable demand, pricing or mix pressures. If structural, these reduce earnings power, impair operating leverage and make margin recovery difficult absent product mix improvements, cost fixes, or demand normalization.

Low returns on equity

A falling ROE indicates capital is generating weak returns relative to historical levels, reflecting either lower margins or heavy capital intensity. Persistently low ROE undermines shareholder value creation, limits surplus capital for growth, and pressures strategic options over the medium term.

Xinjiang Goldwind Science & Technology Co Business Overview & Revenue Model

Company Description

Xinjiang Goldwind Science & Technology Co., Ltd., together with its subsidiaries, provides wind power solutions in China and internationally. The company operates through four segments: WTG Manufacturing, Wind Power Services, Wind Farm Development, and Others. The WTG Manufacturing segment engages in the research and development, manufacture, and sale of wind turbine generators and spare parts. The Wind Power Service segment offers wind power construction, post-warranty, and asset management services. The Wind Farm Development segment engages in the development and operation of wind farms, which consists of wind power generation services through its wind farms, as well as the sale of wind farms. The Other segment is involved in the operation of water treatment plants. It also engages in the development and operation of solar power generation projects; and financial leasing business. Xinjiang Goldwind Science & Technology Co., Ltd. was founded in 1998 and is based in Urumqi, China.

How the Company Makes Money

Goldwind makes money primarily through the sale of wind turbines and related equipment. The company's revenue model is centered around manufacturing and selling high-performance wind turbines to energy producers and utility companies worldwide. Additionally, Goldwind generates income from providing wind farm development services, including project management, installation, and maintenance services. The company also offers long-term service agreements and after-sales support, which contribute to recurring revenue streams. Strategic partnerships with international and domestic energy firms, as well as government contracts for renewable energy projects, play a significant role in bolstering Goldwind's earnings. Additionally, Goldwind invests in research and development to enhance its product offerings and maintain a competitive edge in the renewable energy market.

Xinjiang Goldwind Science & Technology Co Financial Statement Overview

Summary

Xinjiang Goldwind Science & Technology Co demonstrates robust revenue growth and cash flow generation, essential for sustaining operations and future investments. While profitability margins are moderate, the company’s high debt level poses a risk. Overall, the financial health is stable but could benefit from improved cost management and debt reduction.

Income Statement

The company shows a solid revenue trajectory, with the TTM revenue increasing by 4.4% from the previous year. Gross profit margin stands at 13.6% for TTM, indicating a healthy markup on products. However, the net profit margin for TTM is relatively low at 3.5%, reflecting significant costs or expenses. EBIT and EBITDA margins are moderate at 4.6% and 6.3% respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The balance sheet reflects a stable equity position with an equity ratio of 24.6%. However, the company has a substantial debt load, with a debt-to-equity ratio of 0.95, indicating high leverage. Return on equity is moderate at 5.4%, suggesting average returns for shareholders given the equity base.

Cash Flow

Strong operating cash flow of 6.7 billion in TTM surpasses net income, indicating robust cash generation. Free cash flow growth is apparent, supporting future investment and debt repayment. The operating cash flow to net income ratio is solid at 3.2, indicating efficient cash conversion from earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	65.03B	56.70B	50.46B	46.44B	50.57B	56.27B
Gross Profit	8.52B	7.82B	8.65B	8.20B	11.41B	9.98B
EBITDA	3.50B	6.70B	6.69B	6.85B	8.11B	6.11B
Net Income	1.96B	1.86B	1.33B	2.38B	3.73B	2.96B
Balance Sheet
Total Assets	161.55B	155.22B	143.49B	136.82B	119.36B	109.14B
Cash, Cash Equivalents and Short-Term Investments	10.38B	12.62B	14.95B	16.13B	8.98B	8.77B
Total Debt	36.15B	35.30B	33.50B	37.45B	30.70B	25.56B
Total Liabilities	118.07B	114.80B	103.27B	96.48B	82.94B	74.16B
Stockholders Equity	39.77B	38.53B	37.61B	38.10B	35.54B	34.17B
Cash Flow
Free Cash Flow	16.21M	-5.35B	―	―	―	―
Operating Cash Flow	5.87B	2.32B	1.85B	5.88B	4.89B	5.38B
Investing Cash Flow	-1.84B	-5.72B	-1.82B	―	―	―
Financing Cash Flow	4.28B	1.65B	-1.99B	6.92B	3.47B	1.47B

Xinjiang Goldwind Science & Technology Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2208, the sentiment is Positive. The current price of 16.67 is above the 20-day moving average (MA) of 14.23, above the 50-day MA of 13.34, and above the 200-day MA of 9.36, indicating a bullish trend. The MACD of 0.84 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 77.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2208.

Xinjiang Goldwind Science & Technology Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2338	74 Outperform	HK$179.23B	14.13	12.91%	3.98%	3.55%	8.89%
1133	74 Outperform	HK$40.36B	16.89	15.06%	1.44%	34.78%	98.79%
1072	73 Outperform	$98.55B	24.15	7.71%	1.69%	20.99%	-5.99%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2727	54 Neutral	HK$142.77B	61.04	1.93%	―	7.59%	376.62%
2208	53 Neutral	HK$135.87B	34.87	6.78%	1.14%	25.84%	26.05%
0658	45 Neutral	HK$3.11B	-0.46	-69.18%	―	-4.88%	-860.80%

Xinjiang Goldwind Science & Technology Co Corporate Events

Goldwind Shareholders Approve All Resolutions at December Extraordinary Meetings

Goldwind Science & Technology Co., Ltd. announced that all resolutions proposed at its 2025 third extraordinary general meeting, along with concurrent A-share and H-share class meetings held on 19 December 2025 in Beijing, were duly passed. The meetings, convened by the board and conducted via a combination of on-site and online voting, saw active shareholder participation across both A and H share classes, with nearly 40% of total share capital represented at the EGM and robust on-site attendance by major shareholders and management. The company confirmed that the meetings complied with PRC company law, Shenzhen and Hong Kong listing rules, and its articles of association, signaling procedural rigor and reinforcing corporate governance standards for both domestic and international stakeholders.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$16.70 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Announces EGM to Discuss Key Resolutions

Goldwind Science & Technology Co., Ltd. has announced an Extraordinary General Meeting (EGM) scheduled for December 19, 2025, to discuss several key resolutions. These include the proposed repurchase and cancellation of restricted shares under the A Share Incentive Scheme, changes in registered capital, amendments to the Articles of Association, and approval of the estimated annual cap for related party transactions for 2026. These resolutions, if approved, could significantly impact the company’s capital structure and governance, potentially influencing its market position and stakeholder relations.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$16.70 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Announces H Shareholders’ Meeting to Discuss Key Resolutions

Goldwind Science & Technology Co., Ltd. has announced a meeting for its H shareholders to discuss and potentially approve the repurchase and cancellation of restricted shares under its A Share Incentive Scheme, as well as changes to its registered capital and amendments to its Articles of Association. These resolutions, if approved, could impact the company’s capital structure and shareholder value, reflecting its strategic focus on optimizing shareholder returns and aligning its corporate governance with its growth objectives.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$16.70 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Announces Capital Adjustment and Article Amendments

Goldwind Science & Technology Co., Ltd. has announced a change in its registered capital and proposed amendments to its Articles of Association. This decision follows the resignation of 15 participants and the failure of 2 participants in the performance appraisal under the company’s 2024 Restricted Share Incentive Scheme, leading to the repurchase and cancellation of 1,279,000 restricted shares. Consequently, the company’s total share capital will decrease, necessitating amendments to its Articles of Association. These changes are subject to shareholder approval, and the company plans to issue a circular for the upcoming general meeting.

The most recent analyst rating on (HK:2208) stock is a Hold with a HK$12.00 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Enhances Governance with New Nomination Committee

Xinjiang Goldwind Science & Technology Co., Ltd. has established a Nomination Committee to improve its corporate governance structure and decision-making processes. This committee is tasked with formulating criteria and procedures for the nomination, appointment, and removal of directors and senior management, thereby supporting the company’s strategic goals and ensuring effective leadership succession planning.

The most recent analyst rating on (HK:2208) stock is a Hold with a HK$12.00 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Successfully Issues Third Tranche of Green Technology Bonds

Goldwind Science & Technology Co., Ltd. announced the successful issuance of its third tranche of Green Technology Innovation Bonds in 2025, with a registration amount of RMB3 billion. This move underscores Goldwind’s commitment to green technology and enhances its financial capacity to invest in sustainable energy projects, potentially strengthening its market position and benefiting stakeholders.

The most recent analyst rating on (HK:2208) stock is a Hold with a HK$12.00 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Announces Successful Issuance of Green Technology Bonds

Goldwind Science & Technology Co., Ltd. announced the results of the issuance of its second tranche of Green Technology Innovation Bonds in 2025. The company has received approval to issue long-term option-embedded medium-term bonds with a total amount not exceeding RMB3 billion. This move is part of Goldwind’s strategy to strengthen its financial position and support its ongoing commitment to green technology innovation, potentially impacting its operations and positioning within the renewable energy industry.

The most recent analyst rating on (HK:2208) stock is a Hold with a HK$11.82 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Releases 2025 Q3 Financial Results

Xinjiang Goldwind Science & Technology Co., Ltd. has released its unaudited financial results for the third quarter of 2025, prepared in accordance with PRC GAAP. The announcement, made under Hong Kong’s listing rules and securities regulations, assures stakeholders of the report’s accuracy and completeness, reflecting the company’s commitment to transparency in its financial disclosures.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Signs 2026 Product Sales Framework Agreement with Xinjiang Wind Power

Goldwind Science & Technology Co., Ltd. announced the signing of the 2026 Product Sales Framework Agreement with Xinjiang Wind Power, a substantial shareholder and connected person of the company. This agreement, effective from January 1, 2026, to December 31, 2026, outlines the terms for continuing connected transactions related to the sale of products. The agreement follows a tender process for pricing, ensuring compliance with market standards and regulatory requirements. The transactions are subject to announcement and annual review but are exempt from independent shareholders’ approval, indicating streamlined operations and potential growth in sales with Xinjiang Wind Power.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.

Goldwind Announces Board Meeting to Review Financial Results

Goldwind Science & Technology Co., Ltd. has announced that its board of directors will hold a meeting on October 24, 2025, to review and approve the unaudited financial results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:2208) stock is a Buy with a HK$14.40 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.