Xinjiang Goldwind Science & Technology Co Ltd Class H (HK:2208)
:2208
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Xinjiang Goldwind Science & Technology Co
(2208)
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Select Model
Rating:54Neutral
Price Target:
HK$14.00
▲(3.09% Upside)
Action:ReiteratedDate:03/29/26
The score is primarily constrained by weak cash generation (consistently negative free cash flow) and thinner profitability despite revenue growth. Technical signals also lean soft with the stock below key short- and medium-term moving averages. Offsetting these risks, valuation appears favorable with a low P/E and improved leverage in 2025.
Positive Factors
Integrated wind value chain
Goldwind’s integrated model—turbine manufacturing plus EPC, O&M and project development—creates diversified, recurring revenue streams and cross‑sell opportunities. An installed base with service contracts supports steady aftermarket income and resilience across installation cycles over months to years.
Negative Factors
Persistent negative FCF
Repeatedly negative free cash flow and weak cash conversion indicate earnings are not being converted to self‑funding cash. This reliance on external funding or asset sales constrains capital allocation, limits cushion for shocks, and raises execution risk for new project investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated wind value chain
Goldwind’s integrated model—turbine manufacturing plus EPC, O&M and project development—creates diversified, recurring revenue streams and cross‑sell opportunities. An installed base with service contracts supports steady aftermarket income and resilience across installation cycles over months to years.
Read all positive factors
Xinjiang Goldwind Science & Technology Co (2208) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$105.33B
Dividend Yield1.14%
Average Volume (3M)24.38M
Price to Earnings (P/E)18.6
Beta (1Y)1.09
Revenue Growth25.84%
EPS Growth26.05%
CountryHK
Employees11,126
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.07
Shares Outstanding773,572,400
10 Day Avg. Volume13,808,170
30 Day Avg. Volume24,379,002
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.16
Price to Sales (P/S)0.71
P/FCF Ratio-14.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$18.73Price Target Upside37.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.98
Revenue Forecast (FY)HK$91.52B
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...
How the Company Makes Money
Goldwind primarily makes money through (1) selling wind turbine generator systems and related components/equipment to wind farm developers and power producers, where revenue is recognized from delivering equipment and fulfilling contract obligatio...
Xinjiang Goldwind Science & Technology Co Earnings Call Summary
Earnings Call Date:Aug 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 25, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in WTG sales and revenue, with improved financial metrics and cash flow management. Despite some challenges in utilization hours and the environmental protection segment, the overall performance and strategic outlook were strong.Positive Updates
Significant Increase in WTG Sales
WTG sales grew by almost 100%, accounting for 76% of all revenue. External sales capacity increased by 106% year-on-year, reaching 10,641 megawatts.
Negative Updates
Decrease in Utilization Hours
National average wind utilization decreased by 47 hours year-on-year, with the company's South wind farms recording 1,265 hours, 168 hours higher than the national average but still a decrease.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant Increase in WTG Sales
WTG sales grew by almost 100%, accounting for 76% of all revenue. External sales capacity increased by 106% year-on-year, reaching 10,641 megawatts.
Read all positive updates
Company Guidance
During the Goldwind 2025 Interim Results Announcement Call, the company provided key metrics reflecting robust growth and operational efficiency. Global new wind installations in 2024 reached 117 gigawatts, with onshore and offshore contributing 109 and 8 gigawatts, respectively. China's new grid connections in the first half of 2025 surged by nearly 100%, totaling 51.4 gigawatts, with onshore contributing 48.9 gigawatts. Goldwind's WTG sales grew by almost 100%, representing 76% of revenue, while the Wind Farm Development segment accounted for 11%. The company's revenue reached CNY 21.852 billion, with a gross profit margin of 15.35%. The WTG manufacturing business, contributing significantly to the revenue, recorded an external sales capacity of 10,641 megawatts, a 106% year-on-year increase. The order backlog stood at 54.8 gigawatts globally, with an overseas backlog of 7,360 megawatts. Financially, Goldwind's net attributable profit rose to CNY 1,488 million, and the return on equity improved to 3.85%. The company also reported significant improvements in cash flow and asset liability management, with a focus on optimizing debt structure and enhancing capital utilization.Xinjiang Goldwind Science & Technology Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 70.90B | 56.70B | 50.46B | 46.44B | 50.57B |
| Gross Profit | 9.50B | 7.82B | 8.65B | 8.20B | 11.41B |
| EBITDA | 7.62B | 6.70B | 6.69B | 6.85B | 8.11B |
| Net Income | 2.70B | 1.86B | 1.33B | 2.38B | 3.73B |
Balance Sheet | |||||
| Total Assets | 166.57B | 155.22B | 143.49B | 136.82B | 119.36B |
| Cash, Cash Equivalents and Short-Term Investments | 11.33B | 12.62B | 14.95B | 16.13B | 8.98B |
| Total Debt | 32.32B | 35.30B | 33.50B | 37.45B | 30.70B |
| Total Liabilities | 119.05B | 114.80B | 103.27B | 96.48B | 82.94B |
| Stockholders Equity | 43.46B | 38.53B | 37.61B | 38.10B | 35.54B |
Cash Flow | |||||
| Free Cash Flow | -3.51B | -5.35B | -4.92B | -3.14B | -5.80B |
| Operating Cash Flow | 3.00B | 2.32B | 1.85B | 5.88B | 4.89B |
| Investing Cash Flow | -4.90B | -5.72B | -1.82B | -6.14B | -7.87B |
| Financing Cash Flow | -416.60M | 1.65B | -1.99B | 6.92B | 3.47B |
Xinjiang Goldwind Science & Technology Co Technical Analysis
Negative
13.58
Price Trends
14.70
Negative
14.14
Negative
11.99
Positive
Market Momentum
-0.16
Positive
41.71
Neutral
10.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2208, the sentiment is Negative. The current price of 13.58 is below the 20-day moving average (MA) of 15.07, below the 50-day MA of 14.70, and above the 200-day MA of 11.99, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 41.71 is Neutral, neither overbought nor oversold. The STOCH value of 10.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2208.
Xinjiang Goldwind Science & Technology Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$52.37B | 12.86 | 15.55% | 1.44% | 34.78% | 98.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$148.68B | 19.53 | 7.88% | 1.69% | 20.99% | -5.99% | |
61 Neutral | HK$255.39B | 13.71 | 13.21% | 3.98% | 3.55% | 8.89% | |
54 Neutral | HK$105.33B | 18.64 | 6.78% | 1.14% | 25.84% | 26.05% | |
48 Neutral | HK$128.31B | 44.90 | 2.23% | ― | 7.59% | 376.62% | |
45 Neutral | HK$3.19B | -3.37 | -69.18% | ― | -4.88% | -860.80% |
* Industrials Sector Average
HK:2208
Xinjiang Goldwind Science & Technology Co
14.30
10.30
257.68%
HK:0658
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1.95
1.11
132.14%
HK:1072
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39.08
30.03
331.73%
HK:2727
Shanghai Electric Group Company
4.05
1.68
70.89%
HK:2338
Weichai Power Co
29.94
15.71
110.34%
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Harbin Electric Co. Ltd. Class H
23.42
19.74
536.24%
Xinjiang Goldwind Science & Technology Co Corporate Events
Goldwind Updates Accounting Policies to Align With New Chinese Standards
Mar 27, 2026
Goldwind Science Technology has updated its accounting policies to align with Interpretation No. 19 of the Accounting Standards for Business Enterprises, issued by China’s Ministry of Finance and effective from 1 January 2026. The changes a...
Goldwind Profit Surges on Strong 2025 Revenue Growth
Mar 27, 2026
Goldwind reported a strong set of annual results for the year ended 31 December 2025, with revenue rising to RMB 72.78 billion from RMB 56.52 billion and gross profit improving to RMB 10.24 billion. Net profit attributable to shareholders more tha...
Goldwind Proposes RMB 0.2 Final Dividend for 2025, Details Pending
Mar 27, 2026
Goldwind Science Technology has proposed a final ordinary cash dividend of RMB 0.2 per share for the financial year ended 31 December 2025, subject to shareholder approval. Key details including the default payout currency for Hong Kong sharehold...
Goldwind Sets March 2026 Board Meeting to Review 2025 Results and Dividend
Mar 16, 2026
Goldwind Science Technology has scheduled a board meeting for 27 March 2026 in Hong Kong to review and approve the consolidated financial results for the year ended 31 December 2025. The board will also consider the recommendation of a final divi...
Goldwind Terminates Infrastructure REITs Application Citing Resource Consolidation
Jan 19, 2026
Goldwind Science Technology Co., Ltd. has decided to terminate its application for issuing an infrastructure publicly offered securities investment fund (REITs) that was to be listed on the Shenzhen Stock Exchange and backed by the Quannan Tianpa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.