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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Rating:55Neutral
Price Target:
HK$16.50
▲(6.38% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily held back by weak financial quality—especially persistent negative free cash flow and higher leverage—despite improving revenue. Technicals are supportive with an uptrend and positive momentum, while valuation is mixed due to a mid-range P/E and low dividend yield.
Positive Factors
Integrated business model & recurring services
Goldwind’s integrated value chain—turbine design, manufacturing plus after‑sales O&M and long‑term service contracts—creates recurring revenue streams, improves fleet uptime and customer lock‑in, and smooths cash flows across multi‑year project cycles.
Negative Factors
Persistent negative free cash flow
Multi‑year negative free cash flow (~-RMB4.0B TTM) shows cash generation lags reported profits; this constrains the company’s ability to self‑fund capex, service growth or pay dividends, and increases reliance on external financing over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated business model & recurring services
Goldwind’s integrated value chain—turbine design, manufacturing plus after‑sales O&M and long‑term service contracts—creates recurring revenue streams, improves fleet uptime and customer lock‑in, and smooths cash flows across multi‑year project cycles.
Read all positive factors
Xinjiang Goldwind Science & Technology Co (2208) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$114.54B
Dividend Yield1.14%
Average Volume (3M)24.38M
Price to Earnings (P/E)18.6
Beta (1Y)1.13
Revenue Growth29.06%
EPS Growth50.69%
CountryHK
Employees11,126
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.24
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$18.66Price Target Upside20.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.99
Revenue Forecast (FY)HK$93.30B
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 equipment to wind farm developers and power producers, with revenue recognized from equipment delivery/installation under customer contracts; (2) providi...
Xinjiang Goldwind Science & Technology Co Earnings Call Summary
Earnings Call Date:Aug 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 20, 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
63
Positive
Balance Sheet
48
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.10B | 70.90B | 56.70B | 50.46B | 46.44B | 50.57B |
| Gross Profit | 10.41B | 9.50B | 7.82B | 8.65B | 8.20B | 11.41B |
| EBITDA | 4.92B | 7.62B | 6.70B | 6.69B | 6.85B | 8.11B |
| Net Income | 3.09B | 2.70B | 1.86B | 1.33B | 2.38B | 3.73B |
Balance Sheet | ||||||
| Total Assets | 168.03B | 166.57B | 155.22B | 143.49B | 136.82B | 119.36B |
| Cash, Cash Equivalents and Short-Term Investments | 11.70B | 11.33B | 12.62B | 14.95B | 16.13B | 8.98B |
| Total Debt | 58.90B | 32.32B | 35.30B | 33.50B | 37.45B | 30.70B |
| Total Liabilities | 119.47B | 119.05B | 114.80B | 103.27B | 96.48B | 82.94B |
| Stockholders Equity | 44.71B | 43.46B | 38.53B | 37.61B | 38.10B | 35.54B |
Cash Flow | ||||||
| Free Cash Flow | -4.04B | -3.51B | -5.35B | -4.92B | -3.14B | -5.80B |
| Operating Cash Flow | 3.34B | 3.00B | 2.32B | 1.85B | 5.88B | 4.89B |
| Investing Cash Flow | -5.93B | -4.90B | -5.72B | -1.82B | -6.14B | -7.87B |
| Financing Cash Flow | -1.16B | -416.60M | 1.65B | -1.99B | 6.92B | 3.47B |
Xinjiang Goldwind Science & Technology Co Technical Analysis
Positive
15.51
Price Trends
14.58
Positive
14.26
Positive
12.30
Positive
Market Momentum
0.04
Negative
56.47
Neutral
81.44
Negative
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 15.51 is above the 20-day moving average (MA) of 14.77, above the 50-day MA of 14.58, and above the 200-day MA of 12.30, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 56.47 is Neutral, neither overbought nor oversold. The STOCH value of 81.44 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$154.72B | 19.53 | 8.91% | 1.69% | 12.95% | 21.75% | |
62 Neutral | HK$52.37B | 12.86 | 15.55% | 1.44% | 19.22% | 58.48% | |
58 Neutral | HK$10.72B | 7.99 | 8.82% | 2.50% | 12.91% | 76.99% | |
55 Neutral | HK$114.54B | 18.64 | 6.78% | 1.14% | 29.06% | 50.69% | |
48 Neutral | HK$125.14B | 44.90 | 2.23% | ― | 9.33% | 60.54% | |
45 Neutral | HK$3.19B | -3.37 | -69.18% | ― | -4.88% | -860.80% |
* Industrials Sector Average
HK:2208
Xinjiang Goldwind Science & Technology Co
16.56
11.32
215.91%
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Xinjiang Goldwind Science & Technology Co Corporate Events
Goldwind Launches New A-Share Buyback Plan Worth Up to RMB500 Million
Apr 29, 2026
Goldwind Science Technology has announced a new plan to repurchase a portion of its A shares on the Shenzhen Stock Exchange using RMB300 million to RMB500 million of self-owned funds through centralized price bidding, with all repurchased shares ...
Goldwind Delivers Strong Profit Surge in Q1 2026 Despite Cash Outflows
Apr 24, 2026
Xinjiang Goldwind Science Technology reported a strong start to 2026, with first-quarter operating income rising 63.48% year-on-year to RMB 15.48 billion and net profit attributable to shareholders up 59.65% to RMB 907 million. Earnings per share...
Goldwind Sets June 2026 AGM to Decide Dividend, Hedging and Guarantees
Apr 22, 2026
Xinjiang Goldwind Science Technology has called its annual general meeting for 16 June 2026 in Beijing, where shareholders will review the board and auditor reports, the 2025 annual report and financial statements, and decide on a proposed final ...
Goldwind Updates Timetable for 2025 Final Cash Dividend
Apr 22, 2026
Goldwind Science Technology has updated details of its proposed final cash dividend for the financial year ended 31 December 2025, confirming a payout of RMB 0.2 per share subject to shareholder approval on 16 June 2026. The timetable sets an ex-...
Goldwind Sets Board Meeting to Review First-Quarter 2026 Results
Apr 14, 2026
Goldwind Science Technology has scheduled a board meeting for April 24, 2026, to review and consider approval of the company’s first-quarter results for the period ended March 31, 2026. The announcement signals the impending release of key ...
Goldwind Completes First Tranche of 2026 Green Technology Innovation Bonds
Apr 7, 2026
Goldwind Science Technology has announced the results of its first tranche issuance of green technology innovation bonds in 2026, following prior board approval to register and issue up to RMB3 billion of long-term option-embedded medium-term bon...
Goldwind to Host Online Investor Briefing on 2025 Annual Results
Apr 7, 2026
Goldwind Science Technology Co., Ltd. has announced it will hold an online presentation to discuss its 2025 annual results, following the publication of its 2025 Annual Report on 28 March 2026. The session is scheduled for 16:00 to 17:30 on 15 Ap...
Goldwind Sets August 2026 Payment Date for 2025 Final Dividend
Mar 30, 2026
Goldwind Science Technology has updated details of its proposed final cash dividend for the financial year ended 31 December 2025, maintaining a planned payout of RMB 0.2 per share. The announcement, released in Hong Kong, confirms 28 August 2026...
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...
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.