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Xinjiang Goldwind Science & Technology Co
(2208)
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Rating:52Neutral
Price Target:
HK$10.00
▼(-0.40% Downside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by weak cash flow (persistently negative free cash flow) and higher leverage, despite improving revenue and margins. Technical indicators also point to weak momentum, while valuation is only moderately supportive given a ~25.7 P/E and ~2.29% dividend yield.
Positive Factors
Accelerating Revenue Growth
Faster top-line growth indicates stronger demand for Goldwind’s wind turbines and related offerings. Sustained revenue expansion can improve scale, support capacity utilization, and provide a broader base for recurring service revenue.
Negative Factors
Rising Financial Leverage
The sharp increase in leverage reduces financial flexibility and raises sensitivity to operating volatility, interest costs, and project execution risks. Higher debt may constrain investment capacity if industry conditions or profitability weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Faster top-line growth indicates stronger demand for Goldwind’s wind turbines and related offerings. Sustained revenue expansion can improve scale, support capacity utilization, and provide a broader base for recurring service revenue.
Read all positive factors
Xinjiang Goldwind Science & Technology Co (2208) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$80.20B
Dividend Yield2.52%
Average Volume (3M)23.81M
Price to Earnings (P/E)25.7
Beta (1Y)1.15
Revenue Growth24.02%
EPS Growth68.77%
CountryHK
Employees11,890
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.17
Shares Outstanding773,572,400
10 Day Avg. Volume11,661,141
30 Day Avg. Volume23,808,703
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.16
Price to Sales (P/S)0.69
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$17.74Price Target Upside76.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)0.98
Revenue Forecast (FY)HK$90.36B
Xinjiang Goldwind Science & Technology Co Business Overview & Revenue Model
Company Description
Xinjiang Goldwind Science & Technology Co., Ltd., through its various subsidiaries, offers wind energy solutions across China and internationally. The company organizes its business into four primary divisions: Wind Turbine Generator (WTG) Manufac...
How the Company Makes Money
Goldwind primarily makes money by selling wind turbine generator systems (WTGS) to wind farm developers and power producers. Revenue is typically recognized through contracts for the delivery of turbines, towers/blades and other components (where ...
Xinjiang Goldwind Science & Technology Co Earnings Call Summary
Earnings Call Date:Aug 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 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
72
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.20B | 73.02B | 56.70B | 50.46B | 46.44B | 50.57B |
| Gross Profit | 13.91B | 10.36B | 7.82B | 8.65B | 8.20B | 11.41B |
| EBITDA | 9.75B | 7.36B | 6.70B | 6.69B | 6.85B | 8.11B |
| Net Income | 5.10B | 2.77B | 1.86B | 1.33B | 2.38B | 3.73B |
Balance Sheet | ||||||
| Total Assets | 170.88B | 166.57B | 155.22B | 143.49B | 136.82B | 119.36B |
| Cash, Cash Equivalents and Short-Term Investments | 11.30B | 11.33B | 12.62B | 14.95B | 16.13B | 8.98B |
| Total Debt | 42.28B | 32.32B | 35.30B | 33.50B | 37.45B | 30.70B |
| Total Liabilities | 122.40B | 119.31B | 114.80B | 103.27B | 96.48B | 82.94B |
| Stockholders Equity | 44.42B | 43.46B | 38.53B | 37.61B | 38.10B | 35.54B |
Cash Flow | ||||||
| Free Cash Flow | -6.23B | -3.51B | -5.35B | -4.92B | -3.14B | -5.80B |
| Operating Cash Flow | 5.15B | 3.00B | 2.32B | 1.85B | 5.88B | 4.89B |
| Investing Cash Flow | -3.45B | -4.90B | -5.72B | -1.82B | -6.14B | -7.87B |
| Financing Cash Flow | 1.85B | -416.60M | 1.65B | -1.99B | 6.92B | 3.47B |
Xinjiang Goldwind Science & Technology Co Technical Analysis
Negative
10.04
Price Trends
9.92
Negative
11.73
Negative
12.87
Negative
Market Momentum
-0.31
Positive
40.38
Neutral
27.37
Neutral
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 10.04 is above the 20-day moving average (MA) of 9.62, above the 50-day MA of 9.92, and below the 200-day MA of 12.87, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 40.38 is Neutral, neither overbought nor oversold. The STOCH value of 27.37 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$33.99B | 8.59 | 18.09% | 2.73% | 13.48% | 55.89% | |
58 Neutral | HK$6.80B | 5.90 | 10.15% | 7.66% | 19.90% | 67.16% | |
54 Neutral | HK$114.68B | 18.46 | 10.15% | 3.09% | 10.07% | 40.67% | |
52 Neutral | HK$80.20B | 25.66 | 8.04% | 2.52% | 24.02% | 68.77% | |
51 Neutral | HK$1.73B | 3.79 | 4.42% | 4.52% | -18.58% | ― | |
50 Neutral | HK$106.12B | 75.32 | 0.60% | 0.55% | 16.39% | 46.43% |
* Industrials Sector Average
HK:2208
Xinjiang Goldwind Science & Technology Co
9.14
-1.24
-11.94%
HK:0658
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1.02
-0.51
-33.33%
HK:1072
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19.66
2.83
16.82%
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Shanghai Electric Group Company
3.00
-0.46
-13.42%
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Chongqing Machinery & Electric Co. Ltd. Class H
1.80
-0.08
-4.01%
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Harbin Electric Co. Ltd. Class H
14.89
5.23
54.09%
Xinjiang Goldwind Science & Technology Co Corporate Events
Goldwind Posts Strong Interim Revenue and Profit Growth for First Half of 2026
Aug 25, 2026
Goldwind Science Technology reported unaudited interim results for the six months ended 30 June 2026 showing solid top-line growth and improved profitability. Revenue rose to RMB33.70 billion from RMB28.49 billion a year earlier, driving gross pr...
Goldwind Sets 2026 Audit Fees at RMB12.25 Million for Deloitte
Aug 25, 2026
Goldwind Science Technology Co., Ltd. has confirmed the remuneration package for its auditors for the 2026 financial year, following approval at its 2025 annual general meeting. The board has authorized payments totaling RMB12.25 million to Deloi...
Goldwind Sets August Board Meeting to Approve 2026 Interim Results
Aug 11, 2026
Xinjiang Goldwind Science Technology Co., Ltd. has scheduled a board meeting for 25 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The announcement signals that the company is preparing to disclose it...
Goldwind Shareholders Approve All Resolutions at 2026 Extraordinary Meetings
Jul 17, 2026
Goldwind held its 2026 second extraordinary general meeting along with separate class meetings for A-share and H-share holders in Beijing on 17 July, combining on-site and online voting to approve all proposed resolutions. The meetings were conven...
Goldwind calls July EGM to alter share structure, governance and back South Africa units
Jun 29, 2026
Goldwind Science Technology has called a second extraordinary general meeting for 17 July 2026 in Beijing to seek shareholder approval for several corporate actions. The agenda includes a special resolution to repurchase and cancel a portion of i...
Goldwind Calls 2026 H-Shareholder Class Meeting on Share Buyback and Charter Changes
Jun 29, 2026
Goldwind Science Technology has called a second class meeting of its H-shareholders for 17 July 2026 in Beijing, to be held after its extraordinary and annual general meetings. The session is open to H-share investors of record as of 13 July 2026...
Goldwind Tweaks Capital Base, Moves Xinjiang Office and Updates Articles
Jun 17, 2026
Goldwind Science Technology is relocating its Xinjiang office, shifting its place of business in Urumqi from Shanghai Road in the Economic Technological Development District to a new address on Xingqinghu Road in Toutunhe District. The move refl...
Goldwind to Join Xinjiang 2026 Online Investor Reception Event
Jun 17, 2026
Goldwind Science Technology Co., Ltd. will participate in the 2026 Online Investors Collective Reception Day Event of Xinjiang listed companies, an online forum organized under the guidance of the Xinjiang Securities Regulatory Bureau. The event,...
Goldwind Sets New Board Lineup and Committee Roles
Jun 16, 2026
Xinjiang Goldwind Science Technology Co., Ltd. has announced the composition of its ninth board of directors, led by Chairman Wu Gang and Vice Chairman Cao Zhigang, and including executive, non-executive, independent non-executive, and employee r...
Goldwind Shareholders Approve 2025 Results and Dividend at Beijing AGM
Jun 16, 2026
Goldwind Science Technology Co., Ltd. held its 2025 annual general meeting on 16 June 2026 in Beijing, combining on-site and online voting in compliance with PRC company law and Hong Kong and Shenzhen listing rules. The meeting attracted particip...
Goldwind Sets Final 2025 Dividend and Details Withholding Tax for Shareholders
Jun 16, 2026
Goldwind has confirmed a final ordinary cash dividend of RMB 0.2 per share for the financial year ended 31 December 2025, with Hong Kong shareholders to receive HKD 0.23005 per share based on an exchange rate of RMB 1 to HKD 1.15025. The dividend,...
Goldwind Director Resigns After Nominating Shareholder Exits Stake
Jun 16, 2026
Goldwind Science Technology announced that non-executive director Zhang Xudong has resigned from the company’s ninth board and its strategic committee, effective 16 June 2026. Zhang, originally nominated by former shareholder Hexie Health I...
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.