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Xinjiang Goldwind Science & Technology Co
(2208)
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Rating:52Neutral
Price Target:
HK$7.00
▼(-30.28% Downside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by weak cash generation (consistently negative free cash flow) alongside higher leverage (debt-to-equity ~1.65), which increases financial risk despite the revenue rebound. Technicals also pressure the score given the clear downtrend (price below all key moving averages) and negative MACD, even with oversold RSI. Valuation is a modest offset, supported by a 3.29% dividend yield and a mid-range P/E.
Positive Factors
Revenue Growth
Accelerating revenue growth indicates stronger business activity and expanding demand for Goldwind’s wind power equipment and services. If maintained, this scale can support broader customer relationships, improve operating leverage, and provide a durable base for earnings recovery over the next several quarters.
Negative Factors
Margin Compression
The sharp decline in gross and net margins means recent revenue growth is translating into earnings less efficiently than in earlier years. Persistent compression could limit operating leverage, reduce resilience against cost pressure, and make future profit growth overly dependent on continued volume expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Accelerating revenue growth indicates stronger business activity and expanding demand for Goldwind’s wind power equipment and services. If maintained, this scale can support broader customer relationships, improve operating leverage, and provide a durable base for earnings recovery over the next several quarters.
Read all positive factors
Xinjiang Goldwind Science & Technology Co (2208) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$63.80B
Dividend Yield3.33%
Average Volume (3M)10.02M
Price to Earnings (P/E)19.8
Beta (1Y)0.99
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. Volume11,931,630
30 Day Avg. Volume10,023,432
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$16.88Price Target Upside68.13% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.97
Revenue Forecast (FY)HK$85.68B
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 through (1) selling wind turbine generator systems (WTGS) and related equipment to wind farm developers and power producers, where revenue is recognized from delivering turbine units and associated hardware and commi...
Xinjiang Goldwind Science & Technology Co Earnings Call Summary
Earnings Call Date:Aug 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 01, 2027
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
74
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.57B | 73.02B | 56.70B | 50.46B | 46.44B | 50.57B |
| Gross Profit | 13.73B | 10.36B | 7.82B | 8.65B | 8.20B | 11.41B |
| EBITDA | 9.68B | 7.87B | 6.70B | 6.69B | 6.85B | 8.11B |
| Net Income | 4.14B | 2.77B | 1.86B | 1.33B | 2.38B | 3.73B |
Balance Sheet | ||||||
| Total Assets | 174.36B | 166.57B | 155.22B | 143.49B | 136.82B | 119.36B |
| Cash, Cash Equivalents and Short-Term Investments | 10.55B | 11.33B | 12.62B | 14.95B | 16.13B | 8.98B |
| Total Debt | 36.63B | 32.32B | 35.30B | 33.50B | 37.45B | 30.70B |
| Total Liabilities | 124.27B | 119.31B | 114.80B | 103.27B | 96.48B | 82.94B |
| Stockholders Equity | 46.40B | 43.46B | 38.53B | 37.61B | 38.10B | 35.54B |
Cash Flow | ||||||
| Free Cash Flow | -8.11B | -3.51B | -5.35B | -4.92B | -3.14B | -5.80B |
| Operating Cash Flow | 4.38B | 3.00B | 2.32B | 1.85B | 5.88B | 4.89B |
| Investing Cash Flow | -6.83B | -4.90B | -5.72B | -1.82B | -6.14B | -7.87B |
| Financing Cash Flow | 4.91B | -416.60M | 1.65B | -1.99B | 6.92B | 3.47B |
Xinjiang Goldwind Science & Technology Co Technical Analysis
Negative
10.04
Price Trends
8.67
Negative
9.50
Negative
12.13
Negative
Market Momentum
-0.54
Positive
29.26
Positive
23.38
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 7.81, above the 50-day MA of 8.67, and below the 200-day MA of 12.13, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 29.26 is Positive, neither overbought nor oversold. The STOCH value of 23.38 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% | |
62 Neutral | HK$25.02B | 6.37 | 18.22% | 3.63% | 13.48% | 55.89% | |
60 Neutral | HK$5.18B | 4.59 | 10.15% | 10.65% | 19.90% | 67.16% | |
58 Neutral | HK$95.38B | 15.62 | 10.15% | 3.90% | 7.45% | 44.00% | |
53 Neutral | HK$1.93B | 4.36 | 4.42% | 4.52% | -18.58% | ― | |
52 Neutral | HK$63.80B | 19.85 | 7.91% | 3.33% | 24.02% | 68.77% | |
50 Neutral | HK$94.61B | 68.31 | 0.60% | 0.68% | 16.39% | 46.43% |
* Industrials Sector Average
HK:2208
Xinjiang Goldwind Science & Technology Co
6.91
-6.02
-46.54%
HK:0658
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Xinjiang Goldwind Science & Technology Co Corporate Events
Goldwind Issues Unaudited 2026 Third-Quarter Report Under PRC GAAP
Oct 23, 2026
Goldwind has released its unaudited third quarterly report for the nine months ended 30 September 2026, prepared under PRC GAAP and covering the consolidated performance of the group. The disclosure is made under Hong Kong listing and securities r...
Goldwind Sets 2027 Sales Framework With Major Shareholder Xinjiang Wind Power
Oct 23, 2026
Goldwind has entered into a new 2027 Product Sales Framework Agreement with substantial shareholder Xinjiang Wind Power to govern sales of wind turbine generators and related products after the current 2026 framework expires. The agreement runs fr...
Goldwind Plans RMB2 Billion Issue of Long-Tenor Option-Embedded Notes
Oct 23, 2026
Goldwind Science Technology Co., Ltd. plans to issue up to RMB2 billion in long-tenor option-embedded medium-term notes in China’s National Interbank Bond Market, with a tenor structure of no more than 3+N years and interest rates to be set...
Goldwind Sets October Board Meeting to Approve Nine-Month Results
Oct 9, 2026
Goldwind Science Technology has scheduled a board meeting for 23 October 2026 to review and approve the unaudited financial results for the nine months ended 30 September 2026. The upcoming disclosure of nine‑month performance will offer in...
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...
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.