Goldwind Science & Technology Co. Ltd. Class A · SZSE:002202
Goldwind Science & Technology Co. Ltd. Class A — Goldwind Sci&Tech Co H — Q2 2025 Earnings Presentation
21 slides from Goldwind Science & Technology Co. Ltd. Class A's earnings presentation, Aug 25, 2025
Slide 1: 2025 Interim Results
€ Goldwind EMSS AR BRAN) € GOLDWIND SCIENCE&TECHNOLOGY CO.,LTD. \ ) oo") SZEx Stock Code: 002202 HKEx Stock Code: 2208 aw 5 Interim Results \ Nw
Slide 2: Industry Review, Business Review, Financial Results
Industry Review Business Review Financial Results
Slide 3: Global Wind Power Market
3 Global Wind Power Market Wind power has become the most economical Global Annual New Installation (GW) renewable energy source（USD/KWh） 0.113 Onshore Offshore Onshore wind 0.034 116.6 117.0 0.208 Offshore wind 0.079 10.9 8.0 95.3 93.6 Concentrated solar 0.402 6.9 power 0.092 21.1 77.6 8.8 0.417 So
Slide 4: Wind Power Development in China
4 Wind Power Development in China Grid Connection (GW) Electricity Production (100 million kWh) New Grid-connection Cumulative Grid-connection Wind Power Production… Utilization hours Penetration Rate 573 12.1% 521 9,916 441 8,858 365 328 6,867 5,667 5,880 2,031 2,221 2,225 2,127 75.7 79.8 1,087 47.
Slide 5: China Public Tender Market
5 China Public Tender Market Public Tender Market (GW) Average Monthly Bidding Price (Rmb/kW) 164.1 1,616 1,590 98.5 1,527 86.3 1,465 1,475 71.9 54.2 2021 2022 2023 2024 1H25 • Domestic public tender market totaled 71.9GW in 1H25, representing 8.8% • In June 2025, the overall average bidding price o
Slide 6: Policy Support
6 Policy Support Improving the Energy Policy Accelerating the Establishment of a Promoting High-quality Development Framework and Promoting National Dual Carbon Emission Control System of Green Certificate Markets and Unified Electricity Market and Continuing Green Low-carbon Expanding Energy Innova
Slide 7: Business Review
Industry Review Business Review Financial Results
Slide 8: Segment Results
8 Segment Results WTG Manufacturing & Sales Wind Farm Development R&D, Manufacturing & Sales of Onshore & Offshore Wind Farm Development, Transfer & Operation WTG & Component Green Power Sale 10,641 MW Sale Capacity % of change 106.6% Global Cumulative Grid-connected Attributable Installed Capacity
Slide 9: Sale Capacity
9 Sale Capacity （MW） 6MW and Above 4MW (incl.) ~6MW Below 4MW 16,053 159 During the first half of 2025 the Company′s external sale capacity 13,871 13,772 totaled 10,641MW, with an increase of 106.6% yoy, among which: 143 1,771 6,112 • The sale capacity of WTG 6MW and above totaled 8,672MW， taking 81
Slide 10: Wind Turbine Order Backlog
10 Wind Turbine Order Backlog Order Backlog (MW) External Order Mix（MW，%） Signed Contract Successful Bid Internal Order ＜4MW 4MW (incl.) - 6MW ≥6MW June 30, 2025 54,835 601 , 1% 51,091 47,404 3,023 44,279 2,471 2,321 10,416 7,868 , 38,358 2,898 9,425 15% 8,637 2,769 11,909 10,991 39,195 41,396 36,44
Slide 11: Global Business Expansion
11 Global Business Expansion Europe June 30, 2025 Cumulative installation 881.49MW Global Installations by country 40 Global Regional Centers Asia (ex.China) Cumulative installation 7 North America 2,549.66MW Cumulative installation Global R&D Centers 1,116.20MW Australia Cumulative installation 8 1
Slide 12: Wind Power Generation
12 Wind Power Generation Grid-connection (MW) Grid-connection by Region Annual New Installation Cumulative Installation June 30, 2025 8,652 8,043 East China, 7,289 2,799 , 32% 7,078 Southern, 795 , 9% 6,068 Northeastern, North China, 316 , 4% 1,937 , 22% Overseas, 1,980 Northwestern, 1,745 1,793 433
Slide 13: Wind Farm Operation & Wind Power Service
13 Wind Farm Operation & Wind Power Service National & Company Utilization (h) Wind Power Service (MW) National Average Company Average 45,954 39,978 2,546 2,456 2,441 2,340 30,836 27,989 23,144 1,255 2,231 2,221 2,225 1087 2,127 2021 2022 2023 2024 1H25 2021 2022 2023 2024 1H25 • In the first half
Slide 14: Financial Results
Industry Review Business Review Financial Results
Slide 15: Profitability Index
15 Profitability Index Revenue（Million RMB） Profit Margin（%） • Revenue for the first half of 2025 20,202 28,537 18.25 15.35 totaled RMB28,537 million 20,860 19,065 24.89 21.78 15,637 13,223 14.75 14.09 • The Comprehensive Profit Margin 9,472 12.16 6,979 for the first half of 2025 was 9.27 15.35% 1Q2
Slide 16: Segment Results
Segment Results 16 WTG Wind Farm Wind Power Other Manufacturing Development Service Business and Sales R&D, Manufacturing & Sales of Wind Farm Development, Transfer & Comprehensive Solution of Wind Water Treatment Solution & Onshore & Offshore WTG& Component Operation, Green Power Sale Power Load-si
Slide 17: Operation Index
Operation Index 17 Days of Trade Receivables（Annualized） Days of Inventory and Contract Asset（Annualized） Trade Receivables/Total Assets Days of Trade Receivables Inventory and Contract Assets/Total Assets Days of Inventory and Contract Assets 193 161 184 181 155 172 174 173 133 132 130 122 14% 15%
Slide 18: Solvency Position
18 Solvency Position Interest-bearing Debt (Million RMB) Asset-Liability Ratio（%） Asset-Liability Ratio Equity Liability Interest-bearing Debt/Total Liability Interest-bearing Debt 55,413 55,051 159,012 161,553 52,951 156,313 155,224 49,687 50,255 48,806 142,032 144,212 73.72% 73.96% 73.05% 73.08% 7
Slide 19: Cash Flows
Cash Flows 19 Cash/Total Assets（Million RMB） Net Operating Cash Flows（Million RMB） Cash/Total Assets Cash Net Operating Cash Flows 13,919 -8,151 -2,949 11,619 10,857 10,930 8,823 9,586 8,463 8.75% 7.64% 7.49% 5.87% 5.93% 1,644 6.99% -1,636 -1,313 -2,097 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 -6,054 1Q24 2Q24
Slide 20: Disclaimer
DISCLAIMER This presentation and the information contained herein does not constitute or take the form of any recommendation for the purchase or sale of any securities of Goldwind Science&Technology Co. Ltd (“the Company”), and does not constitute an offer to purchase or sell any securities of the C
Slide 21: Goldwind Science&Technology Co.,Ltd
Goldwind Science&Technology Co.,Ltd Welcome to follow“金风投资者之家”Wechat official account SZEx Stock Code: 002202 HKEx Stock Code: 02208 Scan the QR code as follow or search “GoldwindIR” Reaching out Goldwind IR team： +86-10-6751-1996 goldwind@goldwind.com Company contacts: Ms. Ma Jinru Vice President,
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