Goldwind Science & Technology Co. Ltd. Class A · SZSE:002202
Goldwind Science & Technology Co. Ltd. Class A — H1 2026 Earnings Presentation
21 slides from Goldwind Science & Technology Co. Ltd. Class A's earnings presentation, Aug 25, 2026
Slide 1: 2026 Interim Results
A Goldwind SMBH . + GOLDWIND SCIENCE&TECHNOLOGY Co.,LTD.” SZEx Stock Code: 002202 HKEx Stock Code: 2208”
Slide 2: Industry Review, Business Review, Financial Results
Industry Review Business Review Financial Results
Slide 3: Global Wind Power Market
3/21 Global Wind Power Market Wind power has become the most economical Global Annual New Installation (GW) renewable energy source（USD/MWh） Onshore Offshore global LCOE in 2010 global LCOE in 2025 Onshore wind 114 33 164.6 Offshore wind 208 9.3 78 116.5 117.3 Concentrated 412 solar power 115 10.8 8
Slide 4: Wind Power Development in China
4/21 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 (100 million kWh) 679 640 11.7% 10.9% 10.1% 11,300 521 9.6% 8.8% 9,916 441 365 8,858 6,867 5,984
Slide 5: China Public Tender Market
5/21 China Public Tender Market Public Tender Market (GW) Average Monthly Bidding Price (RMB/kW) 164.1 121.2 1,667 1,655 1,616 1,622 98.5 1,609 86.3 51.8 2022 2023 2024 2025 1H26 • The domestic public tender market totaled 51.8GW in 1H26, representing a • In June 2026, the average bidding price of a
Slide 6: Policy Support
6/21 Policy Support Accelerating the Adjustment and Steadily Advancing Carbon Peaking Deepening Market Oriented Energy Optimisation of the Energy Structure and Carbon Neutrality and Deepening Reform and Improving the Unified and Building a New-Type Power the Green and Low Carbon Energy National Elec
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 12,364.38 MW Sale Capacity % of change 16.19% Global Cumulative Grid-connected Attributable Installed Capaci
Slide 9: Sale Capacity (MW)
9/21 Sale Capacity （MW） Below 6MW 6MW (incl.) ~10MW 10MW and Above 26,626 During the first half of 2026 the Company′s external sale capacity 4,682 totaled 12,364MW, with an increase of 16.2% yoy, among which: • The sale capacity of WTG below 6MW totaled 1,330MW, taking 11% of total sale capacity 16,
Slide 10: Wind Turbine Order Backlog
10/21 Wind Turbine Order Backlog Order Backlog (MW) External Order Mix（MW，%） Signed Contract Successful Bid Internal Order <6MW 6MW (incl.) - 10MW ≥10MV June 30, 2026 54,835 53,733 53,934 54,142 52,461 3,023 3,241 3,234 3,183 2,587 5,223 , 10,416 9,924 , 10% 11,013 11,012 9,507 10,357 20% 41,396 38,
Slide 11: Global Business Expansion
11/21 Global Business Expansion Europe June 30, 2026 Cumulative installation 1,234.69MW Global Installations by country 46 Global Regional Centers Asia (ex.China) Cumulative installation 7 North America 4,404.03MW Cumulative installation Global R&D Centers 1,116.20MW Australia Cumulative installatio
Slide 12: Wind Power Generation
12/21 Wind Power Generation Grid-connection (MW) Grid-connection by Region Annual New Installation Cumulative Installation June 30, 2026 10,390 9,951 East China, Southern, 2,400 , 23% 765 , 8% North 8,043 China, 7,078 7,289 1,884 , 18% Northeastern, 844 , 8% Northwestern, Overseas, 2,497 4,065 , 39%
Slide 13: Wind Farm Operation & Wind Power Service
13/21 Wind Farm Operation & Wind Power Service National & Company Utilization (h) Wind Power Service (MW) National Average Company Average 60,357 2,456 2,441 50,315 2,340 2,290 39,978 30,836 27,989 1,106 2,221 2,225 2,127 917 1,979 2022 2023 2024 2025 1H26 2022 2023 2024 2025 1H26 • In the first hal
Slide 14: Financial Results
Industry Review Business Review Financial Results
Slide 15: Profitability Index
15/21 Profitability Index Revenue（Million RMB） Comprehensive Profit Margin（%） • Revenue for the first half of 2026 28,537 33,739 15.35 16.76 totaled RMB33,739 million 24,876 21.78 19,065 19,610 18,254 16.76 16.75 15,485 12.16 13.00 13.78 • The Comprehensive Profit Margin 9,472 for the first half of
Slide 16: Segment Results
Segment Results 16/21 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
Slide 17: Operation Index
Operation Index 17/21 Days of Trade Receivables（Annualized） Days of Inventory and Contract Assets（Annualized） Trade Receivables/Total Assets Days of Trade Receivables Inventory and Contract Assets/Total Assets Days of Inventory and Contract Assets 174 173 175 138 160 132 130 158 150 111 97 95 21% 21
Slide 18: Solvency Position
18/21 Solvency Position Interest-bearing Debt (Million RMB) Asset-Liability Ratio（%） Asset-Liability Ratio Equity Liability Interest-bearing Debt/Total Liabilities Interest-bearing Debt 167,307 166,495 168,032 170,909 159,012 161,553 73.08% 73.11% 71.66% 71.10% 71.81% 73.05% 54,071 50,255 48,806 49,
Slide 19: Cash Flows
Cash Flows 19/21 Cash/Total Assets（Million RMB） Net Operating Cash Flows（Million RMB） Cash/Total Assets Cash Net Operating Cash Flows 13,919 11,295 11,296 10,323 8.75% 9,586 9,451 -2,949 -1,578 4,176 5.93% 6.72% 6.61% 6.20% 5.65% 2,316 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 -31 -1,313 -1,636 -1,547 1Q25 2Q25
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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