Goldwind Science & Technology Co. Ltd. Class A · SZSE:002202
Goldwind Science & Technology Co. Ltd. Class A — Goldwind Sci&Tech Co H — Q1 2026 Earnings Presentation
18 slides from Goldwind Science & Technology Co. Ltd. Class A's earnings presentation, Apr 27, 2026
Slide 1: 2026 First Quarter Results
€ Goldwind SMAB RAB PRAG) GOLDWIND SCIENCE&TECHNOLOGY CO.,LTD.“ SZEx Stock Code: 002202 HKEx Stock Code: 2208 2026 First Quarter Results
Slide 2: Industry Review, Business Review, Financial Results
Industry Review Business Review Financial Results
Slide 3: Global Wind Power Market
3/18 Global Wind Power Market Global Annual New Installation (GW) 2025 New Installation（GW） Onshore Offshore Mainland China 120.2 5.5 125.7 169.2 India 6.3 8.1 US 6.2 Germany 6.0 122.7 116.8 Turkey 2.2 10.4 11.7 Brazil 2.0 88.0 77.1 UK 1.8 17.0 161.0 9.0 Uzbekistan 1.7 106.3 111.0 Australia 1.7 71.1
Slide 4: Wind Power Development in China
4/18 Wind Power Development in China Grid Connection (GW) Electricity Production (billion kWh) New Grid-connection Cumulative Grid-connection Wind Power Production Penetration Rate 10.9% 10.1% 640 655 9.6% 1,130.0 8.8% 521 991.6 885.8 441 762.4 120 75.7 79.8 15.8 2023 2024 2025 1Q26 2022 2023 2024 2
Slide 5: China Public Tender Market
5/18 China Public Tender Market Public Tender Market (GW) Average Bidding Price (Rmb/kW) 164.1 1,677 1,695 121.2 1,609 98.5 1,574 1,501 86.3 28.0 2022 2023 2024 2025 1Q26 • Domestic public tender market totaled 28.0GW in 1Q26, representing • In March 2026, the overall average bidding price of all WT
Slide 6: State Policies and Projects
6/18 State Policies and Projects Ecological and Environmental Code of the Recent Policies People's Republic of China • On January 30, 2026, the NDRC and the NEA have jointly issued the “Notice on Improving • On march 12 2026, the fourth session of the 14th National People's Congress voted to the Cap
Slide 7: Business Review
Industry Review Business Review Financial Results
Slide 8: Sale Capacity
8/18 Sale Capacity（MW） During the first quarter of 2026 the Company′s external sale Below 6MW 6MW (incl.) ~10MW 10MW and Above capacity totaled 6,040.89MW, with 133.45% yoy increase, among which: 26,626 • The sale capacity of WTG below 6MW totaled 554.25MW， taking 9.17% of total sale capacity 4,682
Slide 9: Wind Turbine Order Backlog
9/18 Wind Turbine Order Backlog Order Backlog (MW) External Order Mix Signed Contract Successful Bid Internal Order <6MW 6MW (incl.) - 10MW ≥10MW 31 March, 2026 54,835 53,733 53,934 51,091 52,461 3,023 3,241 3,234 2,471 2,587 10,416 9,507 5,560 , 11% 9,425 11,013 11,012 10,767 , 21% 39,195 41,396 38
Slide 10: Global Business Expansion
10/18 Global Business Expansion Europe March 31, 2026 Cumulative installation 1,112.79MW Global Installations by country 43 Global Regional Centers Asia (ex.China) Cumulative installation 7 North America 3,816.18MW Cumulative installation Global R&D Centers 1,116.2MW Australia Cumulative installatio
Slide 11: Wind Power Generation
11/18 Wind Power Generation Grid-connection (MW) Grid-connection by Region (MW) Annual New Installation Cumulative Installation 31 March, 2026 East China, 10,027 2,400 , 24% 9,951 North Southern, China, 765 , 8% 8,043 7,289 1,634 , 16% Northeastern, 844 , 9% Northwestern, Overseas, 3,951 , 39% 433 ,
Slide 12: Financial Results
Industry Review Business Review Financial Results
Slide 13: Profitability Index
13/18 Profitability Index Revenue（Million RMB） Comprehensive Profit Margin（%） 24,876 • During the first quarter of 2026 the 19,610 21.78 Company realized revenue of 19,065 16.76 RMB15,485 million 15,485 13.78 12.16 13.00 9,472 • The comprehensive profit margin for the first quarter of 2026 was 16.76
Slide 14: Operation Index
14/18 Operation Index 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 174 173 175 158 150 138 132 130 20% 21% 21% 20% 19
Slide 15: Solvency Position
15/18 Solvency Position Interest-bearing Debt (Million RMB) Asset-Liability Ratio（%） Interest-bearing Debt/Total Liability Interest-bearing Debt Asset-Liability Ratio Equity Liability 167,307 166,495 168,032 159,012 161,553 73.05% 73.08% 73.11% 71.66% 71.10% 50,255 48,806 49,809 48,972 50,846 43% 41
Slide 16: Cash Flows
16/18 Cash Flows Cash/Total Assets（Million RMB） Net Operating Cash Flows（Million RMB） Cash/Total Assets Cash Net Operating Cash Flows 13,919 4,176 11,295 10,323 9,586 9,451 2,316 8.75% 6.72% 5.93% 6.20% 5.65% -1,313 -1,636 -1,547 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 • As at end of March
Slide 17: 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
Slide 18: 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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