Goldwind Science & Technology Co. Ltd. Class A · SZSE:002202
Goldwind Science & Technology Co. Ltd. Class A — Goldwind Sci&Tech Co H — Q1 2024 Earnings Presentation
17 slides from Goldwind Science & Technology Co. Ltd. Class A's earnings presentation, Apr 29, 2024
Slide 1: 2024 First Quarter Results
€ Goldwind a SE UA 3S AR 19 BPR A) GOLDWIND SCIENCE&TECHNOLOGY CO.,LTD.” SZEx Stock Code: 002202 HKEx Stack Cade: 2208 2024 First Quarter Results
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 Global Annual New Installation (GW) 2023 New Installation（GW） Onshore Offshore China 69.4 7.6 77.1 118.0 11.3 US 7.2 99.1 100.7 Brazil 5.0 6.5 86.7 16.9 Germany 4.2 9.0 India 2.8 62.3 Sweden 2.6 7.5 106.7 UK 1.8 92.7 83.8 77.6 Finland 1.6 54.8 Canada 1.5 Netherlands 1.5 On
Slide 4: Wind Power Development in China
4 Wind Power Development in China Grid Connection (GW) Electricity Production (billion kWh) New Grid-connection Cumulative Grid-connection Wind Power Production Penetration Rate 9.6% 8.8% 441 457 7.9% 8,858 365 7,624 328 6.2% 5.6% 6,526 282 4,665 4,057 71.7 75.7 47.6 37.6 15.5 2020 2021 2022 2023 1Q
Slide 5: Chinese Public Tender Market
5 Chinese Public Tender Market Public Tender Market (GW) Average Bidding Price (Rmb/kW) 98.5 1,625 86.3 1,563 65.2 1,589 1,555 54.2 1,507 31.1 23.3 2019 2020 2021 2022 2023 1Q24 • Domestic public tender market totaled 23.3GW in 1Q24, representing • In March 2024, the overall average bidding price of
Slide 6: State Policies and Projects
6 State Policies and Projects Recent Policies NEA guidelines for 2024 energy work • On January 1, 2024, the State Council issued guidelines to comprehensively promote the development of a "Beautiful China" To promote the construction of cross-province ——Work should be done to strive to realize a car
Slide 7: Business Review
Industry Review Business Review Financial Results
Slide 8: Sale Capacity (MW)
8 Sale Capacity（MW） 6MW and above 4MW (incl.) ~6MW Below 4MW During the first quarter of 2024 the Company′s external sale 13,871 13,772 capacity totaled 1,436MW, with 29.4% yoy increase, among which: 143 12,932 1,771 • The sale capacity of WTG below 4MW totaled 10MW ， 10,683 taking 0.7% of total sal
Slide 9: Wind Turbine Order Backlog
9 Wind Turbine Order Backlog Order Backlog (MW) External Order Mix Signed Contract Successful Bid Internal Order 31 March, 2024 ＜4MW 4MW (incl.) - 6MW ≥6MW 683 , 2% 33,654 31,926 29,585 30,005 30,401 1,295 1,569 617 716 1,848 8,003 3,178 7,902 6,602 9,075 13,643 , 42% 18,033 , 56% 25,690 24,356 21,5
Slide 10: Wind Power Generation
10 Wind Power Generation Grid-connection (MW) Grid-connection by Region (MW) Annual New Installation Cumulative Installation 31 March, 2024 463 , 6% 316 , 4% 7,078 7,289 7,272 Northwestern 6,068 North China 764 , 5,487 2,100 , 29% 11% East China Southern 1,966 , 27% Northeastern 1,664 , 23% 1,745 1,
Slide 11: Financial Results
Industry Review Business Review Financial Results
Slide 12: Profitability Index
Profitability Index 12 Revenue（Million RMB） Profit Margin（%） 21,138 • During the first quarter of 2024 the 25.23 26.12 Company realized revenue of 13,436 RMB6,979 million， representing an 10,318 18.17 16.53 increase of 25.42% YoY 6,979 5,565 13.97 • The comprehensive profit margin for the first quar
Slide 13: Operation Index
Operation Index 13 Days of Trade Receivables (Annualized） Days of Inventory (Annualized） Trade Receivables/Total Assets Days of Trade Receivables Inventory and Contract Assets/Total Assets Days of Inventory 195 142 189 188 140 180 172 126 116 104 14% 13% 19% 18% 18% 18% 18% 12% 11% 12% 1Q23 2Q23 3Q2
Slide 14: Solvency Position
Solvency Position 14 Interest-bearing Debt (Million RMB) Asset-Liability Ratio（%） Interest-bearing Debt/Total Liability Interest-bearing Debt Asset-Liability Ratio Equity Liability 55,413 145,584 143,495 142,032 52,781 51,807 137,778 129,784 46,035 47,079 72.25% 71.96% 71.44% 69.96% 67.93% 55% 50% 5
Slide 15: Cash Flows
Cash Flows 15 Cash/Total Assets（Million RMB） Net Operating Cash Flows（Million RMB） Cash/Total Assets Cash Net Operating Cash Flows 14,257 14,245 10,900 10,857 6,576 10,312 9.93% 3,349 7.95% 7.91% 9.79% 7.64% -534 -6,054 1Q23 2Q23 3Q23 4Q23 1Q24 -7,537 1Q23 2Q23 3Q23 4Q23 1Q24 • As at end of March 20
Slide 16: 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 17: 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.cn Company contacts: Ms. Ma Jinru Vice Presid
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