Goldwind Sci&Tech Co H (XJNGF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, welcome to join us this call the 2026 first quarter results for Gold Wind Science and Technology Company. Joining us we have Mr. Zhao Zhigang board director and president, Ma Jingyong board secretary and committee secretary, CFO Wang Hongyan and also group VP MGM of wind power industry Chen Qiuhua. We're going to have and Ma Jingwu to talk about the first quarter industry update and review. Officer Wang Hongyan will go through the Q1 business review. And finally, we're going to take your questions. Now, over to you, Ms. Ma. Thank you. Investors, good afternoon. Thank you so much for joining this call for the Q1 earning results. So, first of all, about the industry review and business review. In terms of the industry review, this is the global annual installation in 2025 and the distribution across different countries. Not much update there, so I will skip there. So back to China. In the first quarter, the on-grid capacity was 15.8 gigawatts, up by 10.9% at the end of March. total wind power on grid capacity was 655 gigawatt, which is about 16.5% of total energy in stock capacity, while thermal power dropped to 39.2%. And also in last year, the total power consumption was actually 103,000, sorry, so 10 trillion kilowatt hours by 5%. and also we have seen pretty much flat in terms of the tender. We are down by 2.2% the first three quarters, first three months this year, 28 gigawatts. And you can see on the right, the open tender average price pretty much stabilized. And now I'm listing the Q1 industry policies. Now, First of all, it has to do with the power market, in terms of the market, the power market development on the January 30th, NDRC Energy Administration published notice on improving the Gensai capacity tyrant mechanisms, and February 11th, St...