Goldwind Sci&Tech Co H (XJNGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to the 2025 Q3 earning call for Gold Wind Science and Technology Company. We are happy to have the management with us, Chairman Mr. Wugang, Deputy Chair and also President and also Ms. Ma, Board Secretary Mr. Wang Fuyuan, Vice President and General Manager Chen. So we have two parts of this call. We have Ms. Ma to kick off the Q3 industry and development. And Mr. Wang will take you through the financial results. And the second part, we're going to move on to the Q&A. And I'm going to hand over to Ms. Ma. Okay, dear investors, good afternoon. Thank you so much for your interest to the company. So, I'm going to take you through the industry and company performance and CFO. We'll talk about the financial highlights. So, if you look at the industry review, now, on this slide, we're showing you the global wind power market. On the left, this represents 2024, the four-year wind power installation. I'm not going to go into great details. In interim results, we have demonstrated this number, and on the right, this is really the pie chart for the 2024 global wind power generation. The 2024 global power generation improved by 4.4% with renewable energy improving by 9.6% to 9,868 kilowatt hours coming from 31.6%. And also, the global wind power generation increased by 8% to 2,711 terawatt hours, representing 8% of global power generation. So, China is by far the leader. The wind power reaching 997 terawatt hours, which is 40% of the total wind power, and followed by U.S. and Germany. Even though China is a far leader by absolute amount, by 40%, however, in terms of the penetration, we maintain it at about 50% of the share compared with Denmark in over 50% in Europe, they are at 30%. So in China specifically, now in terms of the grid connection gradually expand and rising power ...