Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) Bundle
Born in 2001, Xinjiang Goldwind Science & Technology Co., Ltd. has grown into a global clean-energy force with installations in over 30 countries and a cumulative installed capacity surpassing 105 gigawatts as of June 2023, driving technological innovation across R&D, manufacturing and services while reporting total revenue of about RMB 56.5 billion in 2024; guided by the mission "Innovating for a Brighter Tomorrow," a vision aligned with China's 30/60 dual carbon goals and the 14th Five‑Year Plan, and core values emphasizing reverence for nature, facilitation of clients' success, leading innovation, legal compliance and healthy long‑term development, Goldwind positions itself as a strategic partner in zero‑carbon transition and high‑quality industry advancement
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) - Intro
Founded in 2001, Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) is a leading Chinese wind turbine manufacturer and integrated clean-energy solutions provider. The company's core activities span R&D, design, manufacturing, and sale of wind turbines, alongside end-to-end wind power services including project development, O&M, and digital solutions. Goldwind has established a significant global footprint and technology leadership in onshore wind and is increasingly integrating smart and digital capabilities into its platforms.- Global footprint: installations in over 30 countries.
- Cumulative installed capacity: exceeding 105 GW (as of June 2023).
- 2024 financial performance: total revenue ≈ RMB 56.5 billion.
- Strategic focus: turbine efficiency improvements, smart control systems, full-lifecycle services.
| Metric | Value / Note |
|---|---|
| Established | 2001 |
| Cumulative installed capacity | >105 GW (June 2023) |
| Geographic reach | Operational in 30+ countries |
| 2024 Revenue | ≈ RMB 56.5 billion |
| Primary products | Onshore wind turbines, wind farm systems, digital O&M platforms |
- Drive the global energy transition by delivering competitive, reliable wind power solutions.
- Advance turbine efficiency and lifecycle performance through continuous R&D and innovation.
- Enable customers and grids with intelligent, data-driven operation and maintenance.
- Be a world-class renewable energy technology provider, expanding clean power access globally.
- Contribute materially to China's zero-carbon goals and high-quality development under the 14th Five-Year Plan.
- Lead in scalable, smart wind systems that integrate with broader low-carbon energy ecosystems.
- Innovation: sustained investment in R&D to push turbine efficiency and reliability.
- Quality & Safety: rigorous manufacturing and O&M standards across global operations.
- Customer-Centricity: tailored solutions spanning equipment, digital services, and lifecycle support.
- Sustainability: alignment with national climate objectives and responsible resource stewardship.
- Global Collaboration: local partnerships and international deployment to scale impact.
- National alignment: Activities and investments structured to support the 14th Five-Year Plan's emphasis on high-quality development and emission reductions.
- Technology roadmap: focus areas include larger rotor designs, drivetrain optimization, grid-friendly controls, and AI-enhanced O&M.
- Market execution: leveraging an installed base (>105 GW) to expand aftermarket services, digital platforms, and overseas project delivery.
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) - Overview
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) centers its corporate purpose on technological innovation to drive sustainable development and decarbonization. The company's mission - 'Innovating for a Brighter Tomorrow' - expresses a clear orientation toward delivering clean energy solutions, strengthening operational and product quality, and becoming a trusted global strategic partner in the energy transition. This mission is tightly aligned with national policy drivers such as China's 14th Five-Year Plan (2021-2025) and the country's carbon peak (around 2030) and carbon neutrality (2060) goals.- Mission emphasis: use technological innovation (turbine design, digital O&M, power plant optimization) to accelerate renewable deployment and system-level decarbonization.
- Strategic aim: be a globally trusted strategic partner in clean energy, focusing on high-quality development, reliability, and lifecycle value.
- Operational focus areas: operational quality, talent quality, product quality, cash-flow quality, and profitability to support sustainable growth and employee well-being.
- Policy alignment: direct contributor to China's 14th Five-Year Plan clean-energy objectives and national zero-carbon targets.
| KPI / Metric | Latest Reported / Approximate Value | Notes |
|---|---|---|
| Cumulative global installed capacity (wind turbines) | ~80+ GW (approx., cumulative by 2023) | Reflects onshore and select offshore deployments across domestic and international markets. |
| Annual revenue (most recent fiscal year) | ~RMB 40-55 billion (company-level, indicative range) | Revenue mix: equipment sales, EPC, O&M services, and parts/aftermarket. |
| R&D expenditure (annual) | ~RMB 1-3 billion (approx.) | Investment prioritized for turbine platforms, digital solutions, and power-plant optimization. |
| Net profit / attributable profit (annual) | Varies by year; typically in the low single-digit billions RMB (approx.) | Profitability influenced by project mix, component costs, and warranty/O&M provisions. |
| Global market position | Top 3 wind-turbine OEMs by cumulative installations (approx. ~10-15% global share) | Strong presence in China with growing international footprint across Asia, Latin America, Australia, and Europe. |
| Employees | ~10,000-15,000 (approx.) | Includes R&D, manufacturing, project development, and O&M staff worldwide. |
- Technology & innovation: focus areas include multi-MW direct-drive and geared turbines, power-electronics integration, predictive O&M via digital twin and SCADA optimization.
- Quality & profitability levers: standardized manufacturing, stricter supplier controls, lifecycle service offerings to improve cash-flow quality, and warranty risk management.
- Talent & safety: programs to raise workforce technical capability, health and safety standards, and employee retention aligned with high-quality development goals.
- Policy & contribution: alignment with China's 14th Five-Year Plan and national decarbonization objectives; active participation in utility-scale renewables and hybridization projects.
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) - Mission Statement
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) positions its mission around catalyzing the global energy transition through wind-power-centric clean-energy solutions, energy conservation, and environmental protection. Grounded in China's "30/60" dual-carbon agenda (carbon peak by 2030, carbon neutrality by 2060), the company aligns strategic investments, R&D, and deployment to enable zero-carbon development and high-quality industrial growth.- Advance wind-power technology and peripheral product ecosystems to drive cost reduction, efficiency gains, and grid integration.
- Support China's 30/60 goals by accelerating utility-scale and distributed zero-carbon capacity build-out.
- Promote balanced, resilient industry-chain development-from turbines and blades to digital O&M and energy-storage integration.
- Operate with values of reverence for nature, client success facilitation, and innovation-led sustainability.
- Technological leadership-focus on larger-rated machines, grid compliance, and low-cut-in-speed designs to open low-wind-resource regions.
- System solutions-integrate wind, storage, and digital operations for dispatchable zero-carbon power.
- Supply-chain balance-drive localization, supplier resilience, and circularity across blades, bearings, and electronics.
- Stakeholder value-deliver lifecycle cost savings for clients while generating long-term shareholder value.
| Metric | Indicative Value | Context |
|---|---|---|
| Cumulative global installed wind capacity | ≈ 80 GW+ | Commercial turbine deployments across onshore and select offshore projects globally |
| Annual revenue (recent fiscal year) | ≈ CNY 35-38 billion | Revenues driven by equipment sales, services, and system solutions |
| R&D investment (annual) | ≈ CNY 2-3 billion | Focused on turbine platforms, digital O&M, and power-electronics integration |
| Global footprint | 30+ countries | Markets across Asia-Pacific, Latin America, Africa, Europe |
| Target alignment | Support China 30/60 | Product and system roadmaps tailored to zero-carbon ambitions |
- Next-generation turbine platforms-higher capacity, extended blades, improved reliability for higher capacity factors.
- Integrated hybrid solutions-onsite wind-plus-storage and virtual power-plant services to improve dispatchability.
- Digitalization-predictive O&M, lifetime performance optimization, and reduced LCoE through data-driven service models.
- Carbon-impact engineering-life-cycle assessments and recyclability initiatives to reduce embodied emissions.
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) - Vision Statement
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK) positions its vision around enabling a low-carbon energy transition through technology leadership, client-centric solutions, and sustainable industrial growth. The company's strategic ambition is to scale global clean-energy impact while ensuring compliant, resilient, and people-centered development.- Reverence for nature - embedding sustainability into product design, project development, and life-cycle management to minimize environmental footprint.
- Facilitation of clients' success - shortening response cycles, customizing turbine and O&M solutions, and integrating digital services to maximize customer value and plant-level capacity factors.
- Leading innovation - investing in R&D to drive breakthroughs across turbine design (direct-drive, multi-MW platforms), digital operation, and system integration to lower levelized cost of energy (LCOE).
- Legal compliance - following domestic and international regulatory frameworks for manufacturing, project deployment, and export activities.
- Healthy and long-term development - balancing growth with capital discipline, supply-chain resilience, and talent development for multi-decade competitiveness.
- Creating values for life achievements - nurturing employee development, safety, and long-term career pathways alongside corporate returns.
| Metric (latest disclosed / approximate) | Value |
|---|---|
| Annual revenue (most recent fiscal year) | ≈ RMB 40-48 billion |
| Net profit (most recent fiscal year) | ≈ RMB 2-4 billion |
| R&D expenditure (annual) | ≈ RMB 2-3 billion (multi-year trend of high single-digit % of revenue) |
| Global cumulative installed capacity | ≈ 50-60 GW of turbines delivered and commissioned |
| Annual turbine shipments (recent year) | ≈ 10-15 GW (turbine nameplate capacity shipped) |
| After-sales service contracts / backlog | Multi-year service agreements covering tens of GW in China and international markets |
- Innovation and R&D: sustained R&D spend supports product evolution (larger multi-MW machines, direct-drive technology). This aims to improve capacity factors by several percentage points and reduce LCOE versus older models.
- Client success orientation: expanded O&M and digital offerings drive recurring revenue, increasing the share of services in total revenue and improving lifecycle margins.
- Sustainability emphasis: project development and equipment recycling initiatives reduce carbon intensity and support ESG score improvements sought by institutional investors.
- Legal & governance focus: adherence to domestic and export compliance mitigates project delivery risk and supports cross-border market expansion.
- CapEx and working capital management aimed at aligning production capacity with order intake to avoid inventory and margin erosion.
- Partnerships and M&A selectively pursued for offshore wind, storage integration, and digitalization capabilities to capture higher-margin system solutions.
- Human capital investments: training programs and safety protocols to reduce workplace incidents and retain technical talent.
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