The following is a summary of the Goldwind Science & Technology Co., Ltd. (XJNGF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• In the first three quarters of 2024, Goldwind reported revenue of 35,839 million, reflecting positive growth.

• Comprehensive profit margin for the first three quarters rose to 16.43%, an increase of 2.21% year-over-year.

• Net profit attributable to owners increased by 531 million, while efforts to reduce assets and optimize profit and tax structures continue.

• Return on Equity (ROE) improved by 1.45%, showcasing enhanced profitability.

Business Progress:

• Goldwind's sales from January to September reached 9,709 megawatts, a 9% increase, predominantly of turbines over 4 megawatts.

• Goldwind achieved a record high order backlog of 44.28 gigawatts, signaling strong future revenue potential.

• Expanded global business presence in Morocco, the Philippines, Georgia, and Namibia, enhancing their international market position.

• Goldwind significantly contributed to wind power generation, with a total of 8,138 megawatts grid-connected projects by the end of Q3.

Opportunities:

• The global and Chinese reductions in the cost of wind power make it the most economically advantageous renewable energy source, presenting significant growth opportunities.

• New policies and national plans to accelerate wind power installations, especially in rural areas, are likely to stimulate further development and demand for Goldwind's technology.

Risks:

• The reliance on government policies and subsidies for renewable energy projects could pose a risk if there are significant policy changes or reductions in support.

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