Goldwind (002202.SZ) stock price, revenue, and financials

Goldwind market cap is ¥78.1 b, and annual revenue was ¥37.88 b in FY 2019

¥78.1 B

002202.SZ Mkt cap, 10-Nov-2021

¥19.4 B

Goldwind Revenue H1, 2020
Goldwind Gross profit (H1, 2020)3.3 B
Goldwind Gross profit margin (H1, 2020), %17.1%
Goldwind Net income (H1, 2020)1.3 B
Goldwind Cash, 30-Jun-20207.1 B
Goldwind EV92.9 B
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Goldwind Revenue

Goldwind revenue was ¥37.88 b in FY, 2019 which is a 32.5% year over year increase from the previous period.

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Goldwind Revenue Breakdown

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Goldwind revenue breakdown by business segment: 11.2% from Wind Farm Development, 9.4% from Wind Power Services, 76.2% from Wind Turbine Generator Manufacturing and Sale and 3.1% from Other

Goldwind revenue breakdown by geographic segment: 9.0% from Overseas and 91.0% from China

Goldwind Income Statement

Annual

CNYFY, 2017FY, 2018FY, 2019

Revenue

25.0b28.6b37.9b

Revenue growth, %

14%32%

Cost of goods sold

17.5b21.2b30.9b

Gross profit

7.5b7.3b7.0b

Gross profit Margin, %

30%26%18%

Sales and marketing expense

2.1b1.9b2.8b

General and administrative expense

2.5b2.7b2.6b

Operating expense total

5.0b4.9b6.1b

Interest expense

865.4m1.1b1.2b

Interest income

47.6m35.6m40.7m

Pre tax profit

3.5b3.7b2.6b

Income tax expense

341.7m399.8m331.4m

Net Income

3.1b3.3b2.2b

EPS

0.80.90.5

Half Year

CNYH1, 2018H1, 2019H1, 2020

Revenue

11.0b15.7b19.4b

Cost of goods sold

7.5b12.4b16.0b

Gross profit

3.4b3.3b3.3b

Gross profit Margin, %

31%21%17%

Sales and marketing expense

612.3m1.3b1.5b

General and administrative expense

928.9m1.2b1.3b

Operating expense total

1.8b2.7b3.2b

Interest expense

537.7m578.4m509.5m

Interest income

13.7m15.2m70.7m

Pre tax profit

1.8b1.4b1.4b

Income tax expense

189.5m211.1m145.6m

Net Income

1.6b1.2b1.3b

EPS

0.40.30.3

Goldwind Balance Sheet

Annual

CNYFY, 2017FY, 2018FY, 2019

Cash

6.8b5.0b6.8b

Accounts Receivable

17.0b16.9b18.0b

Inventories

4.1b5.0b8.1b

Current Assets

33.1b32.9b48.4b

PP&E

22.8b25.5b29.0b

Goodwill

497.6m487.7m470.2m

Total Assets

72.8b81.4b103.1b

Accounts Payable

15.3b20.0b25.4b

Short-term debt

6.0b3.5b5.7b

Current Liabilities

29.6b31.6b49.6b

Long-term debt

15.9b18.9b16.0b

Non-Current Liabilities

19.7b23.3b21.3b

Total Debt

21.9b22.3b21.7b

Common Stock

3.6b3.6b4.2b

Retained Earnings

8.1b10.5b11.3b

Total Equity

23.5b26.5b32.2b

Debt to Equity Ratio

0.9 x0.8 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x

Financial Leverage

3.1 x3.1 x3.2 x

Half Year

CNYH1, 2018H1, 2019H1, 2020

Cash

4.2b5.2b7.1b

Accounts Receivable

20.0b22.3b19.6b

Inventories

3.7b8.4b8.8b

Current Assets

31.7b44.4b43.6b

PP&E

24.0b27.1b30.2b

Goodwill

490.6m474.6m474.9m

Total Assets

74.8b96.8b102.6b

Accounts Payable

14.3b23.5b20.0b

Short-term debt

5.5b5.2b4.5b

Current Liabilities

28.2b40.5b46.3b

Long-term debt

18.9b20.6b17.3b

Non-Current Liabilities

22.7b25.2b23.3b

Total Debt

24.4b25.8b21.9b

Common Stock

3.6b4.2b4.2b

Retained Earnings

8.9b10.4b11.8b

Total Equity

23.9b31.1b32.9b

Debt to Equity Ratio

1 x0.8 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x

Financial Leverage

3.1 x3.1 x3.1 x

Goldwind Cash Flow

Annual

CNYFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

1.1b1.4b1.6b

Accounts Receivable

(1.3b)(166.2m)(937.7m)

Inventories

(847.9m)(869.0m)(3.1b)

Accounts Payable

1.0b2.9b2.3b

Cash From Operating Activities

3.0b3.1b5.9b

Purchases of PP&E

(4.8b)(5.9b)(11.0b)

Cash From Investing Activities

(7.1b)(6.1b)(10.3b)

Long-term Borrowings

(3.3b)(10.9b)(7.6b)

Dividends Paid

(654.6m)(805.2m)(1.2b)

Cash From Financing Activities

3.4b1.2b6.1b

Net Change in Cash

(692.6m)(1.8b)1.8b

Interest Paid

802.5m1.1b1.1b

Income Taxes Paid

534.7m399.8m331.4m

Half Year

CNYH1, 2018H1, 2019H1, 2020

Depreciation and Amortization

615.5m806.2m859.3m

Accounts Receivable

(1.2b)(5.6b)(1.8b)

Inventories

284.0m(3.4b)(651.4m)

Accounts Payable

(1.4b)3.5b(5.3b)

Cash From Operating Activities

(2.7b)(3.2b)1.7b

Purchases of PP&E

(2.5b)(4.6b)2.2b

Cash From Investing Activities

(1.4b)(4.2b)(649.0m)

Long-term Borrowings

(2.8b)(2.7b)(4.6b)

Dividends Paid

(859.0k)(12.5m)(71.6m)

Cash From Financing Activities

1.6b7.4b(686.8m)

Net Change in Cash

(2.5b)97.3m332.9m

Interest Paid

495.2m575.6m444.3m

Income Taxes Paid

283.5m211.7m421.6m

Goldwind Ratios

CNYFY, 2017

Revenue/Employee

3.0m

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

3.1 x

Goldwind Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Backlog (Domestic)

¥488.51 m¥817.64 m

Connected and Installed Capacity, MW

3.87 k4.01 k4.03 k4.2 k4.72 k4.77 k4.42 k4.6 k4.69 k4.52 k4.65 k4.7 k

Constructing Capacity (East China), MW

565645852852718681642620650650523585

Constructing Capacity (North China), MW

150350427431275376424454785785740499

Constructing Capacity (Northeastern), MW

42509898983530200200200200

Constructing Capacity (Northwestern), MW

50250250200200151200200200380

Constructing Capacity (Overseas), MW

6901.05 k1.39 k1.39 k1.22 k1.22 k1.22 k1.22 k966914914914

Constructing Capacity (Southern Region), MW

50132235213200260248166122122122122

Constructing Capacity, MW

1.5 k2.22 k3.05 k3.24 k2.76 k2.78 k2.77 k2.62 k2.92 k2.87 k2.7 k2.7 k

Order Backlog (Internal Order), MW

6025911.16 k1.86 k1.52 k834713738671599537567

Order Backlog (Overseas), MW

704.5813742.7737.7656.6861.8968.21.21 k1.52 k1.45 k1.59 k1.59 k

Order Backlog (Signed Contract), MW

9.35 k10.43 k10.85 k12.96 k12.85 k15.22 k14.79 k15.59 k14.45 k16.83 k16.35 k14.05 k

Order Backlog (Successful Bid), MW

6.5 k6.35 k6.65 k5.25 k5.66 k4.01 k6.4 k7.19 k5.84 k3.34 k1.07 k1.57 k

Order Backlog, MW

16.46 k17.37 k18.66 k20.07 k20.03 k20.07 k21.91 k23.51 k20.95 k20.76 k17.96 k16.19 k

Power Production, MWh

4.06 m5.81 m7.65 m4.34 m5.92 m7.81 m1.83 m3.91 m5.77 m

Under-construction and Signed Contract Capacity, MW

1.83 k1.86 k1.86 k1.53 k1.53 k1.53 k1.54 k1.28 k1.23 k1.23 k1.23 k

Under-operation Fleet, MW

6.97 k10.99 k10.14 k10.45 k

Utilization, hours

1.99 k5901.18 k1.65 k2.24 k5371.2 k1.65 k2.21 k5471.17 k1.66 k

Wind Turbines Sold (1.5 MW), MW

627200360205062131886189

Wind Turbines Sold (2.5S), MW

1.38 k2387451586601.16 k2.35 k403

Wind Turbines Sold (2S), MW

3.03 k1.53 k4.36 k6822.19 k3.4 k4.73 k3173.57 k7.01 k

Wind Turbines Sold (3S), MW

4511734251243506701101

Wind Turbines Sold (3S/4S), MW

276774

Wind Turbines Sold (6S), MW

1254134512325320

Wind Turbines Sold (6S/8S), MW

166344

Wind Turbines Sold, MW

5.08 k2.09 k5.86 k5.86 k3.19 k5.25 k8.17 k8484.1 k8.32 k

Goldwind Human Capital

Goldwind's employees are reported to be approximately 20% female and 80% male.

Job Roles

FY, 2019FY, 2018FY, 2017
Technical Staff31.5%35.8%34.4%
Production15.3%7.2%10.3%
General and Administrative 21.1%22.7%22.4%
Sales and Marketing10.6%9.8%6.3%
Customer Service21.4%24.5%26.6%
FY, 2019FY, 2018FY, 2017
Female19.6%19.7%19%
Male80.4%80.3%81%

Goldwind Employee Rating

3.749 votes
Culture & Values
3.3
Work/Life Balance
3.3
Senior Management
3.3
Salary & Benefits
3.4
Career Opportunities
3.2
Source