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One of the world's largest wind-turbine makers, also developing and operating wind farms in China and abroad.
One of the world's largest wind-turbine makers, also developing and operating wind farms in China and abroad.
Sells turbines to developers, mostly state-owned power companies in China, with service contracts running for years after installation. It also builds wind farms and sells stakes in them, which recycles capital and helps win turbine orders. Most sales are in China.
In one line: China's answer to Vestas/GE Vernova in wind turbines.
Moat: narrow (scale, IP / patents, installed base). Large domestic turbine manufacturing scale and installed base, but competes on price against Vestas, GE Vernova and other Chinese makers.
Headquarters: Urumqi, China · Founded: 1998 · Employees: 11,890
Size Goldwind Science & Technology (002202.SZ) is a China Industrials company (Electrical Products) with a market value of $8.58B, the 288th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.13 on 6 Nov 2026.
Performance Over six months the shares fell 45.1%, against -16.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +14.9%); the operating margin is 6.3% (peer median 13.8%).
Valuation It trades at 16.6× forward earnings against a peer median of 15.1× (10th most expensive of 20).
Capital Return on invested capital runs 0.7 points below its cost of capital (6.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥76.9B | CN¥72.9B | CN¥56.5B | CN¥50.4B | CN¥46.3B |
| Revenue growth | — | +29% | +12% | +9% | — |
| Gross profit | CN¥14.6B | CN¥9.73B | CN¥7.23B | CN¥8.19B | CN¥7.84B |
| EBITDA | n/a | CN¥7.98B | CN¥5.01B | CN¥4.17B | CN¥4.49B |
| Net income | CN¥3.07B | CN¥2.66B | CN¥1.86B | CN¥1.22B | CN¥2.20B |
| Free cash flow | -CN¥5.23B | -CN¥3.33B | -CN¥5.18B | -CN¥4.33B | -CN¥2.89B |
| Capital expenditure | CN¥9.73B | CN¥7.48B | CN¥7.67B | CN¥6.78B | CN¥9.03B |
| Total debt | CN¥66.5B | CN¥56.3B | CN¥54.4B | CN¥55.0B | CN¥54.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Goldwind Science & Technology 002202.SZ | $8.58B | -45% | +11% | 6% | 16.6× | n/a |
| Vestas Wind Systems A/S VWS.CO | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 32.2× | 24.9% |
| Ming Yang Smart Energy 601615.SS | $2.80B | -47% | +8% | -4% | 19.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002202.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | -6.2% | 10th lowest of 21 |
| 6-month return | -45.1% | -16.5% | 5th lowest of 19 |
| Distance from 52-week high | -59.1% | -40.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +11.4% | +14.9% | 9th lowest of 21 |
| Operating margin | 6.3% | 13.8% | 3rd lowest of 21 |
| Forward P/E | 16.6× | 15.1× | 10th most expensive of 20 |
| ROIC minus cost of capital | -0.7 pp | +6.7 pp | 4th lowest of 21 |
| Net debt / EBITDA | 5.9× | -0.1× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| Anker Innovations Technology 0668.HK | Hong Kong | $8.68B | n/a | +28% | 11% | 14.8× | 22.2% | +25.8% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
| Zhejiang Chint Electrics 601877.SS | China | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% | +12.1% |
| Zhuzhou CRRC Times Electric 3898.HK | Hong Kong | $7.95B | -24% | +17% | 14% | 7.5× | n/a | n/a |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |