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One of China's largest wind turbine manufacturers, also developing wind farm and renewable-energy projects.
One of China's largest wind turbine manufacturers, also developing wind farm and renewable-energy projects.
Sells wind turbines to Chinese power groups and other developers, and adds service contracts, while also developing wind farms to sell on to investors, an earnings stream that depends on project timing. China is the home market, with export sales growing.
In one line: A Chinese Vestas/GE Wind.
Moat: narrow (scale, installed base). Large domestic turbine manufacturing scale and installed base, though intense price competition among Chinese makers.
Headquarters: Urumqi, China · Founded: 1998 · Employees: 11,890
Size Goldwind Science & Technology (2208.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $8.58B, the 183rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.74 on 6 Nov 2026.
Performance Over six months the shares fell 57.0%, against -16.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 24.0% over the last twelve months (peer median +14.9%); the operating margin is 6.0% (peer median 13.8%).
Valuation It trades at 7.2× forward earnings against a peer median of 15.1× (cheapest of 20).
Capital Return on invested capital runs 3.5 points below its cost of capital (7.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$86.9B | HK$78.9B | HK$61.3B | HK$55.5B | HK$53.8B |
| Revenue growth | — | +29% | +10% | +3% | — |
| Gross profit | HK$12.4B | HK$10.7B | HK$8.02B | HK$8.79B | HK$9.07B |
| EBITDA | HK$10.0B | HK$8.49B | HK$5.31B | HK$4.43B | HK$5.06B |
| Net income | HK$3.39B | HK$2.89B | HK$1.92B | HK$1.47B | HK$2.56B |
| Free cash flow | -HK$4.09B | -HK$3.91B | -HK$6.49B | -HK$5.17B | -HK$4.12B |
| Capital expenditure | HK$9.66B | HK$8.11B | HK$8.32B | HK$7.49B | HK$10.5B |
| Total debt | n/a | HK$62.5B | HK$57.8B | HK$60.6B | HK$61.4B |
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 2208.HK | $8.58B | -57% | +24% | 6% | 7.2× | n/a |
| Vestas Wind Systems A/S VWS.CO | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% |
| Ming Yang Smart Energy 601615.SS | $2.80B | -47% | +8% | -4% | 19.4× | n/a |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
| Nordex NDX1.DE | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 32.2× | 24.9% |
| Sany Renewable Energy 688349.SS | $3.50B | -22% | +30% | 2% | 21.7× | n/a |
| Windey Energy Technology 300772.SZ | $1.09B | -42% | +23% | -2% | n/a | 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 | 2208.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -6.2% | 9th lowest of 21 |
| 6-month return | -57.0% | -16.5% | 2nd lowest of 19 |
| Distance from 52-week high | -58.2% | -40.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +24.0% | +14.9% | 7th highest of 21 |
| Operating margin | 6.0% | 13.8% | 3rd lowest of 21 |
| Forward P/E | 7.2× | 15.1× | cheapest of 20 |
| ROIC minus cost of capital | -3.5 pp | +6.7 pp | 3rd lowest of 21 |
| EV / EBITDA | 13.0× | 13.5× | 4th cheapest of 10 |
| 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 2208.HK | Hong Kong | $8.58B | -57% | +24% | 6% | 7.2× | 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% |