Goldwind Science&Expertise Co., Ltd. (XJNGF) Q2 2025 Earnings Name Transcript

Goldwind Science&Expertise Co., Ltd. (OTCPK:XJNGF) Q2 2025 Earnings Convention Name August 25, 2025 4:00 AM ET

Firm Members

Hongyan Wang – Chief Monetary Officer
Jinru Ma – VP & Firm Secretary

Operator

Expensive traders, good afternoon. Welcome to hitch us at Goldwind 2025 Interim Outcomes Announcement Phone Name. As we speak, becoming a member of us, together with Mr. Cao Zhigang, VP and Board Director; VP, Board Secretary and Firm Secretary; Ma Jinru, CFO, Wang Hongyan; and Mr. Chen Qiuhua, Group VP and GM of Wind Energy Industrial Firm.

Now Madam Ma Jinru goes to stroll us by way of the trade improvement and firm’s operation for first half of 2025. After which Mr. Wang Hongyan goes to stroll us by way of the monetary indicators, after which we’ll kick off our Q&A.

Madam Ma, please.

Jinru Ma

Thanks. Am I audible? Okay. Expensive traders, good afternoon. Welcome to hitch us at 2025 Goldwind interim outcomes announcement, and thanks in your long-term assist and care to the corporate. Let me now stroll you thru the trade improvement replace.

That is the GWEC international wind energy market replace. As you may see, beforehand, we have now up to date it on the Bloomberg international knowledge, however now GWEC as an expert council, they’ve extra authoritative knowledge. 2024 international new set up was 117 gigawatts, onshore wind, 109 gigawatts, offshore wind totaling 8 gigawatts.

By area, APAC accounts for 75% of the whole set up. China represents 68% of the whole set up. On the appropriate aspect, you may see the wind energy worth from ’21 to 2024, the LCOE of onshore energy declined by 70%, whereas in China, it declined by 68% from 2010 to 2024. Now the worldwide LCOE is USD 0.034 per kilowatt. And in China, it’s now USD 0.029 per kilowatt hour.

The LCOE of offshore wind energy