In 2021, Xinjiang Goldwind Science And Technology Co.Ltd(002202) (Shenzhen Stock Exchange Xinjiang Goldwind Science And Technology Co.Ltd(002202) ; Hong Kong Stock Exchange 2208) actively expanded the global wind power market while consolidating the Chinese market with strong R & D strength, product technology advantages, forward-looking industrial layout and diversified profit model, and achieved steady growth in business performance.
operating performance achieved steady growth
In 2021, the company realized an operating income of 50.571 billion yuan, a net profit attributable to the parent company of 3.457 billion yuan, a basic earnings per share of 0.79 yuan, and a profit distribution plan of 2.5 yuan (including tax) for every 10 shares. In 2021, the company added 11.38gw of installed capacity in China and 12.04gw in the world The company’s market share has been the first in China for 11 consecutive years and the top three in the world for 7 consecutive years. This is not easy under the situation that the new installed capacity of wind power in China decreased year-on-year in 2021 and the industry competition is becoming increasingly fierce.
Specifically, in 2021, the company’s sales revenue of wind turbines and parts reached 39.932 billion yuan; The revenue from wind power services was 4.082 billion yuan, of which the post service revenue was 1.967 billion yuan, a year-on-year increase of 21.09%; The revenue from power generation was 5.327 billion yuan, a year-on-year increase of 32.56%; The revenue from water operation business was 734 million yuan, a year-on-year increase of 45.08%.
two wheel drive profit increase
In 2021, the company accelerated the technological transformation of intelligent fan series products. The units adopted the technical route of “two wheel drive” of direct drive permanent magnet and medium speed permanent magnet. The sales capacity of direct drive permanent magnet gw6s / 8s units and gw3s / 4S units increased by 305.01% and 210.27% respectively year-on-year, and the sales capacity of medium speed permanent magnet (MSPM) wind turbines achieved a breakthrough.
After 10 years of research and development and on-site operation practice, the new generation of medium speed permanent magnet series units released by the company have the characteristics of more reasonable transmission chain design, good operation condition of generator gearbox and high reliability of the whole machine. They are common with 90% of the materials of direct drive permanent magnet technology line units. In addition to inheriting and applying a large number of technical advantages and experience accumulated by direct drive units, the new generation of medium speed permanent magnet products still share the service system with direct drive units, and the service advantages of Jinfeng are still guaranteed.
Xinjiang Goldwind Science And Technology Co.Ltd(002202) the new generation MSPM unit has obtained a large number of orders on hand and achieved rapid delivery after its release. By the end of 2021, the company’s external orders on hand totaled 1687470mw, and the capacity of MSPM orders was 481695mw, becoming a product with Xinjiang Goldwind Science And Technology Co.Ltd(002202) market potential. In many commercial projects in Xinjiang, Gansu and other places, the company’s MSPM units have been delivered and connected to the grid.
“two seas” strategy actively promoted
Facing the “rush for loading” at sea in 2021, the company successfully completed the delivery and grid connection of all orders of offshore projects, and the delivery volume exceeded the total of offshore delivery in previous years. The independent R & D and industrialization of the company’s offshore products are progressing smoothly, and all models such as gw171-6.45, gw184-6.45 and gw175-8.0 have obtained type certification. The unit sales capacity of 6S / 8s platform products increased by 305.01% year-on-year. Up to now, Xinjiang Goldwind Science And Technology Co.Ltd(002202) China’s total offshore installed capacity has exceeded 4 million KW.
At the same time, the company actively promoted its internationalization strategy, not only made a number of breakthroughs in key target markets such as Australia and Europe, but also actively distributed emerging markets such as Africa and Asia, with remarkable development results. The 5S platform series products launched by the company for the global market have successfully won the first order in South Africa and completed the hoisting of the prototype. Up to 2026, the company has achieved a global distribution of 6.1 billion yuan and an international talent management center, with a year-on-year growth of 6.6 billion yuan. At present, the company has achieved a global distribution of 6.6 billion yuan and an international talent management center, with a year-on-year growth of 6.6 billion yuan.
smart energy and service business grows healthily
The company’s wind farm investment and development business is progressing smoothly, and the power generation revenue continues to grow. By the end of 2021, Xinjiang Goldwind Science And Technology Co.Ltd(002202) global cumulative equity grid connected installed capacity was 606820 MW, and the capacity of wind farms under construction outside China was 259488 MW. In 2021, the company’s new equity grid connected installed capacity of self operated wind farms outside China was 140839 MW The company’s wind power assets have covered 17 provinces across the country. The average generation utilization hours of Chinese units are 2546 hours, an increase of 323 hours year-on-year. The generation utilization hours exceed the industry average.
At present, Xinjiang Goldwind Science And Technology Co.Ltd(002202) has successfully achieved business breakthroughs in large bases, integration of source, network, load and storage, technical transformation and capacity expansion of wind farms, green power parks and thermal power flexibility transformation. It has built zero carbon parks and zero carbon ports in many provinces across the country, carried out carbon reduction and green power cooperation with famous enterprises such as JD logistics and COSCO Shipping, and deeply formulated carbon neutralization solutions for eight industries.
In 2021, the project capacity of the company’s overseas service business in operation was 23144mw, with a year-on-year increase of 63.91%. The company’s wind power service intelligent operation and maintenance service solution promotes the realization of cost reduction and efficiency increase from the dimensions of improving operation and maintenance efficiency, reducing operation and maintenance costs and maximizing investment income; At the same time, the company promotes the transformation of service business from operation and maintenance to asset management, and provides customers and industries with large-scale and high-quality development solutions for stock assets.
According to the global wind power market outlook for the second half of 2021 released by Bloomberg New Energy Finance (bnef), it is expected that the global cumulative wind power installed capacity will exceed 1000gw in 2023 China’s wind power outlook 20212030 released by wood Mackenzie predicts that by the end of 2030, China’s cumulative grid connected wind power capacity will reach 689gw, accounting for 67% of the global share.
Facing the future market, in 2022, the company will realize product leadership with scientific and technological innovation, meet the growing global market, launch products and solutions with higher quality, lower price and better performance, and continue to improve the diversified profitability of the company.
