Goldwind Science & Technology Co., Ltd. (XNJJY) Q1 2026 Earnings Call Transcript
The following is a transcript of the Q1 2026 earnings call for Goldwind Science & Technology Co., Ltd. (XNJJY), held on April 27, 2026.
Company Participants
- Jinru Ma - VP & Company Secretary
- Hongyan Wang - Chief Financial Officer
Presentation
Operator
Good afternoon, and welcome to the Goldwind Science & Technology Company 2026 first quarter results call. Present are Board Director and President, Mr. Cao Zhigang; Board Secretary and Company Secretary, Ma Jinru; CFO, Wang Hongyan; and Group VP and GM of Wind Power Industry, Chen Qiuhua.
Ms. Ma will begin with an industry update and review, followed by Wang Hongyan discussing the Q1 business review. A question and answer session will conclude the call.
Jinru Ma - VP & Company Secretary
Thank you. Good afternoon to our investors. Regarding the industry review, global annual installations in 2025 and country distribution will not be detailed today.
In China, Q1 on-grid capacity increased by 7.9% to 15.8 gigawatts. Total wind power on-grid capacity reached 655 gigawatts as of March, representing 16.5% of total installed energy capacity, while thermal power decreased to 39.2%. Total power consumption in the previous year was 10 trillion kilowatt hours, up 5%. Tender activity was relatively flat, down 2.2% in the first three months of the year at 28 gigawatts, with average tender prices stabilizing.
