Goldwind Science & Technology Co., Ltd. (XJNGF) Q3 2024 Earnings Call Transcript

Goldwind Science & Technology Co., Ltd. (OTCPK:XJNGF) Q3 2024 Earnings Call Transcript October 28, 2024 4:00 AM ET

Company Participants

Ma Jinru – VP, Board Secretary and the Company Secretary
Wang Hongyan – Chief Financial Officer
Chen Qiuhua – Group VP and the GM of Wind Power Industrial Company

Operator

Ladies and gentlemen, welcome to join us for Goldwind 2024 Q3 update. All the participants are muted now.

Now let’s welcome the moderator, please.

Unidentified Company Representative

Dear investors, good afternoon. I’d like to welcome you to join us for Goldwind Science & Technology 2024 Q3 Result Announcement. Joining us here today are VP, Board Secretary and the Company Secretary, Madam Ma Jinru; CFO, Mr. Wang Hongyan; Group VP and the GM of Wind Power Industrial Company, Mr. Chen Qiuhua.

Ladies and gentlemen, the meeting will be divided into two parts. First of all, we’re going to welcome Madam Ma to work through Q3 development and operational. Then we’re going to have Mr. Wang Hongyan to walk you through the financials, and then we will get into the Q&A session.

Now, let’s welcome Madam Ma please.

Ma Jinru

Distinguished investors, I would like to thank you for joining us for this meeting and thanks for your committed support to Goldwind Science & Technology. First of all, please allow me to walk you through the industry and our business.

Let’s take a look at the industry first. Now, if you have a slide in your hands, please go to slide 3. On slide 3 on the left side, it shows the global annual new installation which has already been disclosed in the interim results. But on the right side, that is the wind power energy becomes the best economy renewable energy source. Especially if you see from 2010 to 2023, the localized cost of global onshore wind power has been

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