Loading...

Xinjiang Goldwind Science&TechnologyLtd

SEHK:2208
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2208
SEHK
CN¥51B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Xinjiang Goldwind Science & Technology Co., Ltd., together with its subsidiaries, operates as a wind power company in Mainland China and internationally. The last earnings update was 80 days ago. More info.


Add to Portfolio Compare Print
2208 Share Price and Events
7 Day Returns
4%
SEHK:2208
-2%
HK Electrical
-1.1%
HK Market
1 Year Returns
-2.3%
SEHK:2208
-28.7%
HK Electrical
-6.5%
HK Market
2208 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xinjiang Goldwind Science&TechnologyLtd (2208) 4% 11.2% -3.4% -2.3% 9.3% 29%
HK Electrical -2% -3.9% -18.7% -28.7% -34.4% -35%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 2208 outperformed the Electrical industry which returned -28.7% over the past year.
  • 2208 outperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
2208
Industry
5yr Volatility vs Market

2208 Value

 Is Xinjiang Goldwind Science&TechnologyLtd undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Xinjiang Goldwind Science&TechnologyLtd to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Xinjiang Goldwind Science&TechnologyLtd.

SEHK:2208 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:2208
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.188 (1 + (1- 25%) (51.33%))
1.432
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.432 * 5.96%)
10.54%

Discounted Cash Flow Calculation for SEHK:2208 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xinjiang Goldwind Science&TechnologyLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:2208 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.54%)
2020 -245.33 Analyst x3 -221.94
2021 746.00 Analyst x1 610.52
2022 1,248.15 Est @ 67.31% 924.07
2023 1,843.75 Est @ 47.72% 1,234.88
2024 2,470.71 Est @ 34% 1,497.00
2025 3,073.66 Est @ 24.4% 1,684.76
2026 3,617.19 Est @ 17.68% 1,793.64
2027 4,086.68 Est @ 12.98% 1,833.22
2028 4,482.54 Est @ 9.69% 1,819.06
2029 4,813.42 Est @ 7.38% 1,767.08
Present value of next 10 years cash flows CN¥12,942.29
SEHK:2208 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,813.42 × (1 + 2%) ÷ (10.54% – 2%)
CN¥57,512.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥57,512.10 ÷ (1 + 10.54%)10
CN¥21,113.65
SEHK:2208 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,942.29 + CN¥21,113.65
CN¥34,055.94
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥34,055.94 / 4,225.07
CN¥8.06
SEHK:2208 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SEHK:2208 represents 0.70293x of SZSE:002202
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.70293x
Value per Share
(Listing Adjusted, HKD)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 8.06 x 0.70293
HK$5.67
Value per share (HKD) From above. HK$5.67
Current discount Discount to share price of HK$9.11
= -1 x (HK$9.11 - HK$5.67) / HK$5.67
-60.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Xinjiang Goldwind Science&TechnologyLtd is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xinjiang Goldwind Science&TechnologyLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xinjiang Goldwind Science&TechnologyLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2208 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.87
SZSE:002202 Share Price ** SZSE (2019-07-15) in CNY CN¥12.96
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.81x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xinjiang Goldwind Science&TechnologyLtd.

SEHK:2208 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002202 Share Price ÷ EPS (both in CNY)

= 12.96 ÷ 0.87

14.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xinjiang Goldwind Science&TechnologyLtd is overvalued based on earnings compared to the HK Electrical industry average.
  • Xinjiang Goldwind Science&TechnologyLtd is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Xinjiang Goldwind Science&TechnologyLtd's expected growth come at a high price?
Raw Data
SEHK:2208 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
22.6%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 1.12x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:2208 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.86x ÷ 22.6%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xinjiang Goldwind Science&TechnologyLtd is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Xinjiang Goldwind Science&TechnologyLtd's assets?
Raw Data
SEHK:2208 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥7.03
SZSE:002202 Share Price * SZSE (2019-07-15) in CNY CN¥12.96
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.66x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:2208 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002202 Share Price ÷ Book Value per Share (both in CNY)

= 12.96 ÷ 7.03

1.84x

* Primary Listing of Xinjiang Goldwind Science&TechnologyLtd.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xinjiang Goldwind Science&TechnologyLtd is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Xinjiang Goldwind Science&TechnologyLtd's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Xinjiang Goldwind Science&TechnologyLtd has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2208 Future Performance

 How is Xinjiang Goldwind Science&TechnologyLtd expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xinjiang Goldwind Science&TechnologyLtd expected to grow at an attractive rate?
  • Xinjiang Goldwind Science&TechnologyLtd's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Xinjiang Goldwind Science&TechnologyLtd's earnings growth is expected to exceed the Hong Kong market average.
  • Xinjiang Goldwind Science&TechnologyLtd's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2208 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2208 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 22.6%
SEHK:2208 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 6.8%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:2208 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2208 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 42,680 5,823 5,047 12
2020-12-31 42,668 6,520 4,262 14
2019-12-31 38,377 4,606 3,176 14
SEHK:2208 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 30,267 2,600 3,134
2018-12-31 28,731 3,125 3,145
2018-09-30 25,938 3,054 3,107
2018-06-30 26,320 1,951 3,381
2018-03-31 25,405 3,745 3,043
2017-12-31 25,129 3,081 2,984
2017-09-30 26,438 3,145 3,121
2017-06-30 25,315 3,652 2,648
2017-03-31 25,996 3,648 2,776
2016-12-31 26,396 3,103 2,966
2016-09-30 28,483 1,803 2,882
2016-06-30 31,554 2,466 3,054

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xinjiang Goldwind Science&TechnologyLtd's earnings are expected to grow significantly at over 20% yearly.
  • Xinjiang Goldwind Science&TechnologyLtd's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:2208 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Xinjiang Goldwind Science&TechnologyLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2208 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.14 1.70 0.76 12.00
2020-12-31 1.00 1.30 0.75 16.00
2019-12-31 0.78 0.93 0.53 14.00
SEHK:2208 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.87
2018-12-31 0.88
2018-09-30 0.87
2018-06-30 0.95
2018-03-31 0.86
2017-12-31 0.84
2017-09-30 0.86
2017-06-30 0.73
2017-03-31 0.76
2016-12-31 0.83
2016-09-30 0.81
2016-06-30 0.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Xinjiang Goldwind Science&TechnologyLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xinjiang Goldwind Science&TechnologyLtd's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xinjiang Goldwind Science&TechnologyLtd has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2208 Past Performance

  How has Xinjiang Goldwind Science&TechnologyLtd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xinjiang Goldwind Science&TechnologyLtd's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xinjiang Goldwind Science&TechnologyLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Xinjiang Goldwind Science&TechnologyLtd's 1-year earnings growth is less than its 5-year average (3% vs 16.4%)
  • Xinjiang Goldwind Science&TechnologyLtd's earnings growth has exceeded the HK Electrical industry average in the past year (3% vs -3.4%).
Earnings and Revenue History
Xinjiang Goldwind Science&TechnologyLtd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xinjiang Goldwind Science&TechnologyLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2208 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 30,266.67 3,134.07 3,525.35 1,055.51
2018-12-31 28,730.61 3,145.19 3,380.72 1,047.18
2018-09-30 25,938.33 3,106.51 3,442.54 1,201.19
2018-06-30 26,319.60 3,380.72 3,416.16 1,195.61
2018-03-31 25,405.25 3,042.75 3,486.60 1,219.11
2017-12-31 25,129.46 2,983.66 3,640.61 981.12
2017-09-30 26,437.83 3,120.99 3,819.51 544.70
2017-06-30 25,314.70 2,648.35 3,675.50 398.88
2017-03-31 25,996.16 2,775.67 4,134.05
2016-12-31 26,395.83 2,965.54 4,117.08
2016-09-30 28,482.51 2,882.31 4,453.19
2016-06-30 31,553.63 3,054.15 4,756.55
2016-03-31 31,494.06 2,971.24 4,817.77
2015-12-31 30,062.10 2,849.50 4,519.20
2015-09-30 25,628.04 2,742.66 3,271.47
2015-06-30 22,662.44 2,744.45 3,070.16
2015-03-31 18,821.68 2,027.65 2,687.72
2014-12-31 17,704.22 1,829.68 2,533.60
2014-09-30 15,809.97 1,434.63 2,524.75
2014-06-30 13,533.42 665.66 2,221.04
2014-03-31 12,791.57 445.99 2,116.38
2013-12-31 12,308.48 427.65 2,024.84
2013-09-30 12,496.94 302.48 1,907.67
2013-06-30 11,086.47 173.67 1,599.96
2013-03-31 10,575.51 179.34 1,498.06
2012-12-31 11,324.19 153.05 1,537.13
2012-09-30 9,369.06 30.15 1,458.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Xinjiang Goldwind Science&TechnologyLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xinjiang Goldwind Science&TechnologyLtd used its assets less efficiently than the HK Electrical industry average last year based on Return on Assets.
  • Xinjiang Goldwind Science&TechnologyLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xinjiang Goldwind Science&TechnologyLtd's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xinjiang Goldwind Science&TechnologyLtd has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2208 Health

 How is Xinjiang Goldwind Science&TechnologyLtd's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xinjiang Goldwind Science&TechnologyLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xinjiang Goldwind Science&TechnologyLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xinjiang Goldwind Science&TechnologyLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xinjiang Goldwind Science&TechnologyLtd's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xinjiang Goldwind Science&TechnologyLtd Company Filings, last reported 3 months ago.

SEHK:2208 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 26,548.38 25,434.24 4,127.41
2018-12-31 26,475.12 22,156.89 5,065.94
2018-09-30 25,489.67 26,658.11 6,322.18
2018-06-30 23,882.17 24,417.55 4,293.18
2018-03-31 23,708.66 21,608.31 5,341.18
2017-12-31 23,475.00 21,884.83 8,802.17
2017-09-30 22,419.14 19,788.76 3,969.00
2017-06-30 21,315.84 18,762.08 4,818.33
2017-03-31 20,841.61 17,723.40 5,358.65
2016-12-31 20,698.79 18,091.11 9,050.30
2016-09-30 19,843.88 17,412.48 5,519.14
2016-06-30 18,675.10 16,332.07 5,951.38
2016-03-31 17,762.70 12,913.11 3,265.00
2015-12-31 17,390.60 12,494.73 6,306.37
2015-09-30 16,599.41 12,382.86 6,709.34
2015-06-30 15,379.38 12,142.19 5,404.86
2015-03-31 15,356.92 9,890.91 5,713.21
2014-12-31 15,227.01 11,880.45 10,197.68
2014-09-30 14,619.72 11,483.60 8,141.94
2014-06-30 13,868.79 11,217.12 4,043.00
2014-03-31 13,796.68 8,317.69 2,514.31
2013-12-31 13,792.94 7,965.16 4,571.93
2013-09-30 13,429.61 7,222.98 5,551.78
2013-06-30 13,314.89 6,516.58 4,712.99
2013-03-31 13,356.30 6,582.50 5,784.39
2012-12-31 13,285.62 6,105.12 6,961.76
2012-09-30 13,229.31 6,125.01 5,729.83
  • Xinjiang Goldwind Science&TechnologyLtd's level of debt (95.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60.5% vs 95.8% today).
  • Debt is not well covered by operating cash flow (10.2%, less than 20% of total debt).
  • Xinjiang Goldwind Science&TechnologyLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Xinjiang Goldwind Science&TechnologyLtd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xinjiang Goldwind Science&TechnologyLtd has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2208 Dividends

 What is Xinjiang Goldwind Science&TechnologyLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.93%
Current annual income from Xinjiang Goldwind Science&TechnologyLtd dividends. Estimated to be 2.05% next year.
If you bought HK$2,000 of Xinjiang Goldwind Science&TechnologyLtd shares you are expected to receive HK$39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Xinjiang Goldwind Science&TechnologyLtd's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Xinjiang Goldwind Science&TechnologyLtd's dividend is below the markets top 25% of dividend payers in Hong Kong (5.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:2208 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Hong Kong Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:2208 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.32 7.00
2020-12-31 0.28 11.00
2019-12-31 0.22 10.00
SEHK:2208 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-24 0.250 2.018
2018-06-13 0.200 1.700
2017-06-29 0.154 1.027
2016-03-31 0.369 3.000
2015-06-10 0.308 2.357
2014-07-11 0.062 0.598
2013-03-22 0.042 0.743
2013-02-27 0.042 0.948
2012-08-09 0.039 0.894
2011-03-25 0.262 3.564
2011-02-28 0.262 1.617
2010-03-11 0.048 0.302
2010-03-04 0.048 0.299
2009-03-23 0.096 0.669

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Xinjiang Goldwind Science&TechnologyLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Xinjiang Goldwind Science&TechnologyLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xinjiang Goldwind Science&TechnologyLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xinjiang Goldwind Science&TechnologyLtd has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2208 Management

 What is the CEO of Xinjiang Goldwind Science&TechnologyLtd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhigang Cao
COMPENSATION CN¥4,382,000
AGE 44
TENURE AS CEO 0 years
CEO Bio

Mr. Cao Zhigang serves as President of Xinjiang Goldwind Science & Technology Company Limited since July 11, 2019 and joined it in 2001. Mr. Zhigang has been an Executive Director of Xinjiang GoldWind Science & Technology Co., Ltd. since June 2013 and served as its Executive Vice President since March 2010 until July 11, 2019. Mr. Zhigang served as General Manager of WTG Business Unit of Xinjiang GoldWind Science & Technology Co., Ltd. Mr. Zhigang served as Vice President of Xinjiang GoldWind Science & Technology Co., Ltd. since January 2006 until March 2010 and served as its Deputy General Manager. Mr. Zhigang from Juy 1998 to March 1999: he served as maintainer and operator of Wind Turbine Units of Xinjiang Wind Energy Co., Ltd. served in the technology department of Xinjiang Goldwind Science & Technology Co., Ltd since May 1999 to June 2002. He was Director of the Electronic Control Department at Xinjiang Goldwind Science & Technology Co., Ltd. from 1999 to June 2002. He served as Director of Chief Engineer Office of Xinjiang Goldwind Science & Technology Co., Ltd from January 2005 to December 2005 and was its deputy chief engineer. Mr. Zhigang is a director of Swancor (Shanghai) Fine Chemical Co., Ltd. and the Deputy Chairman of JL MAG Rare-Earth Co., Ltd., which is listed on the Shenzhen Stock Exchange. He is a senior engineer. Mr. Zhigang graduated in Water and Power Engineering from Heehaw University in 1992. He also holds a Master's Degree in Power, Electric and Power Transmission from Northwest Industrial University in 2003. Mr. Zhigang holds a Bachelor Degree in Electric Power and automation from Electric Engineering College of Xinjiang University in 1998. Mr. Cao graduated from China Europe International Business School with a master of business administration.

CEO Compensation
  • Zhigang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zhigang's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Xinjiang Goldwind Science&TechnologyLtd management team in years:

5.3
Average Tenure
52
Average Age
  • The average tenure for the Xinjiang Goldwind Science&TechnologyLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gang Wu

TITLE
Chairman
COMPENSATION
CN¥4M
AGE
61

Zhigang Cao

TITLE
President & Executive Director
COMPENSATION
CN¥4M
AGE
44

Chunzhi Liu

TITLE
Chief Financial Officer
AGE
51
TENURE
0.9 yrs

Haibo Wang

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
45

Kai Wu

TITLE
Executive Vice President
AGE
50
TENURE
6.1 yrs

He Liu

TITLE
Chief Engineer
AGE
54
TENURE
7.3 yrs

Yunzhi Zhou

TITLE
Vice President
AGE
59
TENURE
5.3 yrs

Rixin Liu

TITLE
Vice President
AGE
46
TENURE
2.4 yrs

Zhai Endi

TITLE
Chief Engineer
AGE
56
TENURE
2 yrs

Jinru Ma

TITLE
Vice President
AGE
53
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the Xinjiang Goldwind Science&TechnologyLtd board of directors in years:

2.8
Average Tenure
51
Average Age
  • The average tenure for the Xinjiang Goldwind Science&TechnologyLtd board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zhigang Cao

TITLE
President & Executive Director
COMPENSATION
CN¥4M
AGE
44
TENURE
6.1 yrs

Haibo Wang

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
45
TENURE
7.1 yrs

Min Lu

TITLE
Director of Corporate Internal Audit & Legal Department and Employee Representative Supervisor
AGE
44
TENURE
4.3 yrs

Kelvin Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
59
TENURE
2.8 yrs

Gang Wu

TITLE
Chairman
COMPENSATION
CN¥4M
AGE
61
TENURE
17.2 yrs

Wei Wei

TITLE
Independent Non-executive Director
AGE
54
TENURE
0.1 yrs

Jianping Yang

TITLE
Independent Nnon-Executive Director
AGE
52
TENURE
0.1 yrs

Zongwei Han

TITLE
Chairman of Supervisory Committee

Jianjun Gao

TITLE
Non-Executive Director
AGE
51
TENURE
2.3 yrs

Hongmei Gu

TITLE
Non-Executive Director
AGE
50
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
08. Jul 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. Jul 19 03. Jul 19 -372,781 HK$8.86 HK$-3,301,535
28. Jun 19 Buy Schroder Investment Management (Hong Kong) Limited Company 25. Jun 19 25. Jun 19 266,400 HK$8.55 HK$2,277,267
11. Jun 19 Buy Schroder Investment Management (Hong Kong) Limited Company 15. May 19 15. May 19 1,946,600 HK$8.19 HK$15,946,933
11. Jun 19 Buy Schroder Investment Management (Hong Kong) Limited Company 06. May 19 06. May 19 1,440,600 HK$8.02 HK$11,552,748
21. May 19 Buy Schroder Investment Management (Hong Kong) Limited Company 17. May 19 17. May 19 1,107,600 HK$8.17 HK$9,048,647
14. May 19 Buy Schroder Investment Management (Hong Kong) Limited Company 08. May 19 08. May 19 924,000 HK$8.18 HK$7,556,007
03. May 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 30. Apr 19 30. Apr 19 1,634,106 HK$8.57 HK$14,011,482
25. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 18. Apr 19 18. Apr 19 6,056,800 HK$9.20 HK$55,708,042
02. May 19 Buy Schroder Investment Management (Hong Kong) Limited Company 29. Apr 19 29. Apr 19 886,800 HK$8.44 HK$7,486,187
23. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 16. Apr 19 16. Apr 19 1,998,000 HK$9.28 HK$18,544,241
23. Apr 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 18. Apr 19 18. Apr 19 -4,460,102 HK$9.15 HK$-40,823,750
15. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 10. Apr 19 10. Apr 19 2,330,689 HK$10.02 HK$23,349,544
16. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 12. Apr 19 12. Apr 19 4,433,600 HK$9.52 HK$42,190,128
16. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 11. Apr 19 11. Apr 19 5,464,000 HK$9.76 HK$53,347,779
12. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 09. Apr 19 09. Apr 19 2,566,200 HK$10.17 HK$26,110,568
04. Apr 19 Buy Schroder Investment Management (Hong Kong) Limited Company 01. Apr 19 01. Apr 19 4,102,600 HK$10.90 HK$44,729,415
28. Mar 19 Buy Schroder Investment Management (Hong Kong) Limited Company 25. Mar 19 25. Mar 19 1,799,200 HK$11.16 HK$20,080,156
21. Mar 19 Buy Schroder Investment Management (Hong Kong) Limited Company 19. Mar 19 19. Mar 19 2,912,000 HK$9.95 HK$28,968,877
26. Feb 19 Buy Schroder Investment Management (Hong Kong) Limited Company 21. Feb 19 21. Feb 19 1,849,400 HK$9.13 HK$16,890,388
30. Jan 19 Buy BlackRock, Inc. Company 25. Jan 19 25. Jan 19 676,800 HK$8.22 HK$5,564,853
01. Dec 18 Buy BlackRock, Inc. Company 28. Nov 18 28. Nov 18 124,525 HK$7.66 HK$954,049
X
Management checks
We assess Xinjiang Goldwind Science&TechnologyLtd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xinjiang Goldwind Science&TechnologyLtd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2208 News

Simply Wall St News

2208 Company Info

Description

Xinjiang Goldwind Science & Technology Co., Ltd., together with its subsidiaries, operates as a wind power company in Mainland China and internationally. It operates through four segments: WTG Manufacturing, Wind Power Services, Wind Farm Investment and Development, and Others. The company engages in the manufacture and sale of wind turbine generators and wind power components; and construction and operation of wind farms. Its products include 1.5 megawatt, 2.5 megawatt, and 3.0 megawatt, as well as 2 and 6 XMW permanent magnet direct-drive wind turbine generators. The company is also involved in the manufacture of wind power equipment; water treatment solutions; and photovoltaics, including smart energy storage centers and standard PV inverters. Xinjiang Goldwind Science & Technology Co., Ltd. was founded in 1998 and is headquartered in Urumqi, China.

Details
Name: Xinjiang Goldwind Science&Technology Co.,Ltd
2208
Exchange: SEHK
Founded: 1998
CN¥58,103,683,501
4,225,067,647
Website: http://www.goldwindglobal.com
Address: Xinjiang Goldwind Science&Technology Co.,Ltd
No. 107 Shanghai Road,
Economic & Technological Development Zone,
Urumqi,
Xinjiang Uygur Province, 830026,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002202 Domestic Shares Shenzhen Stock Exchange CN CNY 26. Dec 2007
XSEC 002202 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 26. Dec 2007
SEHK 2208 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 08. Oct 2010
OTCPK XNJJ.Y UNSPONSORE ADR Pink Sheets LLC US USD 24. Apr 2017
OTCPK XJNG.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 08. Oct 2010
DB CXGH Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 08. Oct 2010
SHSC 2208 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Oct 2010
SZSC 2208 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Oct 2010
Number of employees
Current staff
Staff numbers
8,753
Xinjiang Goldwind Science&TechnologyLtd employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:55
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.