GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Earnings Release 2018

Feb 27, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [411 x 149] intentionally omitted <==

PRELIMINARY RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017

This announcement is made pursuant to Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors (the “ Board ”) of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”, and together with its subsidiaries, the “ Group ”) wishes to refer the shareholders of the Company and potential investors to the preliminary results of the Group for the financial year ended 31 December 2017 (the “ Reporting Period ”) as detailed below. The information contained in this announcement has been published by the Company on the Shenzhen Stock Exchange on 27 February 2018 pursuant to the requirements of the Shenzhen Stock Exchange.

Shareholders of the Company and potential investors are reminded that the information contained in this announcement has been reviewed by the Company’s Internal Audit, which is prepared in accordance with China Accounting Standards for Business Enterprise (as defined under the Listing Rules), and is not based on any data or information that has been audited or reviewed by the auditors of the Company. There may be discrepancies between the information contained herein and the final data to be disclosed in the Company’s annual report.

• 1 -

1. Preliminary Results

		Unit: RMB ten thousand	Unit: RMB ten thousand
		(unless otherwise stated)
	Year	ended 31 December	Percentage
	2017	2016	Change
Total operating revenues	2,512,945.60	2,639,582.93	-4.80%
Operating profits	350,868.09	328,869.20	6.69%
Total profits	349,055.60	355,195.63	-1.73%
Net profits attributable to the
shareholders of the parent
company	305,465.69	300,298.20	1.72%
Basic earnings per share
(RMB)	0.8390	0.8339	0.61%
Weighted average return on			-1.83 percentage
net assets	15.04%	16.87%	points
		As at 31 December	Percentage
	2017	2016	**Change **
Total assets	7,278,783.94	6,443,716.50	12.96%
Total equity attributable to the
shareholders of the parent
company	2,268,669.35	1,997,615.20	13.57%
Total number of shares
(ten thousand shares)	355,620.33	273,554.10	30.00%
Net assets per share
attributable to the
shareholders of the parent
company (RMB)	6.38	5.62	13.52%

Note:

Basic earnings per share for the Reporting Period and for the period of 1 January to 31 December 2016, and net assets per share attributable to the shareholders of the parent company at 31 December 2017 and 31 December 2016 were re-calculated based on the number of shares after the implementation of 2016 profit distribution plan, which is the distribution of 3 bonus shares per every ten shares held by the Company’s shareholders based on the total capital as at the end of 2016.

2. Discussion and Analysis

The Group’s total operating revenues and total profits for the Reporting Period decreased by 4.80% and 1.73% compared with the same period of last year respectively, operating profits, net profits attributable to the shareholders of the parent company, and basic earnings per share for the Reporting Period increased by 6.69%, 1.72% and 0.61% compared with the same period of last year respectively.

The Group’s total number of shares as at 31 December 2017 increased by 30% compared with 31 December 2016, mainly due to the implementation of 2016 profit distribution plan, which is the distribution of 3 bonus shares per every ten shares held by the Company’s shareholders based on the total capital as at the end of 2016.

• 2 -

3. Differences with Disclosed Results Forecast

The preliminary results disclosed in this announcement fall within the forecasted range that was disclosed in the Company’s 2017 Third Quarterly Report published on 26 October 2017.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board Xinjiang Goldwind Science & Technology Co., Ltd. Ma Jinru Company Secretary

Beijing, 27 February 2018

As at the date of this announcement, the Company’s executive directors are Mr. Wu Gang, Mr. Wang Haibo and Mr. Cao Zhigang; non-executive directors are Mr. Zhao Guoqing, Mr. Feng Wei and Mr. Gao Jianjun; and the independent non-executive directors are Mr. Yang Xiaosheng, Mr. Luo Zhenbang and Dr. Tin Yau Kelvin Wong.

* For identification purpose only

• 3 -