GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Earnings Release 2019

Feb 22, 2019

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.

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PRELIMINARY RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

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 2018 (the “ Reporting Period ”) as detailed below. The information contained in this announcement has been published by the Company 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.

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1. Preliminary Results

		Unit: RMB ten thousand	Unit: RMB ten thousand
		(unless otherwise stated)
	Year	ended 31 December	Percentage
	2018	2017	Change
Total operating revenues	2,873,060.73	2,512,945.60	14.33%
Operating profits	370,663.69	350,868.09	5.64%
Total profits	367,064.58	349,055.60	5.16%
Net profits attributable to the
shareholders of the parent
company	321,660.39	305,465.69	5.30%
Basic earnings per share
(RMB)	0.8845	0.8390	5.42%
Weighted average return on			Decline 1.01
net assets	14.03%	15.04%	percentage points
		As at 31 December	Percentage
	2018	2017	**Change **
Total assets	8,150,103.73	7,278,783.94	11.97%
Total equity attributable to
the shareholders of the
parent company	2,497,273.68	2,268,669.35	10.08%
Total number of shares
(ten thousand shares)	355,620.33	355,620.33	0.00%
Net assets per share
attributable to the
shareholders of the parent
company (RMB)	7.02	6.38	10.03%

2. Discussion and Analysis

During the Reporting Period, sales volume of wind turbine generators sold by the Group increased, as well as the Group’s capacity of wind farms in the operation stage increased, the situation of curtailment of wind power improved, and the power generation increased respectively, resulting in the Group's total operating revenues increased 14.33%. In order to respond to the change of wind power industry policies, the Group increased its input of products research and financing, which had a certain impact on the Group’s net profit growth range. The Group's operating profits, net profits attributable to the shareholders of the parent company and basic earnings per share for the Reporting Period increased by 5.64%, 5.30% and 5.42% respectively.

In 2018，the net profit attributable to the shareholders of the parent company was RMB3,216,603,854.66, including non-recurring gains and losses attributable to the shareholders of the parent company and net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses were RMB345,251,733.90 and RMB 2,871,352,120.76 respectively.

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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 2018 Third Quarterly Report published on 26 October 2018.

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, 22 February 2019

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. Gao Jianjun and Ms. Gu Hongmei; and the independent non-executive directors are Mr. Yang Xiaosheng, Mr. Luo Zhenbang and Dr. Tin Yau Kelvin Wong.

• For identification purpose only

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