Xinjiang Goldwind Science & Technology Co., Ltd. (XJNGF) Q1 2023 Earnings Call Transcript

Xinjiang Goldwind Science & Expertise Co., Ltd. (OTCPK:XJNGF) Q1 2023 Outcomes Convention Name April 27, 2023 4:00 AM ET

Firm Individuals

Ma Jinru – Vice President and Board Secretary

Wang Hongyan – CFO

Xue Naichuan – Vice President

Chen Qiuhua – Vice President


Distinguished buyers, an excellent afternoon. Welcome to Goldwind Science & Expertise Co., Ltd. First Quarter Outcomes of 2023.

Immediately, we’ve the administration right here at present with us. President, Zhigang Cao; Vice President and Board Secretary, Madam Ma Jinru; CFO, Wang Hongyan; Vice President, Xue Naichuan; Vice President, Chen Qiuhua.

Immediately, the assembly can be consisted of two components. First, we are going to Madam Ma Jinru discuss to us in regards to the first quarter trade overview — enterprise overview. And adopted by Mr. Wang, Hongyan to speak to us in regards to the monetary outcomes. After which we could have a question-and-answer session.

Now to start with, we’ll give the ground to Madam Ma Jinru.

Ma Jinru

Pricey, buyers, superb afternoon to everyone. Welcome to our first quarter outcomes announcement of Goldwind Science & Expertise Co. To start with, I’ll discuss in regards to the trade overview and enterprise overview of our firm.

If you happen to go to the Web page quantity 3, you’ll be able to take a look on the international wind energy market, particularly the brand new installations and their geographical areas. I am going to skip the main points of what I am talking. There was a lower of 15% of world new installations. The principle purpose is due to the set up lower in China and the wind tower firm — wind energy. That is about — [69%] of them are in China.

And should you have a look at the China home market, you’ll notice that within the first quarter, we registered a rise in the entire nation with 10.4 gigawatts of latest grid connection, with a rise