Specialist
Former director at Xinjiang Goldwind Science & Technology Co Ltd
Agenda
- 2020-22 wind power generation volume, electricity price and wind power companies’ profit margin dynamics
- Goldwind Science & Technology’s (SHE: 002202) installed capacity growth in the next 1-2 years, plus potential sales growth of major products
- Goldwind’s wind power project volume, project revenue, ROIs and business growth drivers
- Goldwind’s core competitive advantages in wind power equipment sector and potential market share growth
- Wind power equipment technology and product iteration directions, including possible rationale
Questions
1.
Could you first comment on the development trend of China’s wind power market? What do you think of its development prospects? According to the public data, the installed capacity of wind power in China reached a record high in 2020. Can you review the growth trend of wind power installations in China in 2020 and analyse the main growth drivers?
2.
With the implementation of the policy, can you predict the installed capacity of wind power in China in 2021? Can you predict the possible maximum and minimum?
3.
Can you predict the on-grid price of wind power in the next 3-5 years? What impact will the implementation of the new policy and the cancellation of subsidies have on the price of wind power?
4.
Can you analyse the economics of a specific wind power project? How much will the cost of wind power drop in the next 3-5 years? How will it come down exactly? What are the trends in the upfront investment, ROI and project cycle of new wind power projects?
5.
How much capacity Goldwind will add to its wind farm in 2021?
6.
Can you review the installed capacity increase of Goldwind’s three wind turbine product series, as well as their market positioning and core strengths?
7.
How much the installed capacity of Goldwind’s wind turbines will increase in 2021? How much will each series grow?
8.
Why did Goldwind acquire fewer orders than other domestic players in 2020?
9.
Can you estimate Goldwind’s market share in the wind power equipment sector in the long term?
10.
Can you elaborate on the core advantage of PMDD technology in onshore and offshore wind power sectors?
11.
What are the technical barriers on PMDD equipment? Will other companies manufacture such equipment in the future?
12.
What are the iteration direction and rationale of Goldwind’s PMDD equipment?
13.
If the height and swept area of wind power equipment increase, the cost per kilowatt hour will decrease. Is there any relevance model?
14.
How is the stability of the supply of key components and raw materials of Goldwind’s PMDD equipment, such as rare earth permanent magnetic materials? Can you comment on the supply capability of Goldwind’s suppliers?
15.
What are the main growth drivers for Goldwind’s development in China and abroad in terms of wind power equipment and wind power business?
16.
Have Goldwind’s turbines or wind power projects in overseas market gained sound ROI? How about the profitability in domestic market?
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