Goldwind Science & Technology Co Ltd

Goldwind maintains a capital structure characterized by significant leverage and tight liquidity. The company reports total liabilities of 123.06 billion CNY against total equity of 43.44 billion CNY, resulting in a debt-to-equity ratio of 0.93. Long-term debt stands at 40.20 billion CNY, while cash and equivalents are 9.11 billion CNY, leading to a negative net cash position. The current ratio is 0.91, indicating that current liabilities exceed current assets, which aligns with the medium liquidity risk assessment. Free cash flow is negative at -2.16 billion CNY, driven by capital expenditures of 7.48 billion CNY that exceed operating cash flow of 3.54 billion CNY.

Profitability metrics indicate modest returns on capital. Return on equity is 5.61%, and return on assets is 1.46%. The company generates a gross profit of 10.32 billion CNY on revenue of 73.02 billion CNY, yielding a gross margin of approximately 14.1%. Operating income is 4.04 billion CNY, and net income is 2.77 billion CNY. Without cohort median data provided in the input, these returns are assessed in isolation, showing a net margin of approximately 3.8%.

Revenue concentration and geographic exposure details are not present in the available data. The company’s activity is described as IT Consulting & Other Services, but specific segment breakdowns or regional revenue mixes are omitted from the input.

Growth trajectory analysis is limited by the absence of historical period data. The latest normalized period shows revenue of 73.02 billion CNY and net income of 2.77 billion CNY. Without 5-year annual or 8-quarter quarterly data, year-over-year growth rates cannot be calculated from the provided input.

Risk factors include medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting reliance on external financing or operating cash generation to service obligations. The current ratio below 1.0 further underscores short-term liquidity pressure.

Recent events are reflected in analyst estimates, with a mean price target of 25.37 CNY and a median of 26.35 CNY. The mean recommendation is 2.20, with 4 strong buys, 6 buys, and 3 holds, suggesting a generally positive analyst sentiment despite the current market price of 22.36 CNY. No specific filing, news, or transcript observations are provided in the input.

Revenue surged 28.8% year-over-year to CNY 73.0 billion in FY2026, demonstrating strong top-line growth momentum.

Net income jumped 49.1% to CNY 2.77 billion in FY2026, significantly outpacing revenue growth rates.

Operating income expanded 86.5% to CNY 4.04 billion in FY2026, indicating substantial improvement in core profitability.

Free cash flow improved 48.8% to a negative CNY 2.16 billion, showing a narrowing cash burn rate.

Long-term debt remains elevated at CNY 40.2 billion in FY2026, creating significant leverage and credit risk exposure.

The debt-to-equity ratio of 0.93 sits in the bottom quartile of the cohort, signaling high financial leverage.

Operating margin of 4.46% trails the IT Services cohort median of 5.1%, reflecting weaker pricing power or cost control.

Net margin of 3.73% is below the cohort median of 3.81%, indicating persistent pressure on bottom-line profitability.

Free cash flow remains deeply negative at CNY 2.16 billion in FY2026, highlighting ongoing cash generation challenges.

Revenue ¥15.48B, +63,5% YoY; Operating income +47,2% YoY.

• ▍Revenue ¥15.48B, +63,5% YoY
• ▍Operating income +47,2% YoY
• ▍Net income +59,6% YoY
• ▍Net margin 5.9%

Revenue ¥73.02B, +28,8% YoY; Operating income +86,5% YoY.

• ▍Revenue ¥73.02B, +28,8% YoY
• ▍Operating income +86,5% YoY
• ▍Net income +49,1% YoY
• ▍Free cash flow +48,8% YoY
• ▍Net margin 3.8%

Revenue ¥56.70B, +12,4% YoY; Operating income −16,6% YoY.

• ▍Revenue ¥56.70B, +12,4% YoY
• ▍Operating income −16,6% YoY
• ▍Net income +39,8% YoY
• ▍Free cash flow +4,0% YoY
• ▍Net margin 3.3%

Revenue ¥50.46B, +8,7% YoY; Operating income −6,3% YoY.

• ▍Revenue ¥50.46B, +8,7% YoY
• ▍Operating income −6,3% YoY
• ▍Net income −44,2% YoY
• ▍Free cash flow +32,6% YoY
• ▍Net margin 2.6%

Revenue ¥46.44B, −8,8% YoY; Operating income −40,0% YoY.

• ▍Revenue ¥46.44B, −8,8% YoY
• ▍Operating income −40,0% YoY
• ▍Net income −36,1% YoY
• ▍Free cash flow +7,6% YoY
• ▍Net margin 5.1%

Revenue ¥50.90B; Operating income ¥4.62B.

• ▍Revenue ¥50.90B
• ▍Operating income ¥4.62B
• ▍Net margin 7.3%