Goldwind Science&Technology Co., Ltd. (OTCPK:XJNGF) Q2 2025 Earnings Conference Call August 25, 2025 4:00 AM ET
Company Participants
Hongyan Wang – Chief Financial Officer
Jinru Ma – VP & Company Secretary
Operator
Dear investors, good afternoon. Welcome to join us at Goldwind 2025 Interim Results Announcement Telephone Call. Today, joining us, including Mr. Cao Zhigang, VP and Board Director; VP, Board Secretary and Company Secretary; Ma Jinru, CFO, Wang Hongyan; and Mr. Chen Qiuhua, Group VP and GM of Wind Power Industrial Company.
Now Madam Ma Jinru is going to walk us through the industry development and company’s operation for first half of 2025. And then Mr. Wang Hongyan is going to walk us through the financial indicators, and then we’ll kick off our Q&A.
Madam Ma, please.
Jinru Ma
Thank you. Am I audible? Okay. Dear investors, good afternoon. Welcome to join us at 2025 Goldwind interim results announcement, and thank you for your long-term support and care to the company. Let me now walk you through the industry development update.
This is the GWEC global wind power market update. As you could see, previously, we have updated it on the Bloomberg global data, but now GWEC as a professional council, they have more authoritative data. 2024 global new installation was 117 gigawatts, onshore wind, 109 gigawatts, offshore wind totaling 8 gigawatts.
By region, APAC accounts for 75% of the total installation. China represents 68% of the total installation. On the right side, you could see the wind power price from ’21 to 2024, the LCOE of onshore power declined by 70%, whereas in China, it declined by 68% from 2010 to 2024. Now the global LCOE is USD 0.034 per kilowatt. And in China, it is now USD 0.029 per kilowatt hour.
The LCOE of offshore wind power
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