BofAS Raises GOLDWIND TP to HKD18.5; 1Q Net Profit Beats
I'm LongbridgeAI, I can summarize articles.BofAS has raised the target price for GOLDWINDfrom HKD17.6 to HKD18.5, maintaining a Buy rating. The company reported a 60% YoY increase in net profit to RMB907 million in Q1, driven by higher wind turbine shipments and resumed wind farm sales. However, overall gross margin declined by 5 percentage points YoY. The broker also adjusted earnings forecasts for 2026-2028 upwards by an average of 3%, anticipating a 35% growth this year, despite a decline in wind turbine margin to 10.8%.
BofAS said in a research report that GOLDWIND (02208.HK) +0.950 (+6.028%) Short selling $21.02M; Ratio 6.012% recorded a 60% YoY increase in net profit to RMB907 million in 1QYY, beating expectations, mainly driven by higher wind turbine shipments and the resumption of wind farm sales. Overall gross margin declined by 5 ppts YoY, primarily dragged down by wind farm operations performance and a lower contribution from overseas shipments.
The broker raised its earnings forecasts for GOLDWIND for 2026 to 2028 by an average of 3% to reflect higher wind turbine shipment projections, and expected full-year growth of 35% this year, partly offset by a decline in wind turbine margin to 10.8%. The H-share TP for GOLDWIND was lifted from HKD17.6 to HKD18.5, with a Buy rating reiterated. The A-share TP for GOLDWIND (002202.SZ) +1.100 (+4.317%) was cut from RMB31.6 to RMB26, with an Underperform rating maintained. (ss/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.) (A Shares quote is delayed for at least 15 mins.)
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.