Goldwind Sci&Tech Co H

Dear investors, good afternoon. Welcome to join us at GoldWin Science Technology 2024 Q1 results announcement. Today, we have President Cao Zhiguang, Madam Ma Jinru, both Secretary and Company Secretary, CFO Wang Hongyan, Vice President Chen Qiuhua with us. We're going to have two sessions today for the announcement. First, We're going to have Madam Ma to walk us through the major highlights and Mr. Wang will brief us on the business performance and then we will kick off the Q&A session. Now over to you, Madam Ma. Thank you. Dear investors, good afternoon. A great thank you to everybody for joining us today.

I'm sure we have something on our company announcements. We can see that the major information of the company

You can see that on the first page, we can see the global new installation in 2024 in 118 gigawatt hours, 36% up comparing with the year 2022, among which the onshore capacity newly added amounting to 106.7 gigawatts 37% up year-on-year, and the offshore newly added capacity, 11.3 gigawatts, up by 25% year-on-year. And in 2023, we can see that there's a global surge for wind installations, mostly contributed by China, which recorded 77.1 gigawatt hours. accounting for 65% of global installations newly built. And of course, Brazil ranks number three in terms of the newly added wind installations. Now, you can see on the grid connection on the right side, you can see all the information and you can also see the public tender market information. On next page, Page six, you can see some of the latest policies for new energy in China. The Chinese government continues to introduce new policies on building, upgrading the grid, on developing new energies, and in the same time, providing documents on supporting China's rural areas in developing wind power. On the right side, the government also proposed that by the end of 2024, the non-fossil installation generation capacity is going to account for 55% of the total installation capacity, and also The non-fossil fuels, especially energy, is going to account for 18.9% of the total use of energy. And wind, solar capacity is going to account for 17% of total social consumption. So we definitely have great expectations for the new energy development in 14th and 15th five-year plans. Now, giving that background, I'd like to walk you through the company's development. On this page, you can see the sales capacity. In Q1, we have external sales volume of 1,436 megawatts, up by 29.4% year-on-year. Below 4 megawatt hours, only 0.7 percentage, where between 4 megawatts to 6 megawatts, it accounts for 52% of the total external sales capacity, and the above 6 megawatt accounts for 47.3%. Now let's look at the order backlog. In the end of Q1 2024, we have a backlog order of 33.65 gigawatts, among which there are 32.36 gigawatts for external order, among which we have successful bid of eight gigawatts and signed contract of 24.36 gigawatts. We can also see that the internal backlog order in the end of Q1 2024 amounting to 1,295 megawatts. You can also see that among the backlog order, we can see definitely a great development of overseas orders, especially at the end of this Q1, we have more than 1,800 megawatts of the orders from overseas. Now, let's look at the grid connection. You can see that from the pie chart, we can the total location of our attributable grid-connected wind power, 29% in northwestern China, 27 in eastern China, 23 in north China, and 11% in south China, 4% in northeastern China. At the end of Q1, We have total actual under construction capacity amounting to 4,096 megawatt hours. And in the same period, our average utilization rate of our wind farm is 632 hours, 38 hours higher than the industry average. And you can also see the breakdown on the right side. That's all for me. I'll hand over to my colleague to walk you through our financial highlights.