Xinjiang GoldWind Science & Technology Co., Ltd. Presents at 4th Annual dbAccess Asia Conference 2013, May-20-2013 . Venue: Marina Bay Sands Resort & Casino, 10 Bayfront Avenue, Singapore 018956, Singapore.

Xinjiang GoldWind Science & Technology Co., Ltd. - Analyst/Investor Day

Xinjiang GoldWind Science & Technology Co., Ltd. reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported total operating revenues of RMB 951,043,362.86 against RMB 1,699,725,465.54 a year ago. Operating profits was RMB 29,008,714.99 against operating loss of RMB 24,552,377.63 a year ago. Net profits attributable to owners of the parent company were RMB 32,461,572.39 against RMB 6,177,046.30 a year ago. Basic and diluted earnings per share were RMB 0.0120 against RMB 0.0023 a year ago. Negative net cash flows from operating activities were RMB 731,643,491.12 against RMB 1,587,116,399.80 a year ago. Cash paid for purchase of fixed assets, intangible assets and other long-term assets was RMB 661,309,504.80 against RMB 401,012,224.68 a year ago. Revenue from operations and cost of sales decreased by 44.05% and 48.42%, respectively, year-over-year, mainly due to a year on year decrease in sales of wind turbine generators affected by the market environment. Profit from operations increased by 218.15% year on year, mainly due to a year on year increase in the company's gross profit margin as well as the Company's effective cost controls. Net cash flows used in operating activities decreased by 53.90% year on year, mainly due to a year on year increase in collection of trade receivables resulting from the company's effective. For the quarter, on parent basis, the company reported operating revenues of RMB 696,712,935.27 against RMB 1,164,637,120.28 a year ago. Operating profits was RMB 64,737,098.06 against RMB 310,334,253.38 a year ago. Net profits were RMB 72,704,422.89 against RMB 322,528,280.66 a year ago. Basic and diluted earnings per share were RMB 0.0270 against RMB 0.1197 a year ago. Negative net cash flows from operating activities were RMB 69,930,386.58 against negative net cash flows from operating activities of RMB 1,552,386,503.50 a year ago. Cash paid for purchase of fixed assets, intangible assets and other long-term assets was RMB 4,080,193.26 against RMB 8,642,236.47 a year ago. For the first quarter of 2013, on consolidated basis, the company reported impairment loss of assets of RMB 10,114,765.00 against RMB 7,799,684.72 a year ago. For the first quarter of 2013, on parent basis, the company reported impairment loss of assets of RMB 7,146,277.63 against RMB 8,753,118.79 a year ago. For the period January to June 2013, the company expects range of net profits attributable to shareholders of RMB 7,2068,9000 to RMB 10,810,3400 the company for January to June 2013. Moderate increase in total profits expected due to the company's stronger cost controls.