Financial Statement Analysis Of Goldwind Science & Techonology

China is now facing a historical opportunity to turn itself from a big energy mover to an energy superpower. Meanwhile, to develop renewable energy is also an inevitable choice for China when facing dual challenges from both energy crisis and global warming. Under this circumstance, wind power, with the greatest potential for exploitation, abundant resources, as well as the obvious economic efficiency, is gradually becoming the primary choice for China on its efforts to develop renewable resource. It is therefore a matter of great significance to carry through a profound study on wind power industry.Goldwind, as a leading player on comprehensive wind power solutions, enjoys a big market share on both domestic and international market. Glodwind has already become a global leader in wind power industry. Therefore, Goldwind is a very typical sample to choose amoug those companies in wind power industry.Annual reports play a significant role in company’s daily management, through which we can have a better understanding on company’s corporate governance. As Goldwind (SZSE:002020; HK:2208) has been chosen as the research subject in this article, an in-depth research on its annual reports has been made to further analyze its corporate governance.To have the analysis done as precisely as possible, Goldwind’s annual reports from 2010 to 2014 have been collected for the study herein. Meanwhile, necessary financial data from other similar public companies in the same industry have also been gathered for comparative purpose. Through the application of fundamental theories on financial analysis, analysises are mainly focus on company’s risk control, profitability, capability of cash generation, EVA, as well as the development capability. Dupont Analysis followed behind to further explain the change of ROE on year-on-year basis. Financial Strategy Matrix Model also followed afterwards as a tool to study and give suggestions on Goldwind’s financial strategy.After all the comparisons and analysis carried through, we not only indentified those advantages that distinguish Goldwind from other companies, but also gave suggestions on company strategies. Finally, we pointed out a series of problems on its accounting management and gave our solutions accordingly. Hope this article can provide valuable information to company’s management, interested parties, so well as the potential investors.