The Zhitong Finance App learned that Citi released a research report stating that it will launch a 30-day downward catalytic observation on Goldwind Technology (02208). Goldwind will announce its results at the end of March. The bank expects Goldwind Technology's profit last year to be lower than market expectations, dragged down by a drop in wind turbine sales prices. The report gave Goldwind a “buy” rating, with a target price of HK$4.8.

Citi pointed out that after verification, although the company expects last year's shipment volume to reach the target of 16 GW, which is a 15% year-on-year increase, the bank believes that its profitability will also be adversely affected by the decline in wind turbine sales prices exceeding expectations. Citi predicts that Goldwind Technology's net profit fell 28.9% year on year to 1,562 million yuan last year, with a 1.5% year-on-year increase of 1.5% to 364 million yuan in the second half of the year.