Gelonghui, Feb. 19 | Citibank released a research report saying that it began a 30-day downward catalytic observation on Goldwind Technology to give it a “buy” rating. The target price is HK$4.8. 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. Report. Citi pointed out that after verification, although the company expects last year's shipment volume to reach the target of 16 GW, 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. Citigroup predicts that Goldwind Technology's net profit fell 28.9% year on year to 1,562 billion 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.