GoodWe Technologies Co., Ltd. (SHA:688390)

GoodWe Technologies Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	9,368	8,889	6,738	7,353	4,710	2,678
Revenue Growth	25.00%	31.93%	-8.36%	56.10%	75.88%	68.53%
Gross Profit Gross Profit Growth	2,095	1,839	1,309	2,159	1,500	829.38
Operating Income Operating Income Growth	176.81	16.42	-167.23	849.84	585.87	313.25
Net Income Net Income Growth	264.42	134.91	-61.81	852.1	649.29	279.54
Earnings Per Share EPS Growth	1.08	0.56	-0.26	3.50	2.67	1.16
EPS Growth	-	-	-	31.02%	130.65%	-12.69%

Revenue by Geography

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Fiscal Year	FY 2025
Period Ending	Dec 31, 2025
China China Growth	5,250
Overseas Overseas Growth	3,639
Total Total Growth	8,889

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,704	1,544	1,088	1,839	1,657	1,302
Total Debt Total Debt Growth	1,645	1,373	1,808	500.13	215.28	20.87
Net Cash (Debt) Net Cash Growth	58.69	171.15	-719.9	1,339	1,442	1,281
Net Cash Growth	-	-	-	-7.14%	12.54%	-5.85%
Net Cash Per Share Net Cash Per Share Growth	0.24	0.71	-3.03	5.50	5.93	5.31

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	816.53	644.64	-792.97	1,034	874.5	296.06
Capital Expenditures CapEx Growth	-158.09	-126.25	-495.33	-565.3	-486.02	-318.66
Free Cash Flow Free Cash Flow Growth	658.44	518.39	-1,288	468.78	388.48	-22.6
Free Cash Flow Growth	-	-	-	20.67%	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	22.37%	20.69%	19.43%	29.36%	31.85%	30.97%
Operating Margin	1.89%	0.18%	-2.48%	11.56%	12.44%	11.70%
Pretax Margin	1.92%	1.18%	-0.99%	13.65%	14.65%	11.06%
Profit Margin	2.82%	1.52%	-0.92%	11.59%	13.79%	10.44%
FCF Margin	7.03%	5.83%	-19.12%	6.38%	8.25%	-0.84%

Dividends

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Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.536	0.816	0.437
Dividend Per Share Growth	-34.38%	86.69%	0%
Dividend Yield	0.58%	0.50%	0.27%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	57.51	110.61	-	26.49	61.31	144.68
Forward PE	14.36	37.39	16.11	13.61	45.63	69.07
P/FCF Ratio	22.68	28.79	-	48.16	102.46	-
PS Ratio	1.59	1.68	1.47	3.07	8.45	15.10

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

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