China · Delayed Price · Currency is CNY Goldwind Science&Technology Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered record revenue and strong profit growth, driven by wind turbine manufacturing and robust international expansion. Gross margin declined year-over-year, but operating efficiency and cash flow improved, with a healthy order backlog and continued deleveraging.
Fiscal Year 2025
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2025 saw record wind power installations and robust financial growth, with revenue up 16.3 billion CNY and net profit rising 49%. The company improved margins, reduced debt, and set ambitious ESG and carbon neutrality targets for 2030.
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Revenue hit a record CNY 48.1 billion in Q1–Q3 2025, up CNY 10 billion year-over-year, with net profit rising to CNY 2.08 billion. Sales surged 90% and international backlog reached 7 GW, while policy support and new climate targets drive future growth.
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Revenue and profit margins reached historic highs in H1 2025, led by nearly 100% growth in WTG manufacturing sales and robust segment performance. Improved cash flow, asset-liability ratio, and strong policy support position the company for continued growth.
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Q1 2025 saw strong revenue and net profit growth, driven by robust wind turbine sales and record order backlog, especially in international markets. Policy support and booming public tendering continue to fuel industry expansion, with a focus on optimizing financial ratios and receivables.
Fiscal Year 2024
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2024 saw record wind power installations and revenue growth, with a historic order backlog and strong sustainability achievements. Profit margins improved in manufacturing, while wind farm development margins faced pressure from lower electricity prices. Robust cash flow and a strengthened balance sheet support future growth.