Turbine manufacturer Goldwind has reported a net profit of RMB568m (€68m) for the first quarter of 2025, a 71% rise on the RMB333m (€40m) achieved at the same time last year.
Overall the Chinese firm achieved revenue of RMB9,472m (€1,144m), a 36% rise on the previous year’s RMB6979m (€843m).
During the report period, weighted average return on equity for the first quarter of 2025 was 1.48%.
In the first quarter of 2025, Goldwind’s external sale capacity totalled 2,587.65MW – a 80.16% year on year increase.
Almost 71% of this was for wind turbines generating 6MW or above, with those between 4MW and 6MW making up the remainder.
As of the end of Q1 2025, the company’s total order backlog was 51.09GW.
Goldwind’s external order backlog totalled 48.6GW, including 9.42GW of successful bids and 39.19GW of signed contract.
The remaining 2.47GW was for the company’s own wind farm.
As of the end of the report period, Goldwind’s attributable, grid-connected wind power projects totalled 8,043MW, of which 30% were located in Northwestern China, 22% domiciled in North China, 29% in East China, 9% Southern region, 4% in Northeastern and 5% in the overseas market.
In addition, Goldwind had 4117MW under-construction wind capacity at home and abroad.