Sou Hu Cai Jing·2025-04-28 08:55Core Viewpoint - The recent performance of Goldwind Technology (金风科技) shows significant growth in revenue and net profit, indicating a recovery in the wind power industry and boosting investor confidence [2][4]. Financial Performance - In Q1 2025, the company achieved revenue of approximately 9.472 billion yuan, a year-on-year increase of 35.72%, and a net profit attributable to shareholders of about 568 million yuan, up 70.84% year-on-year [2][3]. - The company's net profit excluding non-recurring gains was approximately 555 million yuan, reflecting a strong operational performance [3]. - The basic earnings per share were 0.0726 yuan, compared to a loss of 0.1299 yuan in the previous period [3]. Industry Context - The growth in performance is attributed to the recovery in the wind power sector, with increased sales of wind turbines and components [4]. - As of the end of Q1 2025, Goldwind had a total external order backlog of 51,091.24 MW, representing a year-on-year increase of 51.81% [4]. - The company has maintained its leading position in the domestic market with a 22% market share and ranked first globally with a 15.9% market share in new installations [5]. Strategic Initiatives - Goldwind announced a share buyback plan of no less than 300 million yuan and no more than 500 million yuan, reflecting management's confidence in future growth [5]. - The company has also seen a historical high in overseas new orders, contributing to its performance recovery [4]. Market Outlook - Despite concerns regarding potential tariff impacts on the wind power industry, experts suggest that the overall exposure of Chinese wind turbine manufacturers in the U.S. market is low, and the industry has developed strong supply chain advantages [6].