Zhi Tong Cai Jing·2025-08-26 02:05Group 1 - Goldwind Technology reported a revenue of RMB 28.494 billion for the six months ending June 30, 2025, representing a year-on-year increase of 41.46% [1] - The company's net profit attributable to shareholders was RMB 1.488 billion, up 7.26% year-on-year, with earnings per share of RMB 0.34 [1] - Sales revenue from wind turbine generators and components reached RMB 21.852 billion, a significant increase of 71.15%, accounting for 76.69% of total revenue [1] Group 2 - As of June 30, 2025, Goldwind Technology had external orders totaling 51.8 GW, reflecting a year-on-year growth of 45.58% [2] - The gross margin for wind turbine and component sales increased by 4.22 percentage points year-on-year, indicating an overall improvement in the wind power industry [2] - HSBC Research believes that despite lower profit margins for onshore wind products in mainland China, the fundamentals of Goldwind's manufacturing business will continue to improve due to strong overseas orders with higher profit margins in the coming years [2]