Zheng Quan Shi Bao Wang·2025-10-24 13:54Core Insights - The company, Goldwind Technology, reported significant growth in its operating performance for the first three quarters of 2025, with a net profit increase of 170.64% in the third quarter [1] - The company's revenue for the first nine months reached 48.147 billion yuan, a year-on-year increase of 34.34%, while net profit was 2.584 billion yuan, up 44.21% [1] Financial Performance - For the first three quarters, the company achieved an operating revenue of 48.147 billion yuan, a 34.34% increase year-on-year, and a net profit of 2.584 billion yuan, up 44.21% [1] - In Q3 alone, the operating revenue was 19.61 billion yuan, reflecting a 25.4% year-on-year growth, with a net profit of 1.097 billion yuan, marking a 170.64% increase [1] - The company's operating costs for the first three quarters were 41.218 billion yuan, a 37.63% increase, aligning with revenue growth [1] Cash Flow - The net cash flow from operating activities showed significant improvement, with a net outflow of 633 million yuan, an improvement of 90.27% compared to the previous year's outflow of 6.507 billion yuan [2] - Cash received from sales of goods and services reached 53.475 billion yuan, a 28.61% increase year-on-year [2] Business Operations - The company experienced a substantial increase in wind turbine sales, with a total sales capacity of 18,449.7 MW for the first nine months, a 90.01% year-on-year growth [2] - The sales capacity breakdown included 22.50 MW for units below 4 MW, 2,550.05 MW for units between 4 MW and 6 MW, and 15,877.15 MW for units above 6 MW, with the latter representing 86.06% of total sales [2] Order Backlog - As of September 30, 2025, the company had a robust order backlog of 52,460.84 MW, a year-on-year increase of 18.48% [3] - The external orders included 38,861.14 MW, with significant portions in the 6 MW and above category [3] - The company also had internal orders totaling 2,586.97 MW, contributing to the overall order volume [3] Asset and Liability Changes - Inventory balance increased to 21.650 billion yuan, a 46.01% rise from the previous year-end, driven by increased procurement to meet order delivery needs [3] - Short-term borrowings decreased by 36.69% to 999.8 million yuan due to repayment of bank loans [3]