Financial Performance - In the first half of 2025, the company achieved a revenue of 28.537 billion CNY, with a gross margin of 15.35% and a net profit attributable to the parent company of 1.488 billion CNY, resulting in a basic earnings per share of 0.3421 CNY and a weighted average return on equity of 3.85% [3] - Revenue breakdown: - Wind turbine and components sales: 21.852 billion CNY (76.58% of total revenue) with a gross margin of 7.97% - Wind farm development: 3.172 billion CNY (11.12%) with a gross margin of 57.47% - Wind power services: 2.896 billion CNY (10.14%) with a gross margin of 22.48% - Other business: 617 million CNY (2.16%) with a gross margin of 26.62% [3] Sales and Orders - In the first half of 2025, the company sold wind turbine capacity of 10,641.44 MW, a year-on-year increase of 106.60% [4] - Order status as of June 30, 2025: - Total external orders: 51,811.47 MW (up 45.58% year-on-year) - Breakdown of external orders: - Below 4 MW: 601.12 MW - 4 MW (inclusive) to 6 MW: 6,712.13 MW - Above 6 MW: 34,082.63 MW - Uncontracted bids: 10,415.59 MW [5] R&D Progress - The company focuses on a "product and technology leadership strategy," emphasizing innovation and cost efficiency [6] - New product platforms: - GWH204 Ultra for onshore markets, enhancing performance in complex environments - GWHV20 platform for offshore markets, achieving a 5% increase in output and a 3%-4% reduction in levelized cost of energy (LCOE) [6] Wind Farm Operations - As of June 30, 2025, the company added 709.04 MW of new operational capacity and transferred 100.2 MW [7] - Total operational capacity: 8,651.70 MW, with geographical distribution: - East China: 32% - Northwest: 28% - North China: 22% - Southern regions: 9% - Northeast: 4% - International: 5% - Revenue from wind projects in the first half of 2025: 317.19 million CNY, with an average utilization of 1,255 hours, exceeding the national average by 168 hours [7]