Global Wind Power Market - Global new wind power installations in 2024 reached 1216 GW, a 39% year-over-year increase[5] - Onshore wind installations accounted for 1099 GW, a 37% year-over-year increase[5] - Offshore wind installations totaled 117 GW, a 6% year-over-year increase[5] - China Mainland contributed 855 GW of new wind power capacity, representing 70% of global new installations[8] China Wind Power Development - In the first quarter of 2025, China's new grid-connected wind power capacity was 146 GW, a 57% year-over-year decrease[14] - As of the end of the first quarter of 2025, China's cumulative grid-connected wind power capacity reached 5354 GW[14] - Wind power production in 2024 was 9916 billion kWh, a 16% year-over-year increase, with a penetration rate of 101%[14] - In the first quarter of 2025, China's total power consumption reached 23846 billion kWh, a 25% year-over-year increase[14] - Domestic public tender market totaled 286 GW in 1Q25, representing 227% yoy increase[20] Goldwind's Performance - The company's external sale capacity in the first quarter of 2025 totaled 258765 MW, an 8016% year-over-year increase[36] - WTG 6MW and above accounted for 182370 MW, or 7047% of total sale capacity[36] - WTG 4MW (inclusive) to 6MW accounted for 76095 MW, or 2941% of total sale capacity[36] - As of the end of the first quarter of 2025, the company's total order backlog was 5109 GW[44] - External order backlog totaled 486 GW, including 942 GW of successful bids and 3919 GW of signed contracts[44] - Overseas market external orders reached 6909 MW, a 261% year-over-year increase[44] - The company's attributable, grid-connected wind power projects totaled 8043 MW as of the end of the first quarter of 2025[52] - The company's self-run wind farms recorded 635 hours of utilization in the first quarter of 2025, 57 hours higher than the national average[52] Financial Results - The company realized revenue of RMB 9472 million in the first quarter of 2025[61] - The comprehensive profit margin for the first quarter of 2025 was 2178%[61] - Net profit attributable to owners of the company totaled RMB 568 million in the first quarter of 2025[61] - Weighted average return on equity for the first quarter of 2025 was 148%[61] - As of the end of March 2025, trade receivables totaled RMB 31236 million, taking 20% of total assets[67] - As of the end of March 2025, inventory and contract assets totaled RMB 18090 million, taking 11% of total assets[67] - As of the end of March 2025, interest-bearing debt totaled RMB 50255 million, taking 43% of total liabilities[71] - As of the end of March 2025, the asset-liability ratio was 7305%[71] - As of the end of March 2025, the ratio of cash to total assets was 875%[74] - Net operating cash outflows totaled RMB 1636 million during the first quarter of 2025[76]
金风科技(02208) - 2025 Q1 - 电话会议演示