Goldwind net profit up 327%

CHINA: Goldwind has announced a preliminary net profit of CNY 1.83 billion ($297 million) in 2014, up 328% on 2013.

Goldwind's market share in China is around 18%
Goldwind's market share in China is around 18%

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Last year's total operating revenues reached CNY 17.7 billion, up 43.84% on that of 2013. The figures are based on a preliminary assessment, and are yet to be reviewed by independent auditors.

Goldwind's total operating revenues, total profit, and net profit have grown in 2014, by 43.84%, 317.17% and 327.85% respectively.

The growth has been credited to increased operating revenue, improved cost control and disposal of some assets and liabilities of subsidiary operations.

The firm's total assets grew 33.63% to CNY 45.93 billion at the end of 2014. The yearly performance results were within the range predicted by the company's 2014 Q3 report.

Statistics released by the China Wind Energy Association showed Goldwind installed a total 4.43GW of turbines in the country in 2014, representing a market share of 18.99%. 

The company's records for 2013 were 3.75GW of total installations and 23.3% domestic market share.

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