Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

China

China

Goldwind order backlog exceeds 16GW

CHINA: Goldwind posted year-on-year increases in net profits, revenues and operating profits (Ebit) in its financial results for the first quarter of 2018.

Goldwind ended the quarter with signed backlogs totalling more than 10GW — up 31.8% year-on-year
Goldwind ended the quarter with signed backlogs totalling more than 10GW — up 31.8% year-on-year

But these results were all down from the previous quarter.

The manufacturer ended the quarter with signed backlogs totalling more than 10GW – up 31.8% year-on-year – and successful bid orders totalling 6.4GW, the company stated.

It added that its total external backlog of 16.8GW was a "new record" as it released its first quarter results.

Goldwind’s Q1 revenue of CNY 3.86 billion ($610 million) was up 7.7% from the CNY 3.58 billion recorded one year earlier. But this figure was down 52.4% from CNY 8.12 billion in sales from the fourth quarter of 2018.

Net profits were up 32.6% year-on-year from CNY 181 million to CNY 240 million, but down 68.3% from the CNY 758 million posted in the previous quarter.

Meanwhile, operating profit (Ebit) was up 67.5% year-on-year from CNY 351 million to CNY 588 million, but down 30.1% on the previous quarter from CNY 842 million

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs