Chinese wind turbine manufacturer Goldwind posted a net profit of RMB568 million (€68 million) for the first quarter of 2025, marking a 71% increase compared to RMB333 million (€40 million) in the same period last year, the company said in a financial statement.
Revenue for the quarter rose 36% year-on-year to RMB9.47 billion (€1.14 billion), up from RMB6.98 billion (€843 million) in Q1 2024. The company’s weighted average return on equity for the quarter was reported at 1.48%.
Goldwind’s external wind turbine sales reached 2,587.65 megawatts in the first quarter, representing an 80.16% increase from the previous year. Of that, 71% were turbines with a capacity of 6 megawatts or more, with the remainder between 4MW and 6MW.
“As of the end of the reporting period, Goldwind’s attributable, grid-connected wind power projects totalled 8,043MW, with the majority located in Northwestern, North and East China,” the company said.
Goldwind’s total order backlog reached 51.09GW, including 48.6GW in external orders. Of that figure, 39.19GW are under signed contracts and 9.42GW represent successful bids. The remaining 2.47GW is allocated to the company’s own wind farm developments.
In addition, the company had 4,117MW of wind capacity under construction, both domestically and internationally.
The results highlight continued momentum in China’s wind energy sector, with Goldwind positioning itself to meet rising domestic and global demand for higher-capacity turbines.
