Xinjiang Goldwind Science & Technology Co Class H ( (XJNGF) ) has released its Q2 earnings. Here is a breakdown of the information Xinjiang Goldwind Science & Technology Co Class H presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Xinjiang Goldwind Science & Technology Co., Ltd. is a Chinese company engaged in the research, development, manufacture, and sale of wind turbine generators, as well as wind farm construction and operation, wind power services, and water treatment plant operations. In its latest earnings report for the first half of 2025, Goldwind reported a significant increase in revenue, reaching RMB 28.49 billion, up from RMB 20.14 billion in the same period last year. The company’s gross profit also rose to RMB 4.35 billion from RMB 3.69 billion, reflecting strong performance in its core segments.
Key financial highlights include a notable rise in profit before tax to RMB 2.11 billion, compared to RMB 1.84 billion in the previous year, and a net profit of RMB 1.66 billion, up from RMB 1.44 billion. The wind turbine generator manufacturing and sale segment contributed significantly to this growth, with revenue from external customers increasing to RMB 21.85 billion. Additionally, the company saw a substantial increase in its wind power services revenue, while wind farm development revenue experienced a slight decline.
Goldwind’s financial position remains robust, with total assets increasing to RMB 161.55 billion, up from RMB 155.22 billion at the end of 2024. The company’s equity attributable to owners also saw an increase, reaching RMB 39.77 billion. Despite a decrease in cash and cash equivalents, the company generated positive cash flows from financing activities, indicating a strong capacity to support future growth initiatives.
Looking ahead, Goldwind’s management remains optimistic about the company’s prospects, focusing on expanding its market presence and enhancing its technological capabilities to capitalize on the growing demand for renewable energy solutions. The company aims to continue leveraging its expertise in wind power to drive sustainable growth and deliver value to its stakeholders.