Significant Growth in Wind Turbine Sales
Total external sales in Q1 2025 were 2,587.65 megawatts, a growth of 80.16%. The WTG 6 megawatts constituted 70.47% of total sales.
Record High Wind Turbine Order Backlog
The order backlog reached a new historical high of 51.09 gigawatts, with 48.6 gigawatts from external orders and 6,909 megawatts from the overseas market, which grew by 26.1% year-over-year.
Revenue Increase
In Q1 2025, revenue was RMB9.47 billion, an increase of RMB2.49 billion year-over-year.
Net Profit Growth
Net profit attributable to the owners of the company grew by 17% to RMB1.568 billion in Q1 2025.
Improvement in Cash Flow
Cash to total asset ratio improved to 8.75% due to prepayments and operational funds preparations.