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Goldwind Announces 2013 Annual Results


(Goldwind Reports Higher Revenue and Net Profit for the Year 2013)
BEIJING, China, March 21, 2014 -- Xinjiang Goldwind Science & Technology Co., Ltd. (the “Company”, Shenzhen stock code 002202, Hong Kong stock code 2208, and together with its subsidiaries, “Goldwind” or the “Group”) today announced its annual results for the year ended December 31, 2013, prepared in accordance with International Financial Reporting Standards. The Group’s revenue from operations increased 8.65% to RMB12,196.24 million and net profit attributable to owners of the Company increased 179.41% to RMB427.65 million from 2012. Basic earnings per share for the year 2013 increased to RMB0.16 from RMB0.06 in 2012.
According to the Chinese Wind Energy Association’s wind power market update for 2013,China’s domestic newly installed wind power capacity was 16.09gigawatts in 2013, an increase of 24% from 2012.
Goldwind’s domestic newly installed capacity in China for 2013 was 3,750.25 megawatts (MW) with a corresponding market share of 23.30%, continuing to rank Goldwind as first in its domestic market for three consecutive years.
According to the Global Wind Turbine OEM 2013 Market Share report issued by MAKE (an international consulting firm for renewable energy), Goldwind has become the second largest wind turbine manufacturer in the world, with a global market share of 10.3%,measured by newly installed generating capacity.
As of December 31, 2013, Goldwind had a total of 3,363.75MW in outstanding orders for wind turbines, and had won bids for projects totaling 4,156.50MW for which contracts have not yet been signed. The combined order backlog was 7,520.25MW at year end 2013.
During the year, Goldwind continued to take aggressive but prudent actions to improve revenues in its three business segments: wind turbines, wind power services, and wind farms.
Wind turbine sales revenues in 2013 increased 6.06% from 2012 to RMB11,221.66 million. Wind power services had revenues of RMB589.96 million in 2013, up 50.45% from 2012. Revenues from electric power generated by wind farms operated by Goldwind in 2013 were RMB384.62 million, up 52.65% from 2012.
Goldwind has been promoting its internationalization strategy for several years and made progress in 2013. Goldwind’s revenues in international markets were RMB1,361.39 million in 2013, which accounted for 11.16% of its revenues from operations. Goldwind installed 237MW of wind turbines in overseas markets during the year.
Mr. Wu Gang, Chairman of the Board of Goldwind, said, “The global wind power industry faced many challenges in 2013. In comparison, China’s environmental policies were more encouraging for the wind power industry and the market environment improved. China’s wind farm grid connectivity and curtailment improved in 2013 as the government introduced several encouraging policies, and after two years of industry adjustments, China’s wind power industry welcomed a gradual recovery.
Goldwind celebrated its 15th anniversary in 2013. Over these 15 years, we strived to maximise returns for our Shareholders and create value for our customers, maintain our drive for innovation, focus on product quality, increase the value of services that we provide, explore new business models, strengthen our cost control, and expand in international markets. These goals enabled us to gain recognition from our Shareholders, customers and employees. We have built a solid foundation, upon which Goldwind will continue to grow over the long-term.
Going forward, we will continue to develop as an international enterprise and maximize value for our customers and shareholders, contribute to economic development, and contribute to improving environment through our excellent clean energy products and services.”
About Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd., is the largest manufacturer of wind turbines in China, and among the largest in the world. With strong R&D capabilities, Goldwind is the world’s largest manufacturer of direct-drive permanent magnet wind turbines, representing the industry’s next generation technology. Goldwind is listed on the Shenzhen Stock Exchange (stock code: 002202) and The Stock Exchange of Hong Kong Limited (stock code: 2208).
As at December 31, 2013, Goldwind’s accumulated wind power installations exceeded 19 gigawatts, and it has installed more than 14,000 wind turbine units around the world. That wind power generation capacity is equivalent to 13 million tons of coal saved per year or 39 million tons of carbon emissions reduced per year or 21 million cubic meters of newly planted forest.
For more information, please visit www.goldwindglobal.com.
Goldwind Media Contact:
Press Office
Beijing +86 (0)10 6751 1888, extension 2120
Email: news@goldwind.com.cn
SNS: weibo.com/goldwindchina

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