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Goldwind announced record-high preliminary results for 2015

 

Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the “Company”, Shenzhen stock code 002202, Hong Kong stock code 2208) announced its preliminary results for the year ended December 31, 2015 in accordance with the rules of the Shenzhen Stock Exchange. Based on a preliminary assessment of the unaudited accounts of the Company, the Company is pleased to announce that its financial performance has reached a record high.
In 2015, China’s wind power industry experienced strong growth. According to CWEA’s preliminary data, annual newly installation capacity achieved a record high of 30.5 gigawatts. NEA’s data shows that China’s cumulative connected wind capacity increased to 129 gigawatts at the end of 2015, representing 8.6% of China’s total installed power capacity.
Goldwind successfully leveraged this opportunity to achieve its best performance in the 18 years since its establishment. The Company’s annual newly installed capacity also achieved a record high to over 7 gigawatts, contributing to a significant improvement to the Company’s domestic and international market share. Goldwind was the world’s largest wind equipment manufacturer for the first time ever in 2015, according to preliminary ranking published by FTI Intelligence.
In accordance with China Accounting Standards for Business Enterprises, during the year ended December 31, 2015, revenue from operations increased 69.80% to RMB 30,062.10 million, operating profit increased 48.66% to RMB 3,050.88 million, net profit attributable to shareholders of the Company increased 55.74% to RMB 2,849.50 million, and basic earnings per share increased 54.96% to RMB 1.0522 per share, compared with full-year 2014. Total assets increased 14.95% to RMB 52,622.61 million, compared with full-year 2014. This was mainly due to the strong demand of the wind industry market in 2015 resulting in an increase in wind turbine sales. In addition, the Group’s installed wind farm capacity increased year-over-year resulting in higher electricity sales.
Mr. Wu Gang, Goldwind’s Chairman, said, "In 2015, more than 6,000 Goldwind employees worked together to not only deliver these very positive results to maximize returns to shareholders, but also to help our customers to achieve their annual development goals, to improve the general-excellence industry supply chain and to practice corporate social responsibility. Looking forward, Goldwind will serve a global leader for comprehensive clean energy and environmental technology solutions."

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