Xinjiang Goldwind Science & Technology (Goldwind) has announced its first quarterly results for the three months ended on March 31, 2018. Goldwind’s wind turbine backlog has reached over 16GW in 1Q 2018.
In accordance with China GAAP, during the first three months of 2018, the company’s revenue was RMB 3,860 million, up 7.7% year-on-year (YoY). Net profits attributable to owners of the parent company were RMB 240 million, up 32.7% YoY. The company’s gross margin increased by 3 percentage points on yearly basis to 36%. Goldwind also expects that its net profit attributable to shareholders of the Company for the first half of 2018 will increase by 0% to 50% YoY.
