Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) announced its financial results for the nine months ended September 30, 2011. During the period under review, the Group generated RMB 9.42 billion (approximately € 1 billion) of revenues, a year-on-year decrease of 13.52% compared to the nine months ended September 30, 2010.
Net profits attributable to shareholders of the Group were RMB 615.07 million (approximately € 69 million), representing a decrease of 59.85% compared to the same 9 month period last year. Results were impacted primarily by a lower average selling price during the reporting period as compared with the same period last year. However, net profit margins remained at 18.6% for the nine months ended 30 September 2011. At the end of the quarter, the Group had a total of 3,581MW of outstanding orders for WTGs, representing an increase of 8% compared to 3,315MW as of June 30, 2011. The Group has progressed soundly in international markets with total sales in 3Q 2011 of 79.5MW of WTGs to projects in the USA, Europe and Ethiopia.
Net profits attributable to shareholders of the Group were RMB 615.07 million (approximately € 69 million), representing a decrease of 59.85% compared to the same 9 month period last year. Results were impacted primarily by a lower average selling price during the reporting period as compared with the same period last year. However, net profit margins remained at 18.6% for the nine months ended 30 September 2011. At the end of the quarter, the Group had a total of 3,581MW of outstanding orders for WTGs, representing an increase of 8% compared to 3,315MW as of June 30, 2011. The Group has progressed soundly in international markets with total sales in 3Q 2011 of 79.5MW of WTGs to projects in the USA, Europe and Ethiopia.
