Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) has announced its unaudited financial and operational results for the three months ended March 31, 2012.
During the reporting period, the Group generated RMB 1,699.73 million of revenues, a decrease of 8.4% as compared to the first quarter of 2011. Profit was RMB 6.18 million, a decrease of 97% compared with the corresponding period last year. Goldwind reported that its backlog under final contract increased 12% to 4,400MW as of 31 March 2012. In 2012, the Company will continue its global expansion in both established markets, such as the United States and Australia,and emerging markets, such as Africa, South America and Asia. During the reporting period, the Group commenced the Villonaco wind power project in Ecuador, the Mortons Lane wind power project in Australia and the Camelot wind power project in the United States. To date, Goldwind has established over 10 branches and offices overseas, covering North America, South America, Australia, Europe and Africa.
During the reporting period, the Group generated RMB 1,699.73 million of revenues, a decrease of 8.4% as compared to the first quarter of 2011. Profit was RMB 6.18 million, a decrease of 97% compared with the corresponding period last year. Goldwind reported that its backlog under final contract increased 12% to 4,400MW as of 31 March 2012. In 2012, the Company will continue its global expansion in both established markets, such as the United States and Australia,and emerging markets, such as Africa, South America and Asia. During the reporting period, the Group commenced the Villonaco wind power project in Ecuador, the Mortons Lane wind power project in Australia and the Camelot wind power project in the United States. To date, Goldwind has established over 10 branches and offices overseas, covering North America, South America, Australia, Europe and Africa.
