GOLDWIND (02208) continued its upward momentum, rising over 3% again. As of press time, the stock was up 3.05% to HK$9.84, with turnover reaching HK$79.27 million.
On the news front, GOLDWIND recently released its interim results for the six months ended June 30, 2025. The group achieved revenue of RMB 28.494 billion, representing a year-on-year increase of 41.46%. Profit attributable to shareholders reached RMB 1.488 billion, up 7.26% year-on-year, with earnings per share of RMB 0.34.
During the reporting period, revenue from wind turbine generator systems and components sales totaled RMB 21.852 billion, a year-on-year growth of 71.15%, accounting for 76.69% of the company's total operating revenue. From January to June 2025, the company achieved external sales capacity of 10,641.44MW, representing a 106.60% year-on-year increase.
The wind power industry's trend toward larger turbine units continues to accelerate. During the reporting period, the company's 6MW and above units became its main models, with sales capacity rising 187.01% year-on-year.
Everbright Securities issued a research report stating that as of the end of June 2025, GOLDWIND had outstanding external orders totaling 51.8GW, up 45.58% year-on-year, while gross margin for wind turbines and components sales increased by 4.22 percentage points year-on-year. These figures indicate that the overall prosperity of the wind power industry remains strong, and profitability of turbine manufacturers continues to improve. The firm believes that in the interim and third-quarter reports of wind turbine companies, turbine gross margin is a key indicator, and its continued improvement could serve as an important market catalyst.
Additionally, HSBC Research noted that despite the increased proportion of lower-margin onshore wind product order deliveries in mainland China compared to offshore and overseas markets in the second half of the year, GOLDWIND's manufacturing business fundamentals will continue to improve, primarily driven by strong overseas orders with higher profit margins in the coming years.