GOLDWIND (02208) jumped over 13%, climbing 13.38% to HK$9.66 per share as of press time, with trading volume reaching HK$83.2947 million.

The company released its interim results for 2025, showing total revenue of RMB 28.494 billion, representing a 41.46% year-on-year increase. Net profit attributable to shareholders reached RMB 1.488 billion, up 7.26% compared to the same period last year, with earnings per share of RMB 0.34.

During the reporting period, revenue from wind turbine generators and components sales totaled RMB 21.852 billion, surging 71.15% year-on-year and accounting for 76.69% of the company's total operating revenue. External turbine sales capacity reached 10,641.44MW in the first half of 2025, representing a 106.60% year-on-year increase.

The wind power industry continues to accelerate its trend toward larger turbine units. During the reporting period, turbines with 6MW capacity and above became the company's main models, with sales capacity rising 187.01% year-on-year.

Guojin Securities noted that the company's wind turbine and components sales business achieved revenue of RMB 21.85 billion in the first half, up 71.2% year-on-year, with gross margin reaching 7.97%, representing a significant recovery of 4.22 percentage points. Considering that overseas manufacturing revenue accounted for approximately 31% in the first half, roughly flat compared to the first half of 2024, the firm expects that the manufacturing segment's gross margin recovery may be reflected in both domestic and overseas projects. Driven by the substantial gross margin recovery, the company's "wind turbine and components sales" operating segment achieved its first positive total profit since 2022.