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GoodWe Technologies (688390) investor relations material
GoodWe Technologies H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of ¥8.89 billion in 2025, up 31.93% year-over-year, driven by domestic PV installation surge, Australian residential storage subsidies, and European market recovery.
Net profit attributable to shareholders was ¥134.91 million, reversing last year's loss, with significant improvement in profitability.
Operating cash flow turned positive to ¥644.64 million, reflecting improved collections and reduced payments.
No cash dividend or bonus share distribution for 2025; profit retained for future development.
Financial highlights
Gross margin for main business was 21.47%, stable year-over-year.
Basic and diluted EPS both at ¥0.56, up from -¥0.26 last year.
Weighted average ROE was 4.87%, up 7.03 percentage points year-over-year.
R&D investment reached ¥613.70 million, 6.90% of revenue.
Total assets grew 18.51% to ¥9.42 billion; net assets attributable to shareholders slightly decreased by 0.48%.
Outlook and guidance
Industry faces deep adjustment, with focus shifting from expansion to quality growth.
Company will continue to invest in R&D, expand global markets, and promote integrated energy solutions.
2026 strategy centers on “source-grid-load-storage-intelligence” integration and digital transformation.
- Revenue up 25% and net profit rebounded on robust overseas sales and margin gains.688390
Q1 202629 Apr 2026 - Net profit turned negative on lower overseas sales and higher costs, despite asset growth.688390
H2 202426 Dec 2025 - Q3 net profit soared 200.8% year-over-year on strong inverter and battery sales.688390
Q3 202530 Oct 2025 - Revenue up 29.8% to ¥4.09B, net loss narrows, global sales and R&D rise.688390
H1 202529 Aug 2025 - Net profit dropped 78.6% in Q3 2024 as overseas sales slumped and cash flow turned negative.688390
Q3 202413 Jun 2025 - Revenue down 17.5% and net loss posted as overseas sales and margins declined sharply.688390
H1 202413 Jun 2025 - Revenue up 67% year-over-year, but gross margin and net profit remain under pressure.688390
Q1 20256 Jun 2025
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