Goldwind Science & Technology (002202) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥73.02 billion in 2025, up 28.79% year-over-year, with net profit attributable to shareholders rising 49.12% to ¥2.77 billion.

• Maintained domestic wind power market leadership for 15 consecutive years and global leadership for four years, with 26.6GW of new global installations and a 17.3% global market share.

• Expanded international business, with overseas sales up 50.59% and overseas orders up 31.83%.

• Advanced R&D and product innovation, launching new Ultra series and achieving multiple industry records in large-scale wind turbines.

Financial highlights

• Revenue: ¥73.02 billion, up 28.79% year-over-year.

• Net profit attributable to shareholders: ¥2.77 billion, up 49.12% year-over-year.

• Gross margin for wind power industry: 14.01%; wind turbine and components sales margin: 8.95%.

• Operating cash flow: ¥3.54 billion, up 53.01% year-over-year.

• Basic EPS: ¥0.6369, up 51.43% year-over-year.

• Total assets: ¥166.50 billion, up 7.26% from prior year-end.

Outlook and guidance

• 2026 marks the start of the “15th Five-Year Plan,” with a focus on high-quality growth, value-driven strategy, and global expansion.

• Plans to further extend from equipment manufacturing to clean energy services and green energy applications.

• Capital needs for 2026 to be met through internal funds and stable financing channels.