Goldwind Flies High in 2015

China-based wind turbine manufacturer Xinjiang Goldwind Science & Technology (Goldwind) ended the Fiscal Year 2015 with CNY 2.85 billion (EUR 398 million) net profit, a near 56% increase compared to a year earlier, making 2015 the company’s best year ever in terms of wind turbine sales and overall financial results.

Goldwind became the world’s largest wind equipment manufacturer for the first time ever in 2015, according to preliminary ranking published by FTI Intelligence, largely due to a strong growth in China’s demand for wind turbines last year.

According to China Wind Energy Association’s preliminary data, China’s annual newly installed capacity achieved a record high of 30.5 gigawatts. Goldwind’s annual newly installed capacity was over 7 gigawatts in 2015.

China’s cumulative connected wind capacity increased to 129 gigawatts at the end of 2015, representing 8.6% of the country’s total installed power capacity.

Goldwind said that the company managed to successfully leverage this opportunity to achieve its best performance in the 18 years since its establishment, with revenue from operations increasing 69.8% to CNY 30.1 billion, and the  operating profit increasing 48.7% to CNY 3.1 billion. The company’s total assets were CNY 52.6 billion, a 14.95% rise year-on-year.

“In 2015, more than 6,000 Goldwind employees worked together to not only deliver these very positive results to maximize returns to shareholders, but also to help our customers to achieve their annual development goals, to improve the general-excellence industry supply chain and to practice corporate social responsibility. Looking forward, Goldwind will serve a global leader for comprehensive clean energy and environmental technology solutions,” Wu Gang, Goldwind’s Chairman, said.