Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) on Wednesday reported a 32.7% year-on-year rise in net profit to shareholders of the company for the first quarter of 2018.
Net profit arrived at CNY 239.7 million (USD 38m/EUR 31m). Revenues inched up 7.7% to CNY 3.86 billion.
The company said it expects in first-half net profit to grow by between 0% and 50% on the year, to between CNY 1.13 billion and CNY 1.7 billion. The table below contains more details on its performance in the first quarter (Q1) of 2018.
Results in CNY million
Net profits attributable to shareholders of the company
Revenue from operations
At the end of March Goldwind’s signed external backlog amounted to 10,433 MW and it had won bids for 6,350 MW of project, for which it was yet to sign contracts.