Guodian Technology's attributable profit rises in H1

Chinese wind power equipment maker Guodian Technology & Environment Group Co Ltd (HKG:1296) on Monday reported a 155.4% year-on-year rise in attributable profit for the first half of 2017, up to CNY 139.7 million (USD 21.2m/EUR 17.6m).

Operating profit from continuing operations, however, declined 6.7% to CNY 619.8 million.

In addition to wind power products and services, the company's businesses include environmental protection and energy conservation. In 2015 it decided to exit the solar business, so these activities are now listed as discontinued operation.

More details of the company's performance are in the table:

In the first six months of 2017, Guodian Technology sold 310 wind turbines, down from 376 a year back. The sales include 102 units of 1.5-MW turbines, 206 units of 2 MW and two of 3 MW, compared to 120, 256 and 0 pieces of the respective model in the same period of 2016.

(CNY 1 = USD 0.152/EUR 0.126)

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