Goldwind Announces Third Quarterly Results for 2013

New profit at Chinese wind turbine manufacturer Goldwind soared by 388% to 187.9m yuan in the first three quarters of 2013 compared with the year-ago period .

Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the “Company”, Shenzhen stock code 002202, Hong Kong stock code 2208), announced the unaudited results of the Company for the nine months ended September 30, 2013, which have been prepared in accordance with the People’s Republic of China Accounting Standards for Business Enterprise.

In the first nine months of 2013, Goldwind’s revenue from operations increased 19.72% year-over-year (“YoY”) to RMB7,119.03 million and net profits attributable to owners of the Company increased 387.97% YoY to RMB187.95 million. Basic earnings per share were RMB0.07.
Goldwind forecasts that net profits attributable to owners of the Company for the year of 2013 will increase between 150% to 200% YoY?a range of between RMB382.63 million and RMB459.16 million.
As of September 30, 2013, the Company had a total of 4,205.25 megawatts  of outstanding orders for wind turbine generators, including overseas orders of 151.75MW, and had won bids for projects totalling 3,625.50MW for which contracts have not yet been signed. The combined backlog of orders was 7,830.75MW.