Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Goldwind’s Full-Year Profit Falls 75% on Industry Downturn

Xinjiang Goldwind Science & Technology Co., China’s biggest maker of wind turbines, said profit fell 75 percent last year as turbine sales declined in its home market.

Net income was 153.1 million yuan ($25 million) in 2012, compared with 606.7 million yuan a year earlier, Goldwind said in a statement of preliminary results to the Hong Kong stock exchange today. That compares with a 172 million-yuan mean estimate in a survey of eight analysts compiled by Bloomberg.

This is the second consecutive yearly earnings drop for the company based in Urumuqi in the Xinjiang province. Installations of wind turbines in China fell 18 percent to 15.9 gigawatts last year from 2011, according to Bloomberg New Energy Finance data.

The decline is “mainly due to an industry downturn,” the company said. Revenue declined 12 percent to 11.3 billion yuan.

The company said it expects to release final results on March 23.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.