Goldwind struggles with falling profits

China's largest wind turbine manufacturer, Xinjiang Goldwind, has booked a decline in profits for the third quarter relative to the same period last year.

Photo: LM Wind Power

The largest wind turbine manufacturer in China exited this year's third quarter with a poor result compared to last year.

The bottom line shows a profit of CNY 889 million (EUR 112 million) – 23.6 percent lower than the same figure from last year. The decline in profit follows from a 5.2 percent reduction in revenue, landing at CNY 6.8 billion.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs