Stock Track | Goldwind Soars on Strong First-Half Profit Growth

Stock Track08-27

Shares of Goldwind Science&Technology, a leading Chinese wind turbine manufacturer, surged by 11.68% on Monday morning after the company reported solid financial results for the first half of 2024.

Goldwind's profit attributable to owners jumped to 1.39 billion yuan ($193 million) for the six months ended June 30, up from 1.25 billion yuan in the same period last year. The company's earnings per share also improved to 0.32 yuan from 0.28 yuan a year earlier.

The strong performance was driven by a 6.5% increase in revenue to 20.14 billion yuan, primarily due to higher sales from wind power services, power station products, and other segments. Goldwind's diversified business portfolio and growing demand for renewable energy solutions contributed to the robust financial results.

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