Goldwind Science & Technology Co., Ltd. (02208) saw its shares rise more than 7%. At the time of writing, the stock was up 7.2%, trading at HK$14.88, with a turnover of HK$212 million.

The company reported its 2025 financial results, revealing operating revenue of approximately RMB 73.023 billion, a year-on-year increase of 28.79%. Net profit attributable to shareholders of the parent company reached about RMB 2.774 billion, up 49.12% compared to the previous year. Basic earnings per share stood at RMB 0.6369.

Huatai Securities noted that the significant recovery in gross margin for wind turbine manufacturing was supported by an improved shipment structure, driven by a higher proportion of overseas and offshore deliveries, as well as optimization of unit costs due to an increased share of large-megawatt turbines. In 2025, the gross margin for the company's wind turbine and components business reached 8.95%, an increase of 3.9 percentage points year-on-year.

Goldwind maintains a robust order backlog. As of the end of 2025, external orders on hand totaled 50.5 GW, up 12% year-on-year. Among these, overseas orders amounted to 9.3 GW, a 31.8% increase, accounting for 18% of the total, which is expected to support future performance growth.