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Goldwind Announces Results for the First Quarter of 2013

BEIJING, China, April 25, 2013-- Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the "Company”, Shenzhen stock code 002202, Hong Kong stock code 2208), today announced the unaudited results of the Company for the three months ended March 31, 2013, which have been prepared in accordance with the People’s Republic of China Accounting Standards for Business Enterprise. 

During the first quarter of 2013, Goldwind’s revenue from operations decreased 44.05% to RMB 951,043,362.86 and net profit attributable to shareholders of the Company increased 425.52% to RMB 32,461,572.39, compared with the first quarter of 2012. Basic earnings per share for the first quarter of 2013 were RMB 0.0120, up 425.52% from the first quarter of 2012. The Company expects that its net profit attributable to shareholders of the Company for the first half of 2013 should increase by 0% to 50% compared with the first half of 2012.
 
As at March 31, 2013, the Company had a total of 4,576.00MW of outstanding orders, including 6.00MW of 750kW wind turbines, 3,451.50MW of 1.5MW wind turbines, 1,097.50MW of 2.5MW wind turbines, and 21.00MW of 3.0MW wind turbines, of which 404.00MW were overseas orders.
 
In addition, the Company had won bids for projects totaling 3,078.50MW for which contracts have not yet been signed, including 2,463.00MW of 1.5MW wind turbines, 612.50MW of 2.5MW wind turbines, and 3.00MW of 3.0MW wind turbines. The combined backlog of orders was 7,654.50MW.
 
Mr. Wu Gang, Chairman of the Board and Chief Executive Officer of Goldwind said,“The global economy is still full of uncertainties. The healthy development of the wind power industry depends on continuous technological innovations and on sustained renewable energy policy support by governments around the world. Wind power has the potential to generate electricity atcompetitive prices and help gradually replace fossil fuels. We believe wind power will play an important role in accelerating the transition of energy resources inmany countries and will help to create local jobs, promote sustainable economic development, and improve the environment.
 
"Goldwind is focused on developing advanced wind power technologies utilizing our integrated R&D resources that are based in Beijing, Xinjiang, Jiangsu, and Germany. We have built strategic partnerships with leading Chinese and international suppliers, and through our established global supply chain, we aim to create value for customersby producing high-quality wind turbines and services that meet international standards.”
 
"In 2013, Goldwind will continue toimprove our management skills, accelerate R&D progress, attract more talent at home and abroad, expand international cooperation, and launch additional customized products for our customers. We will also develop more high value-added servicesto ensure the lifecycle value of our products, which should also help to further enhance our competitiveness and our sustainable profitability to create additional value for our shareholders.”
 
Goldwind continued to receive awards and recognitions during the first quarter: the Company’s 1.5 MW and 2.5MW wind turbine series received ETL certification; the Company was awarded the First Prize of National Energy Technology Progress Award by China’s National Energy Administration;Goldwind was selected as one of the 2013 Global Challengers by the Boston Consulting Group; and the Company was recognized by “Fast Company”, an innovation magazine, inthird place within “The World’s Top 10 Most Innovative Companies in China”. We believe these certifications and recognitions are due to Goldwind’s success that has been generated by our sustained R&D and innovation, expansion of our core capabilities, and increases in our technical and cost competitiveness over the past 15 years.
 
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About Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd., is the largest manufacturer of wind turbines in China, and among the largest in the world. With strong R&D capabilities, the Company is the world’s largest manufacturer of permanent magnet direct-drive wind turbines, representing the industry’s next generation technology. Goldwind is listed on the Shenzhen Stock Exchange (stock code 002202) and The Stock Exchange of Hong Kong (stock code 2208).
 
As of December 31, 2012, Goldwind’s accumulated wind power installations exceeded 15 gigawatts, and it has installed more than 12,000 wind turbine units around the world. That wind power generation capacity is equivalent to 12 million tons of coal saved per year or 29.91 million tons of carbon emissions reduced per year or 16.4 million cubic meters of newly planted forest.
 
For more information, please visit www.goldwindglobal.com.
 
Goldwind media contact
Press Office
Beijing +86 (0)1067511888, extension1037/ 2120
SNS: weibo.com/goldwindchina
 
Goldwind investor contact
Investor Relations Department
Beijing +86 (0)10 6751 1996

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