{
  "id": 16732089,
  "title": "Goldwind Q3 2026 slides show margin gains amid market headwinds",
  "url": "https://urgent.news/2026/10/27/goldwind-q3-2026-slides-show-margin-gains-amid-market-headwinds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T10:11:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/goldwind-q3-2026-slides-show-margin-gains-amid-market-headwinds-93CH-4974762"
  },
  "original_language": "en",
  "account": "Goldwind Science & Technology Co. (SZSE:002202, HKEX:2208) unveiled its Q3 2026 financial results on October 26, 2026, showcasing improved profitability metrics amidst a downward stock trajectory and investor skepticism. The company reported a revenue increase to RMB 52 billion for the nine months ending September 30, 2026, with gross margins rising to 15.95% from the previous year's figure. However, the stock price has plummeted 44.7% over the past six months, trading near its 52-week low of $13.96, reflecting market concerns over execution and sectoral headwinds. China's wind power sector has been grappling with declining tender volumes, pricing pressure, and slowing new grid connections, particularly in the first half of 2026. Goldwind's presentation highlighted the global and domestic wind power landscape, noting a 40% surge in global installations to 164.6 GW in 2025, of which China accounted for 73%. Yet, Chinese market activity decelerated in the first half of 2026, with new grid connections down 24.8% year-on-year to 38.6 GW. Public tenders in China also declined by 10.37% year-on-year to 91.5 GW in the first nine months of 2026. The average bidding price for wind turbine generators fell to RMB 1,560/kW in September 2026, a 6.4% decrease from the prior year. Despite these headwinds, Goldwind demonstrated operational resilience, with external sale capacity rising 3.02% year-on-year to 19,007 MW. The company's strategic emphasis on larger turbine platforms is evident, accounting for 70.48% of total sales capacity in 9M26, up from 18.05% a year earlier. The company's order backlog reached a record 57.0 GW by September 30, 2026, with external orders totaling 55.1 GW, including 15.2 GW of bids and 39.9 GW of signed contracts. Over 66% of these orders were for turbines in the 6-10 MW range. Goldwind's global footprint now spans 49 countries with 15,903 MW of installed capacity overseas, with 11,046 MW in backlog. The company added 868 MW of grid-connected capacity through its own operations in the first nine months of 2026. Financially, the company reported a net profit of RMB 2,875 million for the nine months ending September 30, 2026, with a comprehensive profit margin of 15.95%, marking a 1.56 percentage point increase year-over-year. However, revenue fell short of expectations by 49.9%, and earnings per share missed forecasts by 47.3%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}