The Zhitong Finance App learned that Goldwind Technology (02208) fell more than 4% in early trading. As of press release, it fell 4.45% to HK$6.975, with a turnover of HK$22.679 million.

According to the news, Goldwind Technology announced that revenue for the third quarter was 18.284 billion yuan, down 6.76% year on year; net profit to mother was 1,021 billion yuan, down 6.95% year on year. In the first three quarters, revenue was 52,023 billion yuan, up 8.05% year on year; net profit to mother was 2,875 billion yuan, up 11.25% year on year.

Huatai Securities released a research report saying that it is expected that the profit contribution of Goldwind 26Q3's self-operated wind farm may decline month-on-month, while the share of overseas deliveries will decline or drag down the profit performance of fans, which is not under month-on-month pressure. At the same time, the company's net profit and loss from fair value changes in 26Q3 was 590 million yuan (-0.3 billion yuan in Q2), mainly from investment income brought about by the listing of Luozhu.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.