Zhejiang Windey sees revenue growth, profit dip in first half

Zhejiang Windey announced its 2025 half-year report, with revenue increasing by 26.27% to CNY 10,894,335,476.60 and net profit attributable to shareholders decreasing by 2.62% to CNY 143,612,776.33. The company also reported a 128.59% increase in net profit excluding non-recurring gains and losses, reaching CNY 127,555,400.96. The board of directors approved the half-year report and plans to issue a guarantee for its wholly-owned subsidiaries, Zhejiang Windey Energy Construction Co., Ltd., and Windey Smart Energy Technology (Zhejiang) Co., Ltd., for a combined amount not exceeding CNY 50 billion and CNY 1.5 billion, respectively.

The company's Fifth Board of Directors and Supervisors Meetings, held on August 26, 2025, also approved the 2025 half-year report on the deposit and use of raised funds and the proposal to provide guarantees for its subsidiaries. These decisions will be put to a vote at the Second Extraordinary General Meeting of 2025 on September 16, 2025.

Additionally, Zhejiang Windey has set aside CNY 125,353,463.45 for asset impairment provisions and credit impairment losses for the first half of 2025, reducing total profit by CNY 8,293.78 million. These measures reflect the company's cautious approach to financial management and compliance with accounting standards.