On August 28, GoodWe (SH: 688390) released its semi-annual report for 2025. The company achieved revenue of 4.086 billion yuan, a year-on-year increase of 29.80%. It reported a net loss attributable to shareholders of 16.60 million yuan, compared to a loss of 23.83 million yuan in the same period last year. The net loss attributable to shareholders after deducting non-recurring gains and losses was 48.84 million yuan, an improvement from a loss of 54.92 million yuan in the prior year. Basic earnings per share were -0.07 yuan per share, compared to -0.10 yuan per share last year.
The financial report highlighted that during the reporting period, the company consistently adhered to its established development strategy and annual operational goals, actively took measures to address various adverse impacts, continued to increase R&D investment and technological innovation, and actively expanded both domestic and international markets while accelerating its global strategic deployment.
In terms of marketing, in the first half of 2025, the company’s products were sold in bulk to numerous countries and regions worldwide, including Australia, Germany, Brazil, Italy, India, Spain, Pakistan, the United States, the Netherlands, Romania, Poland, Myanmar, and South Africa. During the reporting period, the company sold approximately 399,500 inverters, including about 366,300 grid-tied inverters, accounting for approximately 91.69% of total sales, and about 33,200 energy storage inverters, accounting for approximately 8.31%. Overseas inverter sales reached approximately 162,300 units, representing about 40.63% of total sales, while domestic inverter sales were approximately 237,200 units, accounting for about 59.37%. The company sold approximately 214.47 MWh of energy storage batteries and about 647.91 MW of domestic residential distributed systems.
