China’s Wind Power Equipment Industry Posts Steady Growth in 2025: Overseas Expansion and Diversification Drive Prosperity

As of 15:00 on April 22, 17 listed companies in China’s A-share wind power equipment industry (Shenwan Secondary Industry) have released their 2025 annual reports, showing a steady and positive overall performance, according to East Money Choice data. Among them, 12 enterprises achieved dual growth in revenue and net profit, 4 realized revenue growth without profit growth, and only 1 reported a year-on-year decline in revenue and net profit loss.

Securities Daily reports that experts interviewed generally believe that the steady performance of wind power equipment enterprises last year is mainly due to the continuous advancement of systematic construction in China’s wind power industry. Zhou Di, an expert from the National Science and Technology Expert Database of the Ministry of Science and Technology, said in an interview with Securities Daily, "In 2025, the collaborative upgrading of the wind power equipment industrial chain achieved remarkable results, the technical standard system became more improved, and coupled with precise policy empowerment, all these jointly drove the industry into an upward cycle."

Since 2025, the global energy transition has accelerated, and the overseas market demand for high-quality wind power equipment has increased significantly, providing new market opportunities for Chinese wind power equipment industrial chain enterprises. Against this background, listed companies have accelerated their overseas market expansion and diversified business layout.

For instance, Shandong Shuangyi Technology Co., Ltd. continued to vigorously develop new overseas customers in 2025, with sustained growth in overseas projects of large wind power blade molds. Jiangsu Zhenjiang New Energy Equipment Co., Ltd. has become an assembly supplier of Siemens Gamesa and launched wind turbine assembly cooperation with Endesa, a well-known European wind power mainframe manufacturer. China Net reports that 7 sets of domestic wind power equipment were shipped from Penglai Port in Yantai to Austria in late March 2026, reflecting the continuous expansion of China’s wind power equipment in the European market.

Gao Chengyuan, Chairman and CEO of Tiaoyuan Consulting, said, "Going global is a key starting point for wind power equipment enterprises to break through the red sea of domestic competition. With the continuous release of overseas market demand, Chinese enterprises with technological advantages and high product quality will usher in more development opportunities."

In addition to accelerating overseas expansion, many enterprises have explored diversified development paths on the basis of consolidating their core business of wind power equipment manufacturing, promoting the continuous optimization of their business structure. Yunda Energy Technology Group Co., Ltd. (Yunda Co., Ltd.) is a typical example. In 2025, based on its wind power equipment manufacturing business, the company laid out new energy consumption business and actively explored new application scenarios of "green power + computing power + data + algorithms".

A manager of Yunda Co., Ltd. said during an investor survey, "The company’s wind power green hydrogen project has gradually entered the industrialization promotion stage, and the first participating green methanol project is expected to start this year." Gao Chengyuan emphasized that such diversified layout is an extension based on core capabilities, which helps enterprises disperse operational risks and expand growth curves, but enterprises must adhere to their main business and avoid blind expansion.

Notably, amid the overall positive industry trend, a small number of enterprises are under performance pressure, mostly related to their own business structure adjustment. Tian Shun Wind Energy (Suzhou) Co., Ltd. reported a loss of 236 million yuan in 2025. During the reporting period, the company took the initiative to implement capacity contraction and structural adjustment, withdraw from inefficient capacity in an orderly manner, and promote the integration and upgrading of onshore wind power equipment business to focus more on core businesses such as offshore wind power marine equipment.

An institutional personage analyzed to Securities Daily, "Enterprises’ active contraction of inefficient onshore business and focus on the core offshore track is a rational choice to eliminate backward capacity and optimize resource allocation, which will lay a foundation for long-term high-quality development. This strategic adjustment of ‘trading subtraction for addition’ is becoming the choice of most enterprises in the industry, and will further promote the transformation of the wind power equipment industry towards high-end, intelligent and green development."