Full-year sales sprouted 80.6% to 3.4bn yuan ($504m), as the company began mass production on its first gearbox designed exclusively for wind turbines, which it developed jointly with General Electric.
Net profit grew even more rapidly for the Nanjing-based company, topping out at 692m yuan – a 125.8% rise over 2007. Gross profit margin grew to 28.8%.
Though the Hong Kong-listed CHST has previously been focused on making gearboxes for more traditional industries, it has rapidly pivoted to embrace the blossoming Chinese market for wind power.
“Proactive
