CQGI, based in south-west China, reported a revenue of CNY 400 million ($64 million) from sales of wind turbine blades last year, which out-valued its revenue from traditional business for the first time.
The increased input in the new energy sector was expected to boost the company's revenue from this sector to CNY 1 billion in the coming year.
The company's has blade production bases in Chongqing municipality and northern China's Jilin province and Inner Mongolia Autonomous Region.
CQGI made entered the wind power business in 2007. Introducing technologies from NGup, We4Ce and Aerodyn, it has developed a complete series of blade products to equip wind turbines. Its 42.2-metre, 50.3-metre and 54.4-metre blades for 2MW wind turbines have become mainstream products on the Chinese market.
Earlier, CQGI announced it had a contract with CSIC (Chongqing) Haizhuang Windpower Equipment for the supply of CNY 310 million worth of 2MW wind blades. The company announced new wind orders totalling CNY 906 million in 2013, up 249% on the previous year.