EnergyWatch

Chinese turbine manufacturer risks de-listing after major loss

China's Sinovel Wind suffers yet another huge deficit and finds itself in danger of being de-listed from the Shanghai Stock Exchange.

Chinese turbine manufacturer Sinovel Wind, which competes with major players such as Denmark's Vestas, has been suspended from the stock exchange in China after a financial report that shows a major loss, reports Bloomberg News.

Sinovel Wind exited 2016 with a deficit of CNY 3.1 billion (EUR 414 million) and despite the weak result this actually represents an improvement over the previous year, in which the loss came to CNY 4.45 billion.

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