The company, which reported profits of 901m yuan for the same period in 2011, had forecast a drop of more than 50% in its earnings when it issued its first-half results at the end of August.
Its first-half net profits were already down by 96% to 24.7m yuan.
But in a stock exchange statement today, the company says that the impact of “macroeconomic volatility and the changes in industrial policies” have had a greater impact on the wind-power industry than expected.
“The
