Ming Yang – China's biggest non-state-owned turbine group – made a net profit of 3.1m yuan ($496,000) in the three months to 30 September, down from 102.7m yuan at the same stage last year.
Sales fell to 787.8m yuan from 1.9bn yuan a year earlier. That represents 228MW of turbines, a 59% fall.
Like other major Chinese manufacturers, Ming Yang is hurting from the sharp slowdown in its domestic market as the government pressed the pause button on the country’s previously rampant wind expansion.
But
