The
company,
which
made
a
776m
yuan
profit
in
2011,
says
in
a
stock
exchange
statement
that
delayed
payments
have
negatively
impacted
financial
expenses
and
provisions
on
bad
debts.
China’s
shift
in
wind
industry
policies
last
year
has
impacted
all
of
the
major
equipment
suppliers,
reducing
sales
volumes
and
leading
to
a
build-up
in
inventory.
Goldwind,
the
market
leader,
has
also
seen
profits
plummet
during
the
past
year.
However,
Sinovel
has
been
one
of
the
worst
hit,
losing
both
sales
and
market
share
to
aggressive
newcomers.
The
company’s
income
fell
82%
in
the…
