Sinovel recognised revenue for equipment thathad not been installed, leading to errors in the sales income and costsreported for 2011, it says in a statement filed to the Shanghai stockexchange.
Operating income was 9% less than the 10.4bnyuan initially reported by Sinovel, while costs were 6.7% lower, show therestated figures.
This reduces the company’s profits, reportedat 776m yuan for the year, to 610m yuan, adds the statement.
Sinovel,
