The company says it is “expected to record a significant decrease” in net profit for the first six months of 2012 compared to last year’s same period.
Its first-half results will be released in August. CHST’s net profit was 287m yuan ($45m) in the first half of 2011.
However, the average selling price of CHST gearboxes fell by 13% during 2011, say analysts at Daiwa Securities, who expect prices to drop by another 2% this year as turbine makers put pressure on suppliers to survive in a slowing market.
The
