Sinovel posted a 2014 net profit of 80.7m yuan ($13m), reversing a 3.76bn 2013 deficit and avoiding a third straight loss – which it had previously warned could have seen its shares delisted from the Shanghai Stock Exchange.
The troubled wind turbine group sold some account receivables in late 2014 as it sought to stabilise its finances.
Sinovel – once the global wind turbine number-two but now only 10th in the Chinese rankings – saw its operating income rise 0.39%
