Dongfang Electric, once a top-three wind turbine supplier, said new orders were worth only 380m yuan ($60.9m) in the third quarter, down from 740m yuan in the second and 1.6bn yuan in the first.
The steadily declining order book reflects an industry in slowdown, with cash-strapped developers holding fewer auctions this year, in part because of difficulties in raising financing.
Developers are also slowing construction of wind farms in response to growing curtailment of wind power by grid operators in northern China.
Dongfang’s
