Net profits fell to 24.7m yuan ($3.89m) in the first six months of 2012, while operating income dropped 42% year-on-year to 3.1bn yuan, the company told investors on the Shanghai Stock Exchange.
Sinovel said changes to grid-connection and project-approval policies had reduced the scale of wind farms and the pace at which they are being built in China, exacerbating the competition for sales and market share.
It
