Profits

Once mighty Sinovel sees net profits dive by 73%
Previously China’s largest player in the wind power industry, the Sinovel Wind Group has reported a 72.8 percent plunge in net profits for 2011 which it blames on growing competition tougher standards for grid connections and project approvals.
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Goldwind 2011 results a reflection of China’s booming wind sector
In sharp contrast to the dismal results of its counterparts in the solar sector, Chinese wind energy company Goldwind has announced revenues of RMB12.76bn (USD2 billion) and net profits of RMB718m for 2011.
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BYD profits hit by slumping PV prices, stiff competition
Chinese car and battery maker BYD said on Tuesday that its net profit in 2011 fell by 44 percent from a year earlier due to fierce competition in the world's largest auto market and a sharp fall in photovoltaic product prices.
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HK-listed renewables firm reports 50% jump in profits
China Datang Corporation Renewable Power Co Limited is set to see its profits for 2011 increase by 50 percent on a year-on-year basis, a senior executive of the company said on Saturday, the first anniversary of its listing on the Hong Kong H Shares market.
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ReneSola flaunts delivery of high-efficiency products after profit hit
Chinese solar wafer producer ReneSola Ltd, which earlier this week announced expected cuts in quarterly revenue and gross profit margin due to European markets slashing of solar subsidies, today announced it has begun shipping high-efficiency wafers and modules to a number of its top customers in Europe.
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