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Xinjiang Goldwind Shares Fall After Profit Decline

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(Corrects price in second paragraph.)

April 20 (Bloomberg) -- Xinjiang Goldwind Science & Technology Co. shares fell in morning Shenzhen trading after first-quarter profit fell.

The shares dropped as much as 6.8 percent to 17.86 yuan, the lowest price since July 22.

The country’s second-biggest maker of wind turbines said net income for the three months ended Mar. 31 fell 17 percent from a year ago to 206.2 million yuan. The company plans to raise as much as 5 billion yuan from selling bonds with a maturity of as long as 10 years.

Link to Company News:{002202 CH <Equity> CN <GO>}

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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