Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sinovel Wind Sees 2013 Loss of $496 Million on Delayed Payments

Jan. 29 (Bloomberg) -- Sinovel Wind Group Co., a Chinese wind-turbine maker, said its 2013 net loss may be about 3 billion yuan ($496 million) in part because of delayed payments by clients.

Sinovel had a net loss of 582.7 million yuan in 2012, according to a statement to the Shanghai Stock Exchange. The exchange will consider placing the stock on the watchlist for possible delisting because it may have losses for two consecutive years, according to the statement. Its bonds also face a temporary suspension.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.