Macro-destructive wind power equipment business
21st September 2009, 20:06
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China High Speed Transmission (0658) Chairman and Chief Executive Officer Hu Yue-ming said that the relative overseas, the Mainland wind power equipment business growth is too rapid, recognition of the State Council regulation on the industry, but stressed that did not affect the company's orders.
Order full gear next two years
He was at the performance that the existing wind power gear in short supply in the Mainland, the company this year and next year's wind gear transmission equipment orders is full control over the number of customers will be between 12 and 13 companies. The company is developing 2.5 MW and 3 MW of large-scale wind power transmission equipment, plans to market next year, gross margins than existing products is expected in the second half gross margins will benefit from an increase in prices. wind turbines-wind power-wind energy-wind power generators-wind turbines-wind generators-Wind Solar Power -wind energy turbines-wind turbine generator-China wind power-China wind energy-wind generators-wind power generators
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Transmission in the first half of revenues rose 50.6% to 20.3 billion yuan, but by the convertible bonds, stock swaps, fair value changes, and the company's early termination of part of the shares swap loss of the formation of the impact of a drag on profit edged up less than 1 %. Hu Yue-ming, derivatives, investment risks, the company will not be involved in the future, will be driving profitable business growth, but will continue to be the issuance of convertible bonds or issuing more shares to replenish the capital, this year the capital expense 10 billion yuan. Transmission of Shares fell 6 percent yesterday, to close at 16.86 yuan.
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