The New York-listed company’s fourth-quarter sales revenue slid 32.1% to 175.5MW, from 296MW in the July-September period.
Full-year turbine sales reached 872MW, including orders for 455 of its 1.5MW machines and 91 of its 2MW turbines, up 8.39% from 2012. Gross profit fell 29.1% on the year to 262.3m ($43.3m) in 2013.
The 1.85GW of orders it signed in 2013 included 677 units of its 1.5MW
Ming Yang 2013 revenue falls 1.7%
Ming Yang’s revenue fell 1.7% on the year in 2013 to 2,844.8m yuan ($469.9m), as the Chinese turbine manufacturer racked up orders for 1.85GW of turbines.
8 April 2014 8:30 GMT
Updated
8 April 2014 9:33 GMT
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