Sinovel Wind power Fall: results in deep trough investors said the new year added plugging

China Economic Network Editor's note: Sinovel Wind power (601558, shares bar) (601558) last night disclosed performance forecasts, the company expects 2013 annual operating results will be about 3 billion yuan, a year earlier loss of 583 million yuan. Since 2011 to 90 Yuan/stock issued after the IPO, Sinovel wind power from the performance of bright, orders a lot of wind power to become two consecutive years of huge losses, a few orders, to be evaluated in the capital market a number of negative first enterprises. Shares fell 7% per cent in the opening day. Stock Bar in the shareholders said "New year to add congestion, the recent continuous bad hit me dizzy." Sinovel 2013 deficit of 3 billion yuan and 2012 net profit loss of 582 million yuan, the first half of 2013 net profit loss of 457 million yuan, 2013 years ago three quarterly net loss of 699 million yuan, Sinovel's performance trough is sinking deeper and deeper. For 2013 years of the main cause of loss, Sinovel said, mainly in the hands of the delay in the implementation of orders, installed a small amount of delay in customer payment, the annual accounting for the preparation of bad debts and the occurrence of financial costs about 900 million yuan. At the same time, in order to further expand the market, improve the wind power industry adjustment brought about by the financial constraints, personnel changes, such as the impact of customer wind farm maintenance, the company to strengthen service, increase maintenance costs about 600 million yuan. It is noteworthy that if the company's 2013 audited net profit is negative, will continue to lose two consecutive years, the company disclosed the 2013 annual report, the SSE will be the company's stock implementation risk warning special treatment. Since 2011 high IPO, Sinovel wind power from the performance of bright, orders a lot of wind power to become two consecutive years of huge losses, orders a few of the most negative capital market to the first enterprise. With the results of the fall of the company's share price, to 90 yuan/share super high price issue listing, but on the day of the listing was break, the stock price followed by continued decline. A year two by the SFC investigation January 12, 2014, Sinovel issued a notice, the company on suspicion of violating securities laws and regulations, the SFC filed investigation, which could have lifted the ban on 13th stock suspension. Analysts believe that sinovel within a year "Higen", in a A-share market is rare, and again investigated to the original on the two losses of Qi Hua Rui wind power fatal blow. Prior to May 2013, the company was suspected in the 2011 annual report of the false increase in profits and other irregularities, the SFC filed investigation. Xiao Letter, a new energy researcher at CIC, said in an interview with the media that Sinovel has become the focus of the regulatory authorities "target", the possibility of a recurrence of violations, and the public company's negative news has greatly reduced the value of its investment. In fact, people are rather worried about, continuous huge losses, corporate debt or suspended, as well as a false increase in profits, such as the sequelae of many negative, sinovel wind power may be really hopeless. or involved in "packaging listing, Circle Money" from the scene of the current listing to now in the deep mire, sinovel wind power of the great changes in the A-share market is rare. Some people in the industry believe that, from all indications, sinovel wind power isA suspected "packaging listed, Circle Money" Company, the original capital side to make a pot full, but let the small and medium-sized shareholders suffered huge losses. According to media reports, Sinovel was accused of "lap money", mainly referring to the many pe/vc behind it to easily gain hundreds of times times the return of the whole body exit. The investment institutions of Shing and Geo Jidong, for five years, received more than 500 times times in return, while the new Horizon Capital, which entered less than three years, also received a 180 times-fold return in 2011. And after many original investors have withdrawn, the company's performance will be Yixieqianli. Some investors said that the first year listed companies will be a false profit of up to 168 million yuan, before the company's performance is also questionable, "another sponsor of the securities also have exaggerated the value of the company's suspicion."