日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

News >Bizchina

Sinovel Wind shares fall 9.6% on debut

2011-01-14 14:24

Beijing-based company raised 9.5 billion yuan in biggest IPO in China this year

Shanghai - Sinovel Wind Group Co, China's biggest maker of wind turbines, fell on its first day of trading in Shanghai as rising competition for clean-energy products fueled concern the company's shares may be overvalued.

The stock slumped over 9 percent from the 90 yuan ($13.62) offer price on the Shanghai Stock Exchange Thursday. The Beijing-based company raised 9.5 billion yuan in China's biggest IPO this year, according to data compiled by Bloomberg.

Sinovel Wind sold stock at 44 times 2009 earnings, compared with 18 for Xinjiang Goldwind Science & Technology Co. The company's sales grew 36 percent last year after more than doubling in 2009, Haitong Securities Co estimates, while a US complaint to the World Trade Organization may threaten overseas expansion by Chinese wind turbine companies.

Sinovel Wind closed 9.6 percent lower at 81.37 yuan. The benchmark Shanghai Composite Index rose 0.2 percent on Thursday.

"The 90 yuan offer price is too high, given the company's growth will slow to about 25 percent from almost 100 percent over the past few years," said Tao Zhengao, an analyst at Donghai Securities Co in Shanghai.

Wind turbine companies in China also face challenging times. "With a large installed base in China, turbine accidents and quality issues are becoming more common," said Justin Wu, head of wind research at Bloomberg New Energy Finance. "Turbine prices continue to sink at home while overseas expansion is being challenged by robust competition."

Sinovel Wind sales growth probably slowed to 34 percent in 2010, according to Century Securities Co.

Xinjiang Goldwind, the country's second-biggest maker of wind turbines, slid 2.1 percent to 21.4 yuan in Shenzhen on Thursday, extending its loss to 3.7 percent this year. The stock gained 24 percent last year.

China has pledged to cut carbon emissions by switching to clean energy, such as nuclear and wind power. The government plans to raise its total installed wind capacity to 100 gigawatts by 2015, from about 40 gigawatts at the end of 2010, Chen Shuoyi, head of the High-Tech Center of the Ministry of Science and Technology, said on Wednesday.

Chinese wind companies that export to the United States have been under pressure, since the Obama administration in December filed a complaint with the World Trade Organization over support China provides its wind-energy manufacturers, acting on a petition brought by the United Steelworkers union.

Bloomberg News

Related News:

主站蜘蛛池模板: www.日韩高清 | av在线免费观看不卡 | 国产特级黄色片 | 综合中文字幕 | 日韩在线视频中文字幕 | 麻豆黄色片 | 五月婷婷综合久久 | 色综合五月 | 国产一区成人 | 国内超碰| 久久视频免费 | 日本男人的天堂 | 亚洲欧美一区二区三区四区 | 欧美中文日韩 | 成人精品自拍 | 国产超碰在线观看 | 国产精品看片 | 香蕉视频911 | 国产精品欧美亚洲 | 在线a | 黄色一级一片免费播放 | 一级片在线视频 | www夜色| 一级黄色免费片 | 久久国产精品久久久 | 国产天堂久久 | 国产成人综合视频 | av片在线观看免费 | av网站在线免费 | 丰满肥臀噗嗤啊x99av | 欧美视频亚洲视频 | 日韩在线视频网 | 国产精品久久久久久亚洲影视 | 激情综合视频 | 综合狠狠| 成人做爰69片免费观看 | 国产精品人成在线观看免费 | 成人在线激情视频 | 探花风韵犹存少妇88av | 精品资源成人 | 亚洲黄色影院 |