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Sinovel replace president after disappointing results

The board at Sinovel (SEHK:à‚ SINOVZ) have decided to replace their president, after posting disappointing first half profits.

Han Junliang
à‚ Han Junliang was voted out as the wind power company seeks to recover market share.

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à‚ China’s largest wind turbine maker, Sinovel saw its net profits plummet 96.25 per cent in the first half of this year.

à‚ The company cites sluggish demand and fierce competition impacting on the business, reporting a $3.89m profit for the first six months of 2012.

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