China Ming Yang Wind Power Group Limited (MY) announced its preliminary unaudited financial results for the first quarter ended March 31, 2012.
The company expects to incur a total comprehensive loss for the first quarter of 2012 between US$17.5 million and US$19.1 million.
Revenue for the first quarter of 2012 is expected to be between US$63.5 million and US$65.1 million, a decline of approximately 70% year-over-year due to delays in the installation and commission of its wind turbine generators on a number of wind farm projects, caused in part by adverse weather conditions, and a slowdown of overall market demand in China.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.