Shunfeng International Clean Energy (SFCE) has today issued a stark profit warning via a preliminary financial assessment publication that reveals an 80% decrease in first-half (H1) 2016 profits compared to H1 2015. Last year over the same period the renewables firm posted net profit of RMB 172.5 million ($25.8 million), but has warned shareholders that things are not looking so rosy this time around. The SFCE group pinned the blame for its expected profit slump on two key factors, chiefly the curtailment of a number of its completed solar PV projects, and heavy losses accrued following the acquisition of clean energy firms Suniva and Lattice Power. The grid curtailment ...Den vollständigen Artikel lesen ...