This announcement is made by CWP Group. The board of directors of Group wishes to inform the shareholders and potential investors of the Company that based on the information currently available to the Board, the Group expects to record a significant increase of over 100% in net profit for the year ended 31 December 2014 as compared with last year.The significant increase in net profit is mainly due to the increase in the income from the EPC business division and the decrease in the provision for inventory. There is also no impairment loss for the Clean Development Mechanism (CDM) accounts receivable in 2014.
Mr. Yang Zhifeng, Executive Director and CEO of CWP, commented: “CWP was committed to developing solar and wind power businesses over the past year to maintain good development momentum in all aspects of businesses. We will further enhance our efforts into our solar business and consolidate our wind power business in 2015 in order to repay the trust of company shareholders and investors.”