Fan quality disputes increasing, Golden wind science and technology project plan carry bad debts.

The major clients of Golden wind science and technology (002202.SZ) has appeared "deadbeat" signs. In the company semi-annual report display, until the end of the second quarter, the Golden wind science and technology accounts receivable bad debt provision to a number of large electric power group item company, the carrying amounts to 2807 million yuan, the provision for bad debts is 260 million yuan, with the accrual ratio of 9.28%.

The golden wind science and technology explained, when provide equipment to the customers, contract agreement changes in the course of performing the contract, , if the customer deferred the payment time, owing to estimates of the amount of impairment of accounts receivable amount, the company provision for bad debts.

Why large state-owned power enterprises would deny? Which contract item is change? Financial statements did not disclosure these points.

Warranty period was forced to delay?

Because the majority of fans could not reach their promised, the owners generally require extended the warranty period.

Wind turbine quality disputes mainly concentrated in the warranty period and whether to provide free warranty.

The Golden wind science and technology disclosed information shows, to provide customers with warranty for 2 years, during the warranty period, customers left 3%-10% loans as bonds.

But the warranty period is really 2 years?

Saving energy in wind power generation Limited by Share Ltd (hereinafter referred to as the) is one of the important clients of Golden wind science and technology, the company disclosed information has indicated that, they can not operator node equipment warranty gold in 2 years.

As an important customer of the Golden wind science and technology, China Longyuan Power executives recently in an interview with reporters said, due to not assured of the fan quality, they requires domestic suppliers adjust warranty period from 2 years to 5 years. Actually, China Longyuan Power has expressed concerns about the homemade equipment in the prospectus in 2009, "Installation of domestic wind turbine wind farm are more prone to adverse operation of equipment ".

From the "energy wind power" peer, Reporter knowledge that because most of the fan can not reach the pre-commitment technical indicators, so wind power project owners generally require extended warranty. A wind power generation project owner is disclosed, some owners require extended to 5 years, many other require extended to 8 years, and even some require extended to 20 years.

In accordance with the contract, when the fan has design, manufacturing quality problems in the warranty period, the supplier should free repaired or replacement, otherwise, after the warranty period, the supplier should charge service fee when provided service.

Zhongshan Double Crown Electrical Appliance Co., LTD. is a specialized manufacturer of various electrical fans, which is located in Zhongshan China. Our main products are Electrical Fans, Stand Fans, Table Fans, and Wall Fans. In combination with our competitive price, punctual delivery, qualified managers, experienced staff, advanced equipment and strong technical support, presently, we are looking forward to even great cooperation with overseas customers based on mutual benefits.