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Huayi Electric Co Ltd Announces Changes in Accounting Policy

Monday, 22 Apr 2013 08:00pm EDT 

Huayi Electric Co Ltd announced that it has changed the ratio of bad-debt provision for accounts receivable of wind power equipment in the financial report of fiscal year 2012. After the adjustment, the net profit for FY 2012 will be increased by RMB 82,447,708.47. 

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