Goldwind,
China’s
largest
turbine
manufacturer
by
last
year’s
installation
volumes,
said
net
profits
were
virtually
wiped
out
in
the
quarter,
dropping
97%
on
the
same
stage
last
year
to
6.1m
yuan
($967,500).
Sinovel,
the
market
number
two,
said
net
profit
fell
87%
to
56.8m
yuan.
Both
companies
had
previously
warned
of
the
profit
declines,
and
they
both
say
income
for
the
first
half
of
2012
could
decrease
by
more
than
50%.
Reasons
for
the
expected
decline
are
“slower
growth
for
the
wind
power
industry...increasing
competition
and
decreases
in
the
ASP
(average
selling…
