Net
profits
came
to
153m
yuan
($24.6m)
while
full-year
revenues
fell
by
12%
to
11.3bn
yuan,
the
company
says
in
a
preliminary
results
announcement.
The
numbers
are
in
line
with
earlier
forecast.
Chairman
Wu
Gang
says
the
sector
was
“still
in
a
period
of
adjustment”
last
year,
following
a
change
to
wind
industry
policies
in
2011
that
slowed
project
approvals.
Slower
approvals
came
after
China’s
wind
equipment
sector
had
built
up
large
inventories,
expecting
continued
rapid
growth
after
several
years
of
expansion.
Although
new
wind
installations
hit
about
16GW
last
year,
according…
