The staff leaving Goldwind included vice-president Guo Jian, chief engineer Cui Weixin, and board directors Lu Houjun and Gao Zhong.
In its 2012 figures, Goldwind revealed it made only CNY 153 million ($24 million) net profit, down 74.77% on 2011.
Goldwind expects a net profit of CNY 30.88 million to CNY 33.97 million for the first quarter of this year, up 400-500% year-on-year, according to the annual report released on 23 March. The rise is attributed to the small base number of the first quarter of 2012, and improved management.
The company attributed the unprecedented fall to market adjustments in the Chinese wind power sector during 2012. During the period, the industrial restructuring still went on with intensified competition and falling demand.
Goldwind sold 2583.3MW turbines in 2012, including 1,478 1.5MW turbines and 147 2.5MW turbines, down 16.82% from the previous year.
Meanwhile, the firm had 2521.5MW turbines installed in the country in 2012, 19.5% of the Chinese market share. It remained the biggest in 2012, as in 2011. It also had 139MW turbines installed in overseas market, up 25.25% year on year.
By the end of 2012, Goldwind had an order pipeline of 4,086MW. This included 3,050MW 1.5MW turbines, 1003MW 2.5MW turbines, and 33MW 3MW turbines. Of this, 424MW came from overseas market.
Goldwind had also won but not yet signed orders for 2,515MW turbines. They comprised 6MW 750kW turbines, 2,058MW 1.5MW turbines, 448MW 2.5MW turbines, and a single 3MW turbine.