China Wind Power Reports Third Quarter Results

China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or
the "Company"), an independent wind power producer in China, today reported its
financial results for the three month period ended December 31, 2011. All
amounts are in Canadian dollars unless otherwise indicated. 


"Our financial results for the quarter were in line with our expectations and
fairly similar to our results for the same quarter a year ago," said Mr. Jun
Liu, Chief Executive Officer of China Wind Power. "During the quarter, Phase 1
generated approximately 27.6 million KWh of electricity for an aggregate
production to-date of 203 million KWh as of December 31, 2011. Most importantly
however, between now and the summer we expect our installed capacity to grow
more than six-fold to approximately 296.5 MW."




Selected Financial Highlights                                               
(In thousands except per share or percentage data)                          
                                                                            
                              Three months ended      Nine months ended    
                              Dec. 31,     Dec. 31,    Dec. 31,   Dec. 31, 
                                  2011         2010        2011       2010 
-------------------------------------------------------------------------- 
Revenue                          2,356        2,430       5,707      4,853 
Adjusted EBITDA(1)               1,681        1,898       3,827      3,788 
Net profit (loss)                 (193)          92      (1,758)    (1,882)
Net profit (loss) per                                                      
 share - diluted                  0.00         0.00       (0.03)     (0.03)
-------------------------------------------------------------------------- 
                                                    
                      Dec. 31, 2011    Mar. 31, 2011
----------------------------------------------------
Cash                          4,931              635
Total assets                173,644          139,401
----------------------------------------------------



China Wind Power's financial results for the third quarter were on par with the
third quarter a year ago. The Company had revenue of $2.4 million and adjusted
EBITDA of $1.7 million for the quarter compared to revenue of $2.4 million and
adjusted EBITDA of $1.9 million for the same period a year earlier. A decrease
of approximately $0.2 million in other income accounted for most of the
year-over-year difference in adjusted EBITDA. The Company incurred a net loss of
$0.2 million for the quarter compared to net profit of $0.09 million for the
third quarter a year ago. 


For the fiscal year-to-date, the Company generated $5.7 million in revenue and
$3.8 million in adjusted EBITDA compared to revenue of $4.9 million and adjusted
EBITDA of $3.8 million for the nine months ended December 31, 2010. Net loss for
the fiscal year-to-date improved to $1.8 million compared to a net loss of $1.9
million for the nine months ended December 31, 2010. 


Update on Wind Farm Development Projects in Du Mon County

"Credit conditions in China have not had a favourable impact on wind farm
development projects in recent quarters," said Mr. Jun Liu. "While the final
installment of our bank loan to fund the completion of Phase II has been
approved, we are still waiting for the proceeds to be disbursed. In light of the
delays that we have experienced with regards to completing Phase II, we have
decided to be more conservative in our plans and expectations for the completion
of Phase III, which we now target for completion by the end of this calendar
year."




Phase   Capacity           Status                                           
----------------------------------------------------------------------------
1       49 MW              Aggregate production to date of 203 million KWh  
                           as of December 31, 2011.                         
2       49.5 MW            Construction expected to be completed by spring  
                           2012.                                            
3       198 MW             Foundations laid for all 132 turbines;           
                           construction to be completed by the end of       
                           calendar 2012.                                   
4       approx. 300 MW     Plans submitted for formal government approval.  
                           Construction expected to be completed by the end 
                           of 2013.                                         
5       approx. 200 MW     Feasibility study underway. Construction expected
                           to be completed by the end of 2014.              
----------------------------------------------------------------------------



About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is uniquely
positioned to capitalize on the growing demand for wind power in China. The
Company indirectly holds the exclusive rights for wind energy development in Du
Mon County, Heilongjiang Province, which has a demonstrated potential installed
capacity of 1,150 MW of wind energy developable over an area of 612 square km.
While 1,150 MW represents the Company's long-term potential for wind power in
the area, its current plans are for building out approximately 800 MW over five
development phases. The Company's common shares are listed on the TSX Venture
Exchange under the symbol "CNW". The Company has approximately 63.9 million
shares outstanding.


For more information and the latest updates on China Wind Power International
Corp., visit our investor relations blog at http://chinawindpower.posterous.com
or follow our updates on Twitter at http://twitter.com/ChinaWindPower. 


Caution Regarding Forward-Looking Statements

Certain statements that are not historical facts made in this press release may
be forward looking statements subject to risks and uncertainties. Statements
containing words such as "will", "could", "expect", "may", "anticipate",
"believe", "intend", "estimate", "plan" and other similar expressions are
forward-looking statements that represent management's beliefs at the time the
statements are made and are based on certain factors and assumptions including
wind farm construction and commercial production schedule, output and capacity,
revenue and earnings expectations and market potential. These forward-looking
statements are subject to a variety of risks and uncertainties and other factors
that could cause actual events to differ materially from those projected in
forward-looking statements. Important factors that could cause actual results to
differ materially from the Company's expectations include uncertainties
involving the availability of financing; fluctuations in currency exchange
rates; uncertainties relating to economic and market conditions; uncertainty of
estimates of capital and operating costs; the need to obtain additional
financing to develop the projects and uncertainty as to the availability and
terms of future financing; the possibility of delay in construction projects and
uncertainty of meeting anticipated program milestones; uncertainty as to timely
availability of permits and other governmental approvals; and other risks and
uncertainties disclosed in the information circular dated November 2, 2011,
which is available at www.sedar.com under the Company's profile. Except as
required by applicable securities laws, the Company undertakes no obligation to
update any forward looking statement to reflect events or circumstances after
the date on which such statement is made. 


(1) Earnings before interest, taxes, depreciation and amortization (EBITDA) is
often used as a measure of financial performance. However, EBITDA is not a term
that has specific meaning in accordance with IFRS accounting principles and may
be calculated differently by other companies. China Wind Power reconciles EBITDA
to its net earnings (loss). Adjusted EBITDA excludes stock-based compensation.