Bioassay‐guided fractionation of ethanolic extract from the root tuber of Curcuma wenyujin afforded three new diterpenes, curcumrinols A–C (1–3), where 2 is the (14S)‐epimer of 1. The structures of 1–3 were established on the basis of spectroscopic analysis, mainly NMR and MS. 1–3 were tested in vitro for their cytotoxic activity against the HL‐60 and K562 cancer cells. Among the compounds tested, 1 exhibited medium cytotoxicity against K‐562 and HL60 human cancer cells with IC50 values of 11.2 and 3.2 μg/ml, respectively. However, 2 showed only weak activity against the above cancers cells, which suggested that C(14) may be an important position for cytotoxic activity.