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China Solar & Clean Energy Solutions Inc. (CSOL)

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Last Post: 4/8/2014 9:56:13 AM - Followers: 25 - Board type: Free - Posts Today: 0


                                                                             thanks to Durkkdiggler

 

 

We design and provide integrated renewable energy solutions for industrial clients and real estate developers in China. We manufacture and distribute solar water heaters, biomass stove, spacing heating devices along with industrial waste heat recovery systems, including hot tube heat exchanger, high temperature hot air furnace, heat pipe evaporator, dust removal and desulfurization system and constant pressure hot water boiler. Our business is conducted through our wholly-owned PRC-based operation subsidiaries, Tianjin Huaneng, Deli Solar (Beijing) and Deli Solar (Bazhou).

 

Management Commentary

Mr. Deli Du, Chief Executive Officer and President of China Solar, commented, "I am very glad to see that we regain profitability in the year of 2009 thanks to strong sales growth of the industrial energy-saving projects under the management of Tianjin Huaneng and the disposal of the loss-making business with SZPSP,'' said Mr. Du, ''Our ongoing strategy of transition from a single solar product manufacturer to a renewable energy solutions provider for industrial and real-estate projects has well positioned China Solar to capitalize on the more profitable opportunities in the burgeoning Chinese renewable energy market.''

Looking ahead, ''we will continue to mobilize our resources on the more profitable business for industrial clients and to maximize the stock value for our shareholders,'' concluded Mr. Du.


 Showcase of products for sale: http://delienergy.en.alibaba.com/


 

 Mutual Fund Ownership

Mutual Fund Shs Held Shs Chg %Chg $Chg* %Out %Port Rpt Date
The USX China Fund 349,000 30,000 9.4 -3,950 2.3 0.9 10-31-09
Perritt Emerging Opportunities Fund 131,046 0 0.0 -1,310 0.9 0.1 01-31-10

 

5% Ownership

Holder Name Shs Held $ Market Value %Out Fully Diluted Shs Rpt Date
Du (Deli) 5,186,225 1,763,317 34.0 5,186,225 12-31-09
Ardsley Partners 1,666,500 599,940 10.9 1,666,500 04-13-09
*Category Headings:
Shs Held - shares held at report date
Shs Chg - position change within reporting period
%Chg - % change
$Chg - market value of the position change
%Out - % of shares outstanding
%Port - % Portfolio
Rpt Date - report date

 

The above is taken out of the small  O/S  of 15,815,125 shares 

 

Patents


Tianjin Huaneng had obtained the following patents in the PRC for its unique solar energy selective absorbing coat and manufacturing technology:

Authorized Scope
 
Valid Term
 
Certificate Number
Cold water recovery system in solar heating
 
2015
 
ZL200620016815X
Recycle Heating Product in different temperature system
 
n/a
 
Application obtained 7/4/09 UPDATE

 
 
 

 

CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC.
CONSOLIDATED   STATEMENTS OF INCOME
 
   
Years ended December 31,
 
   
2009
   
2008
 
         
(restated)
 
Revenue, net
  $ 26,315,671     $ 41,516,053  
                 
Cost of revenue
    18,862,952       34,537,361  
                 
Gross profit
    7,452,719       6,978,692  
                 
Operating expenses:
               
Depreciation and amortization
    383,531       1,172,254  
Selling and distribution
    2,410,181       3,926,931  
General and administrative
    3,832,979       3,447,906  
                 
Total operating expenses
    6,626,691       8,547,091  
                 
Income(Loss) from operations
    826,028       (1,568,399 )
                 
Other income (expenses):
               
Other income(expenses)
    717,750       (350,204 )
Interest income
    4,613       262,233  
Impairment expense
    -       (3,012,488 )
Interest expense
    (218,882 )     (226,528 )
Total other income (expenses)
    503,481       (3,326,987 )
                 
Income(Loss) From Continuing Operations Before Income Taxes
    1,329,509       (4,895,386 )
                 
Income tax expense
    266,168       96,167  
                 
Income(Loss) From Continuing Operations
    1,063,341       (4,991,553 )
                 
Income(Loss) From Discontinued Operation (net of tax)
    (512,390 )     307,276  
                 
Gain On Sale Of Discontinued Operation (net of tax)
    652,753       -  
                 
Net Income(Loss)
    1,203,704       (4,684,277 )
Less: Net Income Attributable To Non-controlling Interest
    129,359       818,893  
Net Income(Loss) Attributable To China Solar Shareholders
  $ 1,074,345     $ (5,503,170 )
                 
Basic Earning Per Share
               
Continuing operations
  $ 0.07     $ (0.48 )
Discontinued operation
    (0.04 )     0.03  
Gain on sale of discontinued operation
    0.05       -  
    $ 0.08     $ (0.45 )
Diluted Earning Per Share
               
Continued operation
  $ 0.07     $ (0.48 )
Discontinued operation
    (0.04 )     0.03  
Gain on sale of discontinued operation
    0.05       -  
    $ 0.08     $ (0.45 )
Weighted average shares outstanding – basic and diluted
    15,815,125       12,158,482  
 
 
 
PostSubject
#366   CSOL .08 zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz! swampboots 04/08/14 09:56:13 AM
#365   CSOL is having perfect play kranthikumar 01/15/14 10:09:26 AM
#364   CSOL is having lot of buzz kranthikumar 01/14/14 10:06:03 AM
#363   CSOL .035 up 40% why? swampboots 01/13/14 12:19:37 PM
#362   CSOL is looking great at this level kranthikumar 11/26/13 09:52:35 AM
#361   2013/01/31 0.035 0.050 0.025 0.050 50,091 0.050 ash111 02/01/13 12:01:59 PM
#360   500k cap vs,53m assets and about 20m yearly ash111 02/01/13 11:58:51 AM
#359   There is clearly renewed interest in this stock. snow 02/01/13 03:26:09 AM
#358   Uhh, doesnt the absense of filing lead to malc stone 05/25/12 06:35:15 PM
#357   got an answer................... silberesel 05/25/12 04:10:24 PM
#356   I've e-mailed them.......no reply....going dark? silberesel 05/24/12 03:32:03 PM
#355   Biggest Volume in 6 months ready for next week shurtha2000 04/05/12 04:13:18 PM
#354   Sept. 2011 Account receivable $9.8MM, Inventory $10.4MM Cash $6.4MM shurtha2000 04/05/12 12:53:14 PM
#353   I hope so. I own one percent of snow 04/05/12 12:51:23 PM
#352   $6.4MM cash $3.2MM market cap shurtha2000 04/05/12 12:49:59 PM
#351   Book value here 1.85----current price is a gift....current charr992000 04/05/12 12:23:19 PM
#350   Year End Financials to be released within two foxwood90 04/04/12 05:17:04 AM
#349   Why should we believe them? This was supposed rjp 01/30/12 10:53:47 PM
#348   Project Update From Company! foxwood90 01/11/12 08:39:47 PM
#347   Couldn't agree with you more Snow. foxwood90 12/24/11 07:51:17 AM
#346   funny pic of Mr. Deli sgravalox 12/23/11 09:52:20 AM
#345   The fact that published numbers are poor suggest snow 11/23/11 01:44:15 PM
#344   Stocks like CSOL are liking reading a good foxwood90 11/23/11 07:12:22 AM
#343   After reading more closley i understand the plans firsttrade 11/22/11 08:41:57 AM
#342   not too bad, but not as expected....... silberesel 11/21/11 04:53:09 PM
#341   siberesel what do you yhink of the financials? firsttrade 11/21/11 04:46:42 PM
#340   Recent Developments silberesel 11/21/11 03:31:15 PM
#339   That was just yahoo, not from the company. sgravalox 11/11/11 01:24:14 PM
#338   What happened to Nov. 7th earnings announcement? Anybody? foxwood90 11/11/11 01:14:36 PM
#337   Earnings 7th November to be watched. bobguineapig 10/17/11 04:06:46 PM
#336   I just increased my stake by about 24,000 snow 09/06/11 11:46:34 AM
#335   I donot see why this stock can't reach viking86 09/02/11 08:44:25 AM
#334   I've owned shares of this company for many foxwood90 09/02/11 07:12:17 AM
#333   This is the reply I received after e-mailing snow 08/31/11 01:37:21 PM
#332   impressive new appointments mean to me the Guizhou viking86 08/31/11 08:37:11 AM
#331   This is a working company with working financials. Remuda 08/21/11 09:47:40 PM
#330   Heat pipe related equipments/Energy-saving projects: Gross profit silberesel 08/21/11 07:36:25 AM
#329   10-Q filed... JMC 08/19/11 05:16:50 PM
#328   oops, last sentence, "disagrees" instead of "agrees". viking86 08/02/11 04:02:45 PM
#327   I concur. In China the high muckety mucks Remuda 08/02/11 04:00:11 PM
#326   I think many ppl are waiting for some viking86 08/02/11 03:54:59 PM
#325   I am at odds as to know why Remuda 08/02/11 10:21:43 AM
#324   some info on the Guizhou company- here is viking86 08/01/11 10:23:05 PM
#323   Iwould think that with the legitamacy of the Remuda 08/01/11 12:48:21 PM
#322   Cash per share is about 33 cents and snow 08/01/11 12:38:45 PM
#321   No, you haven't been reading wrong, but the Talonss 08/01/11 11:55:44 AM
#320   Have I been reading this wronng that thiscompany Remuda 08/01/11 11:48:58 AM
#319   I got stopped out at 38, but I Talonss 08/01/11 11:46:30 AM
#318   so you think Vice Premier Li Kejiang, who viking86 08/01/11 08:45:53 AM
#317   What part of Dnn87 08/01/11 05:49:01 AM
PostSubject