China Power Equipment, Inc (CPQQ)

[Big Poppa Pump]

Anyone have a update in the lawsuit here?

[molecularcd]

Added at .10

[molecularcd]

Wiggle me timbers. Wake up CPQQ! China's about to blow! Don't u like moneys? I like moneys. Now get back out there and show us what a real swindle looks like!

[molecularcd]

That oughta get things wigglin

[NathanH]

Good for them lol

[z_deville]

Barron Partners notifies China Power Equipment Inc. ("CPQQ") regarding notice of Upcoming Default
PR Newswire Barron Partners
22 minutes ago

NEW YORK, April 10, 2014 /PRNewswire/ -- Barron Partners is the holder of 3,100,000 shares of CPQQ Series B Convertible Preferred Stock purchased under the Securities Purchase Agreement dated as of November 30, 2009 by and among China Power Equipment Inc. and Barron Partners (the "SPA"). Barron Partners is also the holder of approximately 2,600,000 shares of CPQQ common stock purchased.

Reference is made to the SPA, Pursuant to which CPQQ is to not take any action which would cause its common stock not to be traded on the OTC Bulletin Board (now the OTCQB).

On March 28, 2014 CPQQ announced that it has suspended its obligation to file periodic reports under Section 15(d) of the Securities Exchange Act of 1934, as amended. This action, if not reversed immediately, will result in the shares of CPQQ not being tradable on the OTCQB in direct violation of the SPA.

The total cost of CPQQ stock held by Barron Partners as of the date of this notice has a value of over $8,000,000, all of which Barron Partners stands to lose if CPQQ shares fail to be tradable in the OTCQB.

Please let this letter serve as a notice of a breach of contract by CPQQ under the SPA for failing to continue trading on the OTC Bulletin Board. Demand is hereby made that CPQQ take all actions reasonable and necessary to continue to have its shares traded on the OTC Bulletin Board (OTCQB) including, without limitation the timely filing of all periodic reports under the Securities Exchange Act of 1934, as amended. Please advise as to the steps that CPQQ intends to take to continue to have its shares traded on the OTC Bulletin Board (OTCQB).

Barron Partners reserves all rights and remedies with respect to the foregoing, including, without limitation, the right to bring legal proceedings to enforce its rights and claims against CPQQ.

[molecularcd]

Added today. .30 avg

[molecularcd]

I'm in this @.54

[eom7]

I sold yesterday, but I agree. B.E. and out

[pappy]

I think Roberts starting to nibble again $2,500 at a time.

That is about all he can buy at one time without making the pps jump up to fast since sell orders are very few & far in between.

I don't look for Robert to continue this practice for long with out making another offer.

[eom7]

You don't see an activist investor in Penny Stock much - I like it!

My guess is that was just the opening Salvo. Of course they would say no!

[pappy]

According to yahoo= BV $2.39 & cash per share $1.62 as of last reporting period.

Seems Robert Fitzgerald according to his filings was disappointed that CPQQ didn't offer to do a buyback at lower prices.

His offer was a 25% premium over the $0.39 pps at the time of his offer.

Since 11/20/13 he had bought approx. 89,000 shares on the open market bring his total share holdings to 1,408,013 or 7.2% of total shares outstanding.

Mr Fitzgerald is a private investor who lives in Texas who provides equity capitol to undervalued high growth companies.

He & his family are the owners of the corp. he has to do his bidding.

[eom7]

Company rejected a $.50 buy out offer from a major shareholder. Dah they have $1.40/share in cash. lol

Item 8.01 Other Events

On January 3, 2014, China Power Equipment, Inc. (the “Company”) received a letter (and an attached term sheet) from QAR, LLC, a shareholder of the Company, in which QAR, LLC and its affiliates, transmitted a non-binding offer expressing an interest in acquiring all of the outstanding shares and options of the Company (exclusive of all shares not already owned by such parties and all shares with respect to which the holders have perfected appraisal rights under the Maryland General Corporation Law), at a price of $0.50 per share in cash, subject to due diligence and other conditions, in a “cash out” merger. The non-binding offer expires by its terms at 5:00 pm on January 9, 2014 (Xi’an, China local time and date). It appears that the nonbinding offer contemplates the use of the Company’s existing cash to fund the cash out consideration. The Company’s Board of Directors has convened a meeting to address the foregoing offer and unanimously determined to decline it. The submission of this Current Report on Form 8-K is not an admission as to the materiality of any information contained herein.

[eom7]

I just added a small position... I hate chasing.

[pappy]

Strong upward volume the last couple of days but haven't heard any news to account for the sudden buying interest.

[eom7]

Some day this one moves BIG - I hope I am in it when it does.

[mauiguy2]

Another good post, RSI 30!

Hopefully, this little nugget will eventually get discovered. A little PR once in awhile certainly wouldn't hurt the cause.

[RSI 30]

CPQQ must be the most undervalued stock on the exchange

Quick numbers from the Q2 balance sheet....

Between Dec 31, 12 and June 30, 13:

• CPQQ raised their asset value by $3.4 mil or $0.173/share (using shares outstanding @ 19.6 mil) They have total assets of $48,714,190.
• Thanks to Q2 $3.9 mil reduction in accounts receivable; CPQQ increased cash and cash equivalents by $7.1 mil to $29,236,104.
• Total liabilities sit at $3.787 mil (a $71,851 increase)
• Current Book value of this stock $44.917 million.

Putting these quick facts into perspective, using 19.6 mil shares outstanding:

• With $29.236 mil in ca$h this stock should be priced at $1.49 just to meet cash equivalent.

• Or priced at $2.29 to par with the $44.917 mil book value. …a 377% increase.

If one chooses to price in future earnings using the present 0.29/share & that fact that this management is so blinking good with $$$$; one might see this stock going back around its’ Q1 2010 prices.



Other notables I enjoyed:

First and foremost, this reliable management filed its’ Q2 precisely on time…..again.

CPQQ admits they are off to a slow year, mostly due to the Q1. Holidays and well deserved employee time off. Smart …A company is nothing without good employee morale. Now that they are back to work the quarterly revenue increase is significant.

I liked reading the statements of operation more than the asset column. The number I truly enjoyed seeing was this one +5.5% ($20,000) that is the increase in selling and admin expenses on page 1. The reason why I like to see a number like this is because it shows this management knows where to throw money and energy when sales are down. It worked too, increasing their accounts receivable department is probably the reason for the $3.9 mil reduction in receivables.

I also enjoyed reading statements like this: “The decrease in the first half of 2013 was mainly due to lower average selling prices of amorphous alloy cores” A company will sink and drown, if it is not willing to competitively price their product.

On page one of the Q2 the CEO, Mr. Song, makes some pretty positive and optimistic statements about the remainder of 2013. I take them to heart considering my impression of what an ultraconservative person he may be. With government contracts looking bountiful, I believe Q4 2013 might show another year to year increase in profits.

It looks as if over 1 million shares of this company is now “institutionally owned” by Concorde Equity. I can only assume they did their homework before buying in, which is always encouraging.

Q3 2012 CPQQ management was urged by Barron partners CEO to buy back shares and pay a dividend to the shares holders. I don’t know if this would be something I would hold my breath waiting for, as this management seems to like amassing cash, but if they did announce a dividend………


GLTA

[mauiguy2]

Q2 should be coming out like clockwork

Nice Post, RSI30!

You waited until your last sentence to say what I was thinking the whole time I was reading your post....CPQQ reports regularly. Although the stock hasn't done squat in ages, I can't bring myself to sell my shares. If any small cap China stock has a chance to go a lot higher, this is certainly one of them

[RSI 30]

CPQQ China Power Equipment Inc. This little sleeper is sliding so far under the radar it has road rash.


This Chinese company produces advanced technology amorphous alloy energy-efficient transformers and transformer cores which are an important component for a more energy-efficient grid

CPQQ is a big fish in its industry, with increasing net profits, little debt, tons-o-cash on hand and trading at a fraction of its book value.

Check out these numbers…..

• As of the 2013 Q1 they have $46.113 million in assets and only $3.221 million in liabilities giving them a book value of $42.891 million.

• CPQQ has a net profit of $0.23/share or a P/E of 1.5x.

• 2012 net sales increased by 9% from 2011

• At $0.39 CPQQ present market cap is 7.61 million with 19.52 million shares outstanding

? This stock is trading at only 17.7% of its book value & should be priced at $2.16 based on book alone.

? To make the story even sweeter… CPQQ has $24.26 million or $1.23/share in ca$h. If this stock went up 310% it would only be at cash equivalent.

Looking into the past…

• At the end of 2009 CPQQ was at $4.00 per share with 14.9 million shares outstanding. They had $18.9 million in assets and $1.62 in liabilities for a book value of $17.26 million. They posted a loss -$0.32 for the year.

• Three and quarter years later, CPQQ increased their book value by $25.6 million to $42.9 million and posted a net profit of +$0.23/share. With 19.5 million shares outstanding.

The result of +.55/ share profitability & 148% growth….
stock price has plummeted -92% to $0.39

(Insert bemused and perplexed look here)



A few more notables …..

o I looked into eight other companies in the industry and this was the ONLY one showing a +net profit per share. Every other ticker posted negative earnings (I am sure there are other profitable companies, but I called “uncle” after eight.)
o They have never filed a late SEC quarterly.
o In 2010 they opened a new plant and increased production by 233% becoming a big player in the industry attracting Chinese government contracts.
o In February 2011, to armour against the big fraudulent Chinese company “witch hunt”, CPQQ upgraded to Mazars one of the top 10 global corporate auditors.
o Q3 2012 The management was urged by Barron partners CEO to buy back shares and pay a dividend to the shares holders.
o As of December 31, 2012, China Power was granted five patents regarding its’ products and specialized equipment, and received patent certificates. . ( Good review of their product in the 2012 10k)
o The ONLY long term liability is a lease payable of 110k.


*I have this little step where I sort my stock screen 5x to view the top stocks for each of my fave criteria. CPQQ landed in the top 5 each time.


Utterly gobsmacked that a company looking like a buying opportunity dream come true priced at $0.39. I Googled China Power Equipment to see what I could see…. you know what I found???

Nothing…. Not one analyst review, pump, or slanderous article. Only announcements for SEC filing.

All quality, no hype.

This competent management might be the quietest, but their financials speak volume. Q2 should be coming out like clockwork at the beginning of August… expect a good read



GLTA

[pappy]

I like what im seeing in this yearend report & think we haven't seen nothing yet until we see the 2012 yearend report.

[eom7]

China Power Equipment Announces Fourth Quarter and Full Year 2011 Financial Results

XI'AN, China, March 28, 2012 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment", or the "Company" OTCBB: CPQQ), a manufacturer of a new generation of energy saving amorphous alloy transformer cores and transformers in China, today announced its financial results for the fourth quarter and twelve month period ended December 31, 2011.

Fourth Quarter Highlights:

Net revenues increased 19.6% to $9.3 million year-over-year
Net income increased 49.5% to $1.4 million with $0.06 in diluted EPS

Full Year Ended December 31, 2011 Highlights:

Net revenues increased 24.8% to $37.0 million year-over-year
Net income of $5.9 million with $0.25 in diluted EPS
"I am pleased to report strong financial results for both our fourth quarter and full year 2011 which underscored the increased recognition for energy efficient electric products by China," said Mr. Song Yongxing, Chairman, CEO, and President of China Power Equipment. "We continue to see strong demand for our energy saving products and we have further expanded our production levels and increased our market share. Continued strong demand in China for energy infrastructure components has allowed us to further increase our capacity utilization at our new step down transformer production facility which commenced commercial production in the third quarter of 2011. Our R&D team continues to innovate, develop and upgrade patents and use lower cost, high quality domestically-produced raw materials in our products, all of which should allow us to better service our existing client base, improve margins and allow us to gain more market share in the future."

Summarized Fourth Quarter Ended December 31, 2011 Results

Q4 2011
Q4 2010
Increase (Decrease)
Net Revenues
$9.3 million
$7.8 million
19.6%
Gross Profit
$2.5 million
$1.8 million
37.8%
Selling, General and Administrative Expenses
$0.8 million
$0.5 million
65.9%
Net Income
$1.4 million
$1.0 million
49.5%
EPS*
$0.06
$0.04
50.0%




*Earnings per share are based on weighted average fully diluted shares outstanding of 23.6 million and 22.1 million in Q4 2011 and Q4 2010, respectively. All numbers are rounded to nearest $1,000,000, excluding EPS.
Total net revenues for the quarter increased $1.5 million, or 19.6%, to $9.3 million, compared to the same period of 2010, primarily attributable to increased sales of amorphous alloy cores and high capacity amorphous alloy transformers. Net revenues generated by sales of amorphous alloy cores increased 12.3% to $6.4 million for the quarter, representing 69.5% of sales. The growth benefited from a quantity-based pricing program to secure larger orders from customers in addition to our ability to more competitively price our products due to the use of lower cost domestically produced raw material. Net revenues generated by sales of amorphous alloy transformers were $2.8 million, up 40.4% from the fourth quarter of 2010, primarily due to higher average sales prices due to a change in the product mix in favor of more expensive high capacity transformers.

Gross profit for the quarter was $2.5 million, representing an increase of approximately $0.7 million, or 37.8% compared to the same period in 2010. This was primarily due to higher sales revenues generated by amorphous alloy cores and high capacity amorphous alloy transformers. Consolidated gross margin increased to 26.7% from 23.2% in the fourth quarter of 2010, and increased 2.4 percentage points compared to the previous quarter in 2011. Gross margin on amorphous cores increased to 29.1% from 22.9% in the fourth quarter of 2010 primarily due to the Company's increased usage of lower priced domestically-produced amorphous alloy strips. By the end of year 2011, cores using domestically-produced amorphous alloy strips accounted for 30% of the total cores sold. Gross margin on the Company's amorphous alloy transformers declined 2.6 percentage points to 21.4%, compared to 24.0% a year ago mainly due to the lower than expected capacity utilization of the new transformer production lines.

Selling, general and administrative ("SG&A") expenses totaled $0.8 million for the three months ended December 31, 2011, an increase of approximately 65.9% from the same period in 2010. Operating income increased approximately 45.7% year-over-year to $1.7 million, with an operating margin of 18.6%.

Net income for the fourth quarter was $1.4 million, up 49.5% versus the same period in 2010 despite the higher operating income was offset by higher income taxes. Earnings per share based on 23.6 million fully-diluted shares were $0.06, compared to $0.04 in the fourth quarter of 2010.

Fiscal Year 2011 Results

Summarized Twelve Months Ended December 31, 2011 Results

FY 2011
FY 2010
Increase (Decrease)
Net Revenues
$37.0 million
$29.7 million
24.8%
Gross Profit
$9.2 million
$7.8 million
18.4%
Selling, General and Administrative Expenses
$2.1 million
$1.4 million
50.9%
Net Income
$5.9 million
$5.5 million
7.8%
EPS*
$0.25
$0.25
0%




*Earnings per share are based on weighted average fully diluted shares outstanding of 23.6 million and 22.1 million in 2011 and 2010, respectively. All numbers are rounded to nearest $1,000,000, excluding EPS.
Net revenues increased 24.8% to $37.0 million during the year ended December 31, 2011, primarily attributable to higher tonnage of amorphous alloy cores sold, offset in part by lower average selling prices of our amorphous alloy cores. More high capacity high-priced amorphous alloy transformers sold in 2011 also contributed to the increase in net revenue. Net revenues generated by amorphous cores increased 31.0% during the period and accounted for 72.5% of total sales. Net revenues from amorphous alloy transformers grew by 10.9% to $10.2 million for the period.

Gross profit for the period was $9.2 million, representing an increase of 18.4% versus the same period in the prior year, primarily due to higher sales revenues associated with amorphous alloy cores and transformers. Consolidated gross margin decreased 1.4 percentage points to 24.9% in 2011 from 26.3% in 2010, primarily due to the lower average selling prices of amorphous alloy cores in year 2011 compared to the same period of 2010. Gross margin for China Power's amorphous alloy cores and transformers were 25.4% and 23.7%, respectively.

SG&A expenses increased 50.9% to $2.1 million due to an increase in shipping expenses of $61,974 resulting from higher revenues, an increase in professional fees of $152,158 resulting from higher audit and investor relations service fees, an increase in administrative personnel expenses of $321,332 resulting from higher director and officer insurance, new hiring and higher salary and related employee benefits, and an increase in administrative facility expenses of $35,995. Operating income increased 14.3% to $7.2 million, representing an operating margin of 19.3%.

Net income attributable to China Power's common shareholders and diluted earnings per share were $5.9 million and $0.25 respectively in the twelve months ended December 31, 2011, compared to $5.5 million and $0.25 in the previous twelve month period, primarily attributable to higher gross profit, offset by higher SG&A expenses and higher income taxes.

Financial Condition

Cash and cash equivalents were $23.1 million at December 31, 2011 compared to $17.9 million at December 31, 2010. Working capital increased to $23.9 million from $18.5 million at the end of 2010. Accounts receivable was $2.0 million at December 31, 2011, an increase of 28.2% or $0.4 million from $1.6 million at end of 2010.

The Company generated $6.3 million of cash flows from operating activities in 2011 primarily due to net income, partially offset by higher working capital needs. China Power spent approximately $2.1 million on capital expenditures in 2011.

Business and Facilities Update

Since the Company commenced commercial production at its new amorphous alloy step-down transformer line during the third quarter of 2011, it has further tested and refined its preparation and production processes, equipment, and quality controls to prepare for the mass production in the next stage. All these efforts were recognized by our reception of ISO 9001 2008 certification in 2012. Previously, the Company used third party manufacturers to make transformers. With the completion of this new facility, orders that were previously subcontracted will be gradually taken in-house. Meanwhile, the Company is actively seeking to participate in and undertake larger national grid projects and private end users' projects.

"We delivered the first shipments of transformers from our new production line to customers in September 2011. Our customers are very satisfied with the quality and performance. The in-house produced transformers accounted for 15% of the total transformers we sold by the end of 2011. Sufficient production preparation and additional marketing strengthen our confidence in the expansion and we expect to secure new orders and hope for sizable production in 2012," stated Mr. Song Yongxing, Chairman, CEO, and President of China Power Equipment.

Beginning from 2011, the Company gradually increased the commercial purchase of amorphous alloy strips, the main raw material of amorphous alloy cores, from a Chinese domestic manufacturer, Advanced Technology & Materials Co., Ltd. (AT&M) after a long period of internal testing. Sourcing alloy strips from a trusted domestic supplier will help the Company broaden its supply base, lower the risk of concentration of raw material supply, provide more options to clients and help improve the profit margin of the amorphous alloy cores. The transformers made in-house improve the efficiency in order turnaround and product quality, which will in turn enhance our ability to get larger projects.

The Company was successfully granted three new patents in 2011, while we applied for a new patent related to the design of transformers in the same year and received the certificate in 2012.

With the ramp up of the capacity utilization of the new transformer production lines, greater usage of domestically produced raw materials, and R&D innovation, the Company should continue to improve profit margins and financial and operational performance.

With the implementation of China's Twelfth Five-year Plan, we believe that the rural grid improvement plan, which is expected to be released as early as the first half of 2012, will effectively boost the market demand for energy-efficiency products. It is estimated that both the State Grid Corporation and South China Grid Corporation, the two large grid corporations in China, will invest at least $79 billion USD (500 billion RMB) into the rural grid upgrade project during China's current five year plan. As the leading professional amorphous alloy core and transformer manufacturer in northwestern China, China Power Equipment is well positioned to secure new orders from the Chinese government's planned renovation and upgrade of rural power grids in both the Central and Western regions of China.

Conference call

China Power will hold its fourth quarter and full year 2011 financial results conference call at 8:00 am ET on Thursday, March 29, 2012.

To attend the call, please use the information below for dial-in access. When prompted on dial-in, ask for "China Power Equipment Fourth Quarter and Full Year 2011 Earnings Conference Call".

Conference Call

Date:
Thursday, March 29, 2012
Time:
8:00 am Eastern Time, US
US Toll Free Dial-In:
[phone]
International Toll Free Dial-In:
[phone]
Asia Toll Free Dial-In:
Mainland China: 800 876 8626
Hong Kong:
3005 2050
Password:
896358#
Conference ID:
China Power Equipment Fourth Quarter and Full Year 2011 Conference Call
Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through April 28, 2012. To listen, please call [phone] within the United States, 800 876 5016 if calling in China, or [phone] if calling internationally. Utilize the pass code 160773# for the replay.

The archive of the conference call will be available on China Power's website at: http://www.chinapower-equipment.com

About China Power Equipment, Inc.

China Power Equipment, Inc., is a U.S. corporation, which through its wholly-owned subsidiary, An Sen (Xi'an) Power Science & Technology Co., Ltd., and its affiliated operating company, Xi'an Amorphous Alloy Zhongxi Transformer Co., Ltd., designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy core distribution transformers in the People's Republic of China. The company currently manufactures 59 different products, primarily amorphous alloy cores and amorphous alloy core transformers.

Safe Harbor Statement

Certain statements in this release concerning our future growth prospects are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "could," "estimates," "expects," "future," "intends," "plans," "should," "will," and similar statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of the company's investments, risks and uncertainties regarding fluctuations in earnings, its ability to sustain its previous levels of profitability including on account of its ability to manage growth, intense competition, wage and inflation increases in China, its ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, its ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts, and legal restrictions on raising capital or acquiring companies outside China.

Additional risks that could affect the company's future operating results are more fully described in its filings with U.S. Securities and Exchange Commission. These filings are available at www.sec.gov and at www.chinapower-equipment.com.

The company may, from time to time, make additional written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in its annual report to shareholders, in news releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. The company does not undertake to update any forward-looking statements that may be made from time to time by or on its behalf, except as required under law.

For more information about China Power Equipment, please visit its website at www.chinapower-equipment.com.

For more information, please contact:

COMPANY:

Ms. Nicole Chen (English and Chinese)

Vice President of Finance

China Power Equipment, Inc.

Telephone: [phone]

Mobile: [phone]

Email: [e-mail]

INVESTOR RELATIONS:

Mr. Scott Powell (English)

Senior Vice President

MZ Group

Tel: [phone]

Email: [e-mail]

www.mz-ir.com

[sailor61270]

The ISO Certification is excellent news. This is one RTO that got thrown out with the bath water. With all the talk of sunspot activity and the potential effects on power grids, I strongly believe this company is poised to capitalize on their development of quality products coupled with 2012 mania and power suppliers stocking up on spare transformers. I believe shares accumulated under 1$ will pay handsomely in the coming 12-18 months.

[pappy]

After allowing for a increased tax-rate eps were flat in the 3rd qtr with a eps runrate of $0.28.

This has little bearing on the future growthrate since the new plant didn't become productive until sometime in Sept.

I will wait until I see 4th qtr numbers which should show a full qtr of production using the new plant.

Then multiply by 4 to establish the then current runrate.

By updating the runrate each qtr as 2012 unfolds a future growthrate can be established as we see how new business unfolds.

By then I hope this sector will regain some respect & a pps target using a p/e ratio somewhat in line with the future growthrate - a China discount can be determined.

[ALERTS100%to10000%GAIN]

CPQQ~~NEWS~~China Power Equipment Retains MZ-HCI as Its Investor Relations Advisor

http://ih.advfn.com/p.php?pid=nmona&article=48670396&symbol=CPQQ

m1999

[ALERTS100%to10000%GAIN]

CPQQ~~~Contractual Obligations


As of March 31, 2011, we were committed to equipment purchase contracts of $2,507,290. The cash commitment remaining for these contracts is $2,000,580 which is payable upon the progress of the equipment installation.


We prepaid $203,050 for the land use right of the new plant and are obligated to pay the remaining balance of $106,869 upon receiving the land use right certificate.




http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938335

m1999

[ALERTS100%to10000%GAIN]

The following table summarizes our liquidity and capital resources for the periods presented:


March 31, 2011 December 31, 2010
Cash $ 19,504,219 $ 17,932,447
Working capital $ 19,938,688 $ 18,544,621
Stockholders' equity $ 29,165,687 $ 27,865,352



CPQQ~~~The following table shows the movements of our cash for the periods presented.


Three Months Ended March 31,
2011 2010
Net cash provided by (used in) operating activities $ 1,157,492 $ (393,065 )
Net cash provided by (used in) investing activities 328,334 (494,326 )
Net cash provided by financing activities - 108,700
Effect of exchange rate changes on cash 85,946 779
Net increase (decrease) in cash $ 1,571,772 $ (777,912 )

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938335

m1999

[ALERTS100%to10000%GAIN]

CPQQ~~~Common stock: par value $0.001 per share, 100,000,000 shares authorized;
19,382,013 shares issued and outstanding at March 31, 2011 and December 31, 2010 (Note 9)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938335

m1999

[ALERTS100%to10000%GAIN]

CPQQ~~~As of May 12, 2011, 19,382,013 shares of the issuer’s common stock, par value $0.001, were outstanding.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938335

m1999

[pappy]

I didn't listen to the cc.

As for the quarterly results the increase in revenue was a positive & will look for that to continue along with some increase in margin in future quarters.

Overall I rate cpqq a hold or o.k. to buy at its current depressed pps.

[eom7]

What did you think?

[pappy]

CPQQ will host its 1stQ cc @ 7am EDT on May17th,2011.

I hope to see stronger revenue gains than in the recent past.

I still hold a small longterm position waiting for improved operating results before adding more.

[Scandle34]

this has been rough over the entire year.

[RagingStocks]

China stocks have been rough over these last few months. Some signs of life (china stocks) last week. Maybe some interest is coming back?

[Scandle34]

why did I buy this again??

[RagingStocks]

CPQQ Chart:

[Florinda]

China Power Equipment Sees No Disruption in Alloy Supply from Hitachi Metals in Japan

KEY STATEMENTS:

"Hitachi Metals, headquartered in Tokyo, Japan, is our largest supplier of amorphous alloy strip, the primary raw material for making our amorphous alloy electricity transformer cores. Hitachi Metals is the largest manufacturer of amorphous alloy in the world. Its alloy manufacturing operations are located in southern Japan, so to date they have not been affected by the earthquake, aftershocks, or the tsunami that hit northeastern Japan, according to our contracting officer at Hitachi Metals this morning.

"Hitachi Metals currently does not expect any disruption in its ability to supply amorphous alloy strip to China Power Equipment, including any significant change in the supply of electricity to its plants that might affect Hitachi's ability to supply to us.

"As we assess our future risks, although Hitachi Metal's employees and manufacturing operations were not directly affected by the natural disasters, the consequences of closing more nuclear power stations in Japan might eventually reduce Hitachi Metals' ability to produce or ship alloy to us. We believe this conclusion is quite conservative, but currently there is no way to assess this possible risk with any accuracy."

http://finance.yahoo.com/news/China-Power-Equipment-Sees-No-prnews-3009007344.html?x=0&.v=1

[Florinda]

China Power Equipment to Host Year 2010 Conference Call on April 1, 2011 at 8:00 a.m. EDT (NY)

XI'AN, China, March 28, 2011 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment" or "the Company", OTC Bulletin Board: CPQQ), the designer, manufacturer, and distributor of a new generation of energy saving distribution transformers and transformer cores in the People's Republic of China, today announced that it will host its earnings conference call and live webcast covering the year 2010 on April 1, 2011 at 8:00 a.m. EDT (New York), which is also 8:00 p.m. in China on the same day.

Company participants on the call will include Mr. Yongxing Song, Chairman & CEO, Ms. Yarong (Lillian) Feng, Director & Vice General Manager, Ms. Elaine Lanfeng Zhao, CFO, and Ms. Nicole Chen, Vice President of Finance.

The dial-in details for the live conference call are:

U.S. toll-free number

1 866 549 1292

International dial-in number

[phone]

Mainland China toll-free number

400 681 6949

Participant pass code

156 484#

The live webcast and archive of the conference call will be available on the Investor Relations section of China Power's website at http://www.chinapower-equipment.com. Be sure to log in about 15 minutes before the call starts to download any necessary software.

A telephone replay of the call will be available shortly after the conclusion of the conference until 9:00 a.m. EDT on April 8, 2011.

The dial-in details for the telephone replay are:

U.S. toll-free number

1 866 753 0743

International dial-in number

[phone]

Mainland China toll-free number

800 876 8594

Replay pass code

156 591#

http://finance.yahoo.com/news/China-Power-Equipment-to-Host-prnews-3715219922.html?x=0&.v=1

[pappy]

Why does cpqq upgrading to a top 10 auditor concern you.

I think its a move in the right direction.

Now if they can just start picking up the revenue & earnings growth a bit I might even increase my position.

[CHA$E]

Is this a SHAM.....(?) 'cautiously concerned'


http://ih.advfn.com/p.php?pid=nmona&article=46308427&symbol=CPQQ

oh my...read between the lines...

big drop sooon?

;)

[Florinda]

Here's a posts from Yahoo:

Third quarter 2010 highlights

Net revenues increased 9.6% to $8.65 million in the third quarter 2010
from $7.89 million in the third quarter 2009.
Gross profit increased 22.2% to $2.40 million in the third quarter 2010
from $1.96 million in the third quarter 2009.
Net income increased 17.8% to $1.66 million in the third quarter 2010
from $1.41 million in the third quarter 2009.
Basic earnings per share remained even at $0.09 per share in the third quarter 2010
from $0.09 per share in the third quarter 2009 on 29.9% higher weighted average basic shares outstanding in the third quarter 2010 than in the third quarter 2009.
Diluted earnings per share decreased 22.2% to $ 0.07 per share in the third quarter 2010
from $0.09 per share in the third quarter 2009 on 59.4% higher weighted average diluted shares outstanding in the third quarter 2010 than in the third quarter 2009.--urstockpick

ANOTHER POSTER:

I am watching this stock for the next floor. I expect to see 1.5 within the next 60-90 days.

Many discuss the book value but are not discussing the real problem here. The sales growth is falling rapidly. Yes they can produce more but they cannot seem to find customers to buy more.

Q1 sales growth of %112.9
Q1 gross profit growth of %177.6

Q2 sales growth of %27.3
Q2 gross profit growth 0f %49.8

Q3 sales growth of %9.6
Q3 gross profit growth of %22.2

The growth rate is slowing at an alarming rate. If this keeps up they would warrant a P/E of less then 4 since at the current pace we should expect growth in the single digits again next Q. A P/E of 4-5 is around 1.2-1.5/share.

The last quarter was not good and there is no other way to put it. The heavy dilution for the new facility outpaced growth so the stock should retreat further. I plan to repurchase around 1.5 or lower just incase they can surprise on Q4 but ultimately the analysts expect .09 per share profit and I think they may be too high. With how bad Q3 came out I would think .07 is more like it. --mikeymgd 11/17/10

ANOTHER POSTER:

Stockholders' equity $ 26,569,546 - Cash plus working capital

Diluted Share count = 23,770,000 shares

Per share Cash = $1.11/share

I guess as of today the business is worth less than $1.00 per the market? Crazy, I am going to start loading up here at these levels. This is an investment, what were people thinking that this was going to become an overnight BIDU? Give it time, these guys will be in the sweet spot soon, they are just getting going.--hedgfund_k 11/15/10

[mauiguy2]

Steve, I've always liked CPQQ. But, just like everything else in the China space in mid-year, it got crushed. And, pretty much forgotten. Great to see it coming back again.

[Florinda]

Yeah, Mauiguy, I was happy to find that too. A real sleeper here, but prospects of getting back up over $4 now that the plant is finished. We'll see. Good luck in picks!

Steve

[mauiguy2]

Great info, Florinda. Thanks!

[Florinda]

Nice Yahoo update from poster:

"Longs,
I spoke to IR this past week. 25 minute phone call. Earnings report will be out before November 17th. The new plant is completely finished (state of the art) It produces more products quicker. In other words it's output is increasing at an increasing rate due to capacity and technology. Another tid bit. They have also completed the construction of an onsight sleeping quarters for the employees (Kind of like an inhouse hotel). This is common in the Chinese culture. I believe we have a small very profitable company here with some massive upscale growth prospects. They are cash strong and minimal debt. Now they have the facilities to meet demand"


IR phone #

China Power Equipment, Inc.
Tel: [phone] in the USA

"I believe the IR representative was Mike. I know he was located in New York City. He holds 265,000 shares himself. Ironically, he was one hour away from meeting with the largest shareholder for dinner. Supposedly this shareholder had just got back from China. He had went over there to see the new expansion."--jump22ace

[mauiguy2]

Pappy, you beat me to it......I was just going to post the same thing. It's been a nice and steady increase with little fanfare.

[pappy]

Quite board but cpqq had a nice increase in pps last week.

[luisalmeidapt]

China Power Equipment Offers Two Amorphous Alloy Sources

http://www.prnewswire.com/news-releases/china-power-equipment-offers-two-amorphous-alloy-sources-99306289.html

[1hothand]

Chinese energy policy

Thanks Joe Stocks

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52518767

[1hothand]

CNBC strategy session. today, Bankers Flock to Beijing


http://www.cnbc.com/id/15840232?video=1549058915&play=1