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They are making lots of Money!
and only just getting started
China Wind Systems, Inc. Reports Fourth Quarter and Fiscal 2008 Results
--WUXI,
Last update: 9:06 p.m. EDT March 31, 2009
WUXI, Jiangsu, China, March 31, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ -- China Wind Systems, Inc. (CWSI:china wind systems inc com
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Last: 0.50+0.12+31.58%
3:54pm 03/31/2009
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CWSI 0.50, +0.12, +31.6%) , ("China Wind Systems" or the "Company"), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.
Fourth Quarter 2008 Highlights and Recent Events
-- Net revenues increased 39.0% year-over-year to $10.9 million
-- Gross profit increased 15.7% year-over-year to $2.7 million
-- Net income increased 61.6% year-over-year to $1.5 million, or $0.02 per
diluted share, from net income of $0.9 million, or $0.02 per diluted
share, in 2007
-- Revenue from the sale of forged products for the wind power and other
industries was $5.0 million, or 45.5% of net revenues, of which $1.6
million, or 14.7% of net revenue, is from the wind power industry.
Full Year 2008 Highlights
-- Net revenues increased 73.2% to $42.3 million
-- Gross profit increased 49.5% to $10.5 million
-- Operating income increased 42.4% to $8.1 million
-- Adjusted non-GAAP net income was $5.8 million, or $0.09 per diluted
share, up 62.9% year-over-year and excludes the impact of a $2.9
million non-cash preferred deemed dividend from the issuance of stock
warrants upon conversion of convertible debt into series A preferred
stock and $2.3 million in amortization of debt discount and debt
issuance costs
-- Revenue from the sale of forged products for the wind power and other
industries was $17.5 million, or 41.4% of net revenue, of which $6.9
million (15.9% of net revenue) was from the wind power industry.
-- Completed installing equipment at new 40,000 ton-capacity facility in
Wuxi City and began equipment test runs
-- Signed several preliminary agreements with new and existing wind-power
and heavy machinery customers to supply forged products in 2009
-- Appointed Leo Wang as CFO
The future is around the corner!
Tick Tock!
last call all Aboard!
Can you smell $8.00 no $10.00 no....
Coal first, Solar then Alt fuels IMO!
GLTA!
PLEASE Watch the Video and do DD!
This will be the 2009 ESSO story IMO.
THis company can not hide from the public so if you are tired of the mystery Please get on board. No phone calls and insiders here just forward we go IMHO.
I am with you if my Son does not bring them to his school then I will bring them to my Plant to Demonstrate the system and post picures here. I do not take my stocks lightly when I am in I am in. Either way they will be by me soon and i can update.
This thing works! My main air compressor has a simular system and saves us about 20% per year in Electricity costs.
They have already proven their worth
They have sucessfully used the unit at oil wells in Texas. The oil wells need lots of water to push the oil out of the wells. In that area they have to truck in one tanker at a time to keep the water flowing (very expensive) Neo sets up and cleans the water so it can be realeased or reused to save them tons of money. In return Neo get a fee per gallon. It all works! IMO
They already have OIL and..
are working with another company to bring up more with a share agreement. Watch the BRT charts in the I box. As it rebounds so goes PLLL the value of their reserves only will increase in value in the future IMHO!
Agreed! and we will hear soon IMO!
There is no bad news here IMO
No mystery story just waiting on the real news!
I will keep you all updated as it rolls in.
Anyone called him Lately I did!
On Sat looking over my Port $5600 here!
I bought 3 times to get there. I believe this will prove out over time and sooner then we think. Crossing my fingers on bent Glass outcome. Or maybe Ray just buys us out at $10.00 a share WEEEEEE.
31% peeps wind is in our favor!
Flat day but it will come IMO!
I believe they will be reporting news sales soon as they have in the past. I just hope their Govt contracts continue to grow.
HGUE waiting on you...
Watch the video if you look at their agressive benchmark calender posted in their 8k and 10k this should run on the news IMO Still has low share count and is fully reporting
It starts!
Added 10,000 @.075 but just starting
Added 1500 this morning
Waiting on other orders to clear so i can buy more
TRIXXX great to have you! I agree this is a very exciting stock. The company is very real and your post hits it right on the head! Thanks
PIZZA no problem! Running like my Nova!
$5.00 easy money here! Bring it!
News is so capped. This will not make the courts IMO
JPM will settle before then. We all win!
Only 38M out easy money! IMO
Like hands on LOL It will Jump Soon!
Mondays just arround the corner!
Big upside here if you dare GLTA
73 Nova 500+hp just like GT legend!
I am 50 but love the ride. It gets me going every time I nail it. GT will jump out of the hole just like my Nova and leave everybody saying DAMN what did I miss! IMO
The point is to get our children off the line
We have drones that are proven and now we are working on robots that do not need our children to follow them. We should applaud their efforts IMHO
lets get this thing started!
Easy double on good news IMO
Need some right here!
SYMX and RRLB both locked and loaded IMO!
April 1 will bring good news IMO
Great! Did you watch the video?
It is really exciting for the future
Smart move
You asked if they were in production yet so I read thru their 8Ks and 10ks again. They are a very young company. They have a very agressive benchmark calender to keep up with to maintain their relationship with Rice University and the Inventor Dr Wong. I believe they will meet their benchmarks and will grow rapidly as a company and in PPS. Right now I will have to wait for Monday to call them. I do believe they are taking preorders for their cells and would most likley offer a great price if you could wait since they are an upstart company right now.
Do you have a website?
Have I seen you on U-TUBE?
I remember a video about an Algae farm showing vertical tubes and lots of pipe.
Here is the contact information
Phone: 604.569.3184 Ext. 103
Email: Info@SolterraSolarCells.com
They should be able to help you
Thanks I fixed the dot.com
looks like producton 1.00/watt so..
They are saying about 3.29 installed right now
Still researching they have a low A/S and funding
The product is unique and should blow the doors off of the solar market. I will check the charts and let you know
Working on I-BOX i am geting a chunk of this Monday to start my position
Invest or not to Invest? That's the question!
I've been researching this one company for several weeks now and it is not on anyones radar screen. New companies with the right chemistry and management blossom into one of those companies that raise the phrase, "If only I knew". Well consider yourself advised and do your DD. This emerging market leader and a company with unique value propositions to set it apart is HGUE - Solterra Renewable Technologies, Inc..
This is an innovative company playing a significant part developing the next generation of what I call the Flexible Solar Power Industry (FSPI). Solterra has extraordinary potential given the product applications address medical industry needs as well and are not limited to just the solar arena. This company is the only public traded company with their innovative technology that private investors can get involved with trading. Heliovolt, Nanosolar and Kanarka are private companies with state of the art equipment with less of a quality Quantum Dot and have received massive institutional funding.You can reap the rewards in the future by investing in Solterra today. Solterra is a viable company that I checked out when I was in Phoenix for my daughters wedding on 2-14-09. I needed to confirm the reality and feasibility of this company, I work too hard for my money to throw it away. Solterra which is run by Mr. Squires moved into the ASU Research Park in January. The building they are in is the MacroTechnology Works housing the Flexible Display Center at 7700 S River Parkway. Their head researcher, Dr. Ghassen Jabbour has plenty of lab space to work in. I met Dr. Ghassen Jabbour in the lobby on his way out to teach class. The only research question I had time to ask was associated with the efficiency of Quantum Dots. They are progressing quickly in this area to be able to match that of Konarka but with a much better quality quantum dot and at a cost much more economical to produce. They have made great strides towards developing their infrastructure to go commercial. Having worked in the startup phase for several Nuclear power plants I know the execution of a new company business plan does not materialize without issues no matter how well it’s planned, nor does it happen overnight. I know Phoenix Alliance Corporation (PAC) is aiding/directing the current stage of activities since that is their business. Also paper work was filed for a name change dropping Hague. Since no info has been published lately an update on progress development should be forthcoming soon. The Quantum Dots being stable and reproducible at a significant cost reduction of around 90% is the foundation from which they are building on, and a solid foundation it is. The beauty of this is the application of the Quantum Dot to produce the flexible solar sheet is by a modified ink jet printer!!! Solterra’s QD ink for jetting machinery is one of the innovative developments for the next generation of low cost efficient power, and the beginning of the Flexible Solar Power Industry to replace the silicon wafer-based solar cell industry. This is the next generation of low cost efficient power. BILLIONS will be allocated and made during the transition from oil to alternative energy sources and Solterra will be one of the significant contributors. In light of the recent political changes SOLAR has become the main stream choice since the Nuclear path has been set back with the closing of Yucca Mountain as a depository for waist fuel and the postponing of new construction. Wind power is not economical on a cost basis and startup costs are more than fossil fuel generators. Besides from noise and eye pollution the blades are an environmental hazard to the birds, when the wind is blowing. Hydrogen fuel cells and ocean waves - that stuff is a long way off before it can be widely used, and most of the companies developing the technologies are small and hard to invest in. Solterra is on the way to being the market leader by executing their vision and plan into a realization that will benefit the environment and those that invest. The question remains yours to answer!