Sharing Economy International Inc (SEII)

[ddabetsmallwinbig]

China Wind Systems, Inc. Reports Third Quarter 2008 Results
Third Quarter 2008 Highlights and Recent Events
-- Net revenues increased 47.1% year-over-year to $11.8 million
-- Gross profit increased 24.8% year-over-year to $3.0 million
-- Net income was $1.9 million, or $0.03 per diluted share, up 35.7% year-
over-year from adjusted net income of $1.4 million, or $0.04 per
diluted share
-- Revenue from the forged rolled rings for the wind power and other
industries increased to $5.3 million, or 44.7% of net revenues
-- Revenue from the sale of forged rolled rings for use in the wind power
industry reached $2.5 million, up 47.1% from the second quarter of 2008
-- Completed installing equipment for first phase of expansion plan to
increase production of forged products used in wind-turbine components
-- Signed letter of intent to supply shafts and gear rims to Hangzhou
Advance Gearbox Group, Co. Ltd.
-- Signed preliminary agreements to supply approximately $18 million of
forged products for use in the wind power and other industries.

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