GC China Turbine Corp. (GCHT)

[BiotechValues]

More on Q4 numbers- should be very big...if they were telling the truth

Q4 should be very big for GCHT IF what they stated back in November was accurate.

According to the q3 pr and filing, for the 9 months of 2010 they had sold 47 (out of the 100 units they said they were on track for in 2010)...leaving revenue from 53 units for q4 alone.

GCHT had to push back revenue from 23 units from q3 to q4 due to a customer that had not finished the ground prep for the installation and could not take delivery. They then pr'd in December that those units had in fact been delivered, and that revenue from them would be counted in q4. Then they had another 30 units still slated for delivery in q4 in addition to those 23 units. All revenue should be accounted for in q4- and as of 11/15/2010, they state they were on track to meet the 100 unit goal. Again- this would leave revenue from 53 turbines to be counted in q4.



2011 outlook from November sounds strong with 50-100% growth in turbine sales over 2010:

"Our customers and demand for our turbines, are both strong, and growing. We are very upbeat about our outlook for 2011, and, based on our current pipeline of business, we expect to ship a range of 150 to 200 turbines next year"

http://www.gcchinaturbine.com/news/news.aspx?nrnum=323

Auditor is Deloitte Touche Tohmatsu