(EMAILWIRE.COM, May 17, 2008 ) BeaconEquity.com announces the publication of ‘China Wind Systems Inc. (CWSI) Announces 105 Percent Increase in Q1 2008 Revenues at $8.4 Million’
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China Wind Systems Inc. (CWSI) Announces 105 Percent Increase in Q1 2008 Revenues at $8.4 Million
The bottleneck of manufacturing and industrial operations is the requirement of efficiency in the functions of equipment and machineries to effectively operate businesses. With research and development (R&D) efforts exposing means to improve products and services, machineries execute operational programs and enhance the R&D efforts, which aid companies to strategically position themselves in the market.
China Wind Systems Inc., through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, manufactures and sells industrial equipment for use in the textile and energy related industries in China. Since August 2007, the company has shifted its strategy to focus on the growing wind energy industry in China, and has begun to supply high precision rolled rings to companies in the wind power energy industry.
China Wind Systems shares climbed 32 percent in today's trading following the announcement that total revenue for the first quarter of 2008 reached $8.4 million, up 104.6 percent from $4.1 million in the three month period ended March 31, 2007. This was driven by increases from both segments: dyeing and finishing equipment and electric power equipment.
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com
