China Wind Systems, Inc. (CWSI.OB) Flies High on Strong Earnings Report
China Wind Systems, Inc. has received a great deal of attention of late, following the release of favorable first quarter financial results. The company, through its wholly-owned subsidiaries, manufactures and sells equipment for use in the textile and energy industries. Having recently shifted focus to supplying products to the rapidly expanding Chinese wind-energy sector, China Wind Systems is cashing in on the production of rolled rings and shafts used in wind turbine generators. For the quarter ended March 31st, 2008, the company reported increased total revenues of $8.4 million dollars; 104.6 percent higher than the $4.1 million posted in the…
