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Cleantech Solutions International, Inc. (NASDAQ:CLNT), formerly China Wind Systems, Inc., operates in two segments: the forged rolled rings and related products segment, in which it manufactures and sells high-precision forged rolled rings for the wind power and other industries, and the dyeing and finishing equipment segment, in which it manufactures and sells textile dyeing and finishing machines. Through the Company's forged rolled rings and related products division, it supplies precision-forged rolled rings and other forged components to the wind industry. These components are used in wind turbines, which are used to generate wind power.

At a glance, the company appears to be making some real profits. At this point, the average volume of this stock is sky rocketing as the earnings apparently came as a surprise to many shareholder. Lets take a look at the financials below.

View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Total Revenue 13,728 11,677 12,608 17,566
Cost of Revenue 10,659 9,046 9,557 13,014
Gross Profit 3,069 2,631 3,051 4,553
Operating Expenses
Research Development - - - -
Selling General and Administrative 1,234 913 1,029 832
Non Recurring - - - -
Others 607 85 340 81
Total Operating Expenses - - - -
Operating Income or Loss 1,227 1,633 1,682 3,640
Income from Continuing Operations
Total Other Income/Expenses Net 25 13 67 8
Earnings Before Interest And Taxes 1,252 1,646 1,749 3,648
Interest Expense 71 60 33 30
Income Before Tax 1,181 1,585 1,716 3,618
Income Tax Expense 391 450 546 953
Minority Interest - - - -
Net Income From Continuing Ops 790 1,135 1,170 2,665
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 790 1,135 1,170 2,665
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares 790 1,135 1,170 2,665

Currency in USD.

This stock just started ripping intraday, and is currently up an interesting 73%. Traders and investors expect the stock to go higher, but who knows. All we are doing in bringing it to your attention and showing you the chart which could retrace before possibly going higher because the share structure is so small. Check it out.

Source: Are Cleantech Earnings Worth A Second Look?