Seeking Alpha

QualityStocks'  Instablog

Send Message
QualityStocks ( assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • China Wind Systems Inc. (CWS) Posts Positive Guidance for 2010 Based on Anticipation of Increased Demand 0 comments
    May 13, 2010 1:50 PM | about stocks: CLNT
    China Wind Systems Inc., a leading supplier of various forged components primarily to the wind power and textile industries in China, today announced guidance for fiscal year 2010, posting its expectation for significant increases.

    The Company said it expects 2010 revenues between $76.5 million and $85 million, a 43 percent to 59 percent increase from $53.5 million reported in fiscal 2009. EBITDA is expected to range between $22.7 million and $25.2 million, representing a 106 percent to 129 percent increase compared to $11.0 million reported in fiscal 2009. Adjusted net income, which excludes non-cash expenses related to convertible securities and warrants, is anticipated to be between $15.5 million and $16.3 million, representing an increase between 99 percent and 109 percent, compared to $7.8 million reported in fiscal 2009.

    China Wind Systems is basing its guidance on anticipation of stronger demand for both its traditional forged products and ESR forged products in 2010; company management also expects stronger sales of precision forged products used in large wind turbines, with revenue from its wind industry segment expected to increase by approximately 75 percent.

    Additionally, the company said it expects its dye machine segment to recover in 2010 on the tail of the industry’s recovery in early 2010.

    “We are pleased to see a healthy flow of customer orders in early 2010,” Jianhua Wu, chairman and CEO of China Wind System stated in the press release. “As our forging facility becomes more efficient, we anticipate improvement in our profit margins. We believe we have the right strategy in place to cater to the rapidly growing wind power industry in China.”

    For more information visit

    Please see disclaimer on QualityStocks website:

    Disclosure: NO POSITIONS
    Stocks: CLNT
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.