China Wind Systems (NASDAQ:CWS)

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Monday, February 22, 2010

China Wind Systems reported preliminary 2009 year end results this morning. The company did not provide fourth quarter figures. So we will take the liberty to do this task for them.

4th Quarter 2009 vs. 2008 Financial Snapshot Ended December

	4th Quarter 2009	4th Quarter 2008
GAAP Revenue	$15.8 million	$10.9 million
Company Supplied Non-GAAP EPS	$0.11	$0.06

FULL YEAR 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED December

	Full Year 2009	Full Year 2008
GAAP Revenue	$53.4 million	$42.3 million
Non-GAAP EPS ^a	$0.34	$0.27

Source: PR Newswire (February 22, 2010)

It appears that China Wind Systems met fourth quarter analyst EPS estimates. We expect to attain color on 2009 and 2010 outlook when the company files its 10K

^a Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

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