OTCPicks Featured Company: China Wind Systems, Inc. (CWSI.OB) Announces First Quarter 2008 Financial Numbers
China Wind Systems, Inc. (OTCBB: CWSI) recently announced their financial figures for the first quarter ended March 31, 2008. The company operates, through their wholly owned subsidiaries and variable entities, manufactures and sells industrial machines for use in the textile and energy-related fields in the People's Republic of China. For the first quarter of 2008, net revenue totaled $8.4 million, an increase of 104.6% in the same period of last year. The rise of revenue resulted from an increase in both the dyeing and finishing equipment and electric power equipment. Revenues in the electric power equipment sector increased to $3.8…