NF Energy Saving Corporation Announces 2012 Third Quarter Financial Results
SHENYANG, China, Nov. 13, 2012
SHENYANG, China, Nov. 13, 2012 /PRNewswire/ -- NF Energy Saving Corporation.
(NASDAQ: NFEC) ("NF Energy" or the "Company"), a leading energy saving
services and solutions provider for China's power, petrochemical, coal,
metallurgy, construction, and municipal infrastructure development industries,
today reported financial results for the three and nine months ended September
2012 Third Quarter Results Highlight:
oFor the three and nine months ended September 30, 2012, the total revenues
were $1,747,469 and $6, 248, 464, respectively.
oFor the three and nine months ended September 30, 2012, the gross profit
was $300,243 and $1,230,532, respectively.
oFor the three and nine months ended September 30, 2012, the net income was
$1,016 and $19, 981, respectively.
Speaking on behalf of the company, Mr. Gang Li, Chairman, said: "The
construction of our new manufacturing facility will be fully completed by the
end of this year. The impact of moving will be also gradually declined. As a
result, I believe that revenue will increase commensurate with the increase in
production. In addition, the Company's annual meeting will be held in on
December 20 in Tielin city, Liaoning province, PRC. As the chairman of the
Company, I invite every shareholder who can to visit our new business park.
We will try our best to increase our market share in order to provide a better
return to our shareholders."
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: NFEC) is a China-based provider of
integrated energy conservation solutions utilizing energy-saving equipment,
technical services and energy management re-engineering project operations to
provide energy saving services to clients. The Company's customers are mainly
concentrated in the electrical generation (large-scale thermal power
generation, hydroelectric power, and nuclear power), water supply, and heat
supply industries. The majority of revenues are from energy efficient flow
control solutions including equipment and energy efficiency project services.
For more information, visit http://www.nfenergy.com
Safe Harbor Statement
The statements contained herein that are not historical facts are considered
"forward-looking statements." Such forward-looking statements may be
identified by, among other things, the use of forward-looking terminology such
as "believes," "expects," "may," "will," "should," or "anticipates" or the
negative thereof or other variations thereon or comparable terminology, or by
discussions of strategy that involve risks and uncertainties. In particular,
statements regarding the efficacy of investment in research and development
are examples of such forward-looking statements. The forward-looking
statements include risks and uncertainties, including, but not limited to, the
effect of political, economic, and market conditions and geopolitical events;
legislative and regulatory changes that affect our business; the availability
of funds and working capital; the actions and initiatives of current and
potential competitors; investor sentiment; and our reputation. We do not
undertake any responsibility to publicly release any revisions to these
forward-looking statements to take into account events or circumstances that
occur after the date of this report. Additionally, we do not undertake any
responsibility to update you on the occurrence of any unanticipated events,
which may cause actual results to differ from those expressed or implied by
any forward-looking statements. The factors discussed herein are expressed
from time to time in our filings with the Securities and Exchange Commission
available at http://www.sec.gov.
SOURCE NF Energy Saving Corporation
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