BEIJING ( TheStreet) -- New Energy Systems (NEWN.OB) announced Friday record revenues and EPS for the quarter ended March 31. In comparison to last year, revenues increased 753% and gross profit increased by more than 800%. EPS increased by more than 300%.How did the stock react? It fell by nearly 4% on moderate volume solely due to the overall negative sentiment in the market. Contrast this to China Wind Systems (CWS) which was lucky enough to announce very positive guidance on a strong day in the market. The stock jumped as much as 25% as investors cheered the results and the strong market further fueled the upswing.
China Stocks: Price vs. Fundamentals
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