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NF Energy Saving Corporation Announces 2012 Third Quarter Financial Results

Stocks in this article: NFEC

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 30, 2012.

2012 Third Quarter Results Highlight:

  • For the three and nine months ended September 30, 2012, the total revenues were $1,747,469 and $6, 248, 464, respectively.
  • For the three and nine months ended September 30, 2012, the gross profit was $300,243 and $1,230,532, respectively.
  • For 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

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