SHENYANG, China, March 29, 2013 /PRNewswire/ -- NF Energy Saving Corporation. (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 fiscal year ended December 31, 2012.
2012 Annual Results Highlight:
- For the fiscal year ended December 31, 2012, the total revenues were $9.27 million.
- Gross profit was $1.84 million for the fiscal year ended December 31, 2012.
- Net income was $0.08 million for the fiscal year ended December 31, 2012.
"With the relocation ended in August, 2012, the Company has brought the whole production line back for regular operation. According to the contracts received and under negotiation as well as progress in production financing, the Company's manufacturing capacity and sales level should reach the normal level before relocation," said Mr. Gang Li, Chairman of the Company.
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
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