naikun wind energy group inc (NKW) Snapshot

NaiKun Wind Energy Group Inc. announced earnings results for the Second Quarter ended March 31, 2013. For the quarter, the company continued to explore ways to forward the company's project while controlling its costs. A substantial restructuring was undertaken in the third quarter of fiscal 2010 and the company has maintained both the expense profile and the strategic efforts as laid out by the Board of Directors. The company remains confident that this direction represents the best available opportunities to support the advancement of the project and maximize shareholder value. For the three months ended March 31, 2013, the company incurred a net loss of $0.4 million or $0.01 per share, compared to $0.6 million or $0.02 per share for the three months ended March 31, 2012. The company provided earnings guidance for the fiscal year 2013. For the year, the company expects cash operating expenditures to be approximately $1.5 million. On this basis, the company has sufficient financial resources to sustain operations into 2015 and beyond.

Naikun Wind Energy Group Inc. announced financial results for the first quarter ended December 31, 2012. For the period, the company incurred a net loss of $0.3 million or $0.01 per share compared to $0.6 million or $0.01 per share for the three months ended December 31, 2011.

Naikun Wind Energy Group Inc. reported earnings results for the fiscal year ended September 30, 2012. For the fiscal year ended September 30, 2012, the company incurred a net loss of $2.4 million or $0.06 per share, compared to $2.5 million or $0.06 per share for the year ended September 30, 2011. For fiscal 2013 the company has budgeted cash expenditures of $1.2 million which, given the company's existing cash position, could sustain operations into 2015 and beyond.