CHINA WIND ENERGY INC. Financials

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CHINA WIND ENERGY INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis or Plan of Operation We are a development stage company with limited operations and revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional financing to fund our operations. Our only source of cash at this time is investments by others in our company. Forward-Looking Statements This report contains forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including, "could" "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this Prospectus. Liquidity and Capital Resources As of July 31, 2009 we had cash of $65,233, total current assets of $1,730,951, total current liabilities of $4,365,158 and a working capital deficit of $2,634,207 compared to a working capital deficit of $7,002,730 as of July 31, 2008. The decrease in working capital deficit was due to an increase in accounts receivable associated with the transfer of our land use rights in Harbin City, together with a decrease in liabilities due to the...
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CHINA WIND ENERGY INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs and the risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our consolidated financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein. Overview China Wind Energy Inc. (the "Company", "China Wind", "we", "our", "us") was incorporated in Nevada on May 8, 2006. Prior to November 20, 2007 we were a shell company with only nominal assets and operat...
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CHINA WIND ENERGY INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our consolidated financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein. Overview China Wind Energy Inc. (the "Company", "China Wind", "we", "our", "us") was incorporated in Nevada on May 8, 2006. Prior to November 20, 2007 we were a shell company with only nominal assets and operations....
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CHINA WIND ENERGY INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview We were incorporated in Nevada on May 8, 2006. Prior to November 20, 2007 we were a shell company with only nominal assets and operations. On November 20, 2007 we completed a reverse merger transaction with China Wind Energy Ltd., a Hong Kong company ("China Wind HK"). The closing of this reverse merger transaction resulted in: a) the acquisition of China Wind HK and its wholly owned subsidiary XingYe Wind Energy Technology Limited ("XingYe"), with both becoming our wholly owned subsidiaries; b) Jian Ren becoming the holder of 81% of our issued and outstanding common stock; c) the appointment of Jian Ren as our President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and sole director, to replace our former sole officer and director; and d) the changing our fiscal year end from October 31 to July 31 in order to adjust to the fiscal year end of our subsidiary, China Wind HK. On December 5, 2007 we filed a certificate of change to effect a 5 for 1 forward split of our common stock. This forward split increased the number of issued and outstanding shares of our common stock and the number of authorized shares of our common stock on a basis of five new shares for every one existing share, and resulted in an increase in the number of issued and outstanding shares of our common stock from 7,377,450 to 36,887,250, and an increase in the number of authorized shares of our common stock from 80,000,000 to 400,000,000. On May 16, 2008 we entered into a share exchange agreement with Power Profit Technology Development Limited, a Hong Kong company ("Power Profit"), and Wan Yi Tse, the holder of 100% of the issued and outstanding share capital of Power Profit. The closing of this share exchange agreement on May 26, 2008 resulted in: a) the acquisition of 100% of the...
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CHINA WIND ENERGY INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis or Plan of Operation We are an exploration stage company with limited operations and no revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional financing to fund our operations. Our only source of cash at this time is investments by others in our company. Forward-Looking Statements This report contains forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including, "could" "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this Prospectus. Liquidity and Capital Resources As of July 31, 2008 we had cash of $80,348, total current assets of $1,271,615, total current liabilities of $8,274,345 and a working capital deficit of $7,002,730. Since November 27, 2006 (inception) to July 31, 2008, our accumulated deficit was $401,624. We are dependent on the funds raised through our equity or debt financing, investing activities, and revenue generated through the sales of our products to fund our operations. We ...
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