New Energy Systems Group. (NYSE:NEWN)
About New Energy Systems Group. New Energy Systems Group, formerly China Digital Communication Group, operates its business through its wholly owned subsidiaries: Billion Electronic Co., Ltd. (Billion), Galaxy View International Ltd. (Galaxy View) and Anytone International (H.K.) Co., Ltd. (Anytone International). Through Shenzhen E'Jenie Technology Development Co., Ltd. (E'Jenie), the Company manufactures and distributes lithium battery shells and related products primarily in China. Based upon specifications from its customers E'Jenie develops, customizes and produces steel, aluminum battery shells and aluminum caps. On December 7, 2009, the Company acquired Anytone International (H.K.) Co., Ltd. and its wholly owned operating subsidiary Shenzhen Anytone Technology Co., Ltd. (Shenzhen Anytone).
52 week range
$4.60 - $9.35
Financials New Energy Systems Group. (NYSE:NEWN)produced total revenue of $26.36 million which is slightly greater than last quarter’s revenue of $23.41 million. However, operating and net income both have increased which led to increasein EPSof current quarter. The company’s cash flow from operations stood at $11.49 million which is greater than last quarter ended cash flow of $6.48 million. Increased CFOshows that company has generated more cash than its expenses. According to present quarter’s ending financials as on September 30th, 2010, Company’s total assets mount up to $80.14 million. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $16.12million and $64.02million respectively.
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Published on Jan 7, 2011
New Energy Systems Group. (NYSE:NEWN) About New Energy Systems Group. The company’s cash flow from operations stood at $11.49 million which...