Detail akcie Shengkai In online

Business Summary: Shengkai Innovations, Inc. (SKII), through its subsidiaries and affiliates, is in the business of manufacturing and sale of industrial ceramic valves and components in the People’s Republic of China (PRC). The Company is a holding company of Shen Kun International Limited (Shen Kun). Shen Kun holds 100% of the equity interests in Shengkai (Tianjin) Limited (SK WFOE), a wholly foreign owned enterprise organized under the laws of the PRC, which, in turn, through contractual relationships, controls the business of Tianjin Shengkai Industrial Technology Development Co., Ltd. (Tianjin Shengkai), a PRC company that designs, manufactures and sells ceramic valves. Shengkai (Tianjin) Trading Ltd. is primarily engaged in the international trading of non-valve products to serve the Company’s international customers.
Financial Summary: BRIEF: For the nine months ended 31 March 2013, Shengkai Innovations Inc revenues decreased 57% to $11.6M. Net loss totaled $3.1M vs. income of $2.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects FV of Instrument decrease from $1.8M (income) to $107K (expense), Research and Development increase from $621K to $2M (expense), Interest Income.