Detail akcie Shengkai In online

Business Summary: Shengkai Innovations Inc is a company primarily engaged in the design, manufacture and distribution of ceramic valves. The Company’s main products include gate valves, ball valves, back valves, adjustable valves, cut-off valves, special valves and other products. The Company is also engaged in providing services related to industrial ceramic valves, including manufacture, installation and maintenance of general industrial ceramic valves, as well as the design and manufacture of various non-standard ceramic valves as required by customers’ special operating conditions. The Company conducts its business in the domestic and overseas markets.
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.