OTC Bulletin Board S & P Company Insight for CHINA PWR EQUIP
Profile
	Business Summary: China Power Equipment, Inc., through its subsidiaries, designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy core electricity transformers for energy saving electrical power transformers in the People's Republic of China.   Address   6th Floor, Fei Jing International   No. 15 Gaoxin 6 Road Hi-tech Industrial Development Zone   Xi'an , Shaanxi 710065   Phone: 86 29 8831 0282   Fax: 86 29 8831 2081   Website: http://www.chinapower-equipment.com Auditor   Morgenstern, Svoboda & Baer CPAs P.C. Transfer Agent   OTC Corporate Transfer Service Co. Employees:  61 ShareHolders:  50 Founded:  2006 Domicile:  Maryland
Background
	China Power Equipment, Inc., through its subsidiaries, designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy core electricity transformers for energy saving electrical power transformers in the People's Republic of China. Its transformers are used to step down voltage at the final leg of the distribution of electricity to consumers, businesses, and industries. The company offers its products to electricity generation and supply companies, suppliers of electrical equipment, and other electric power transformers manufacturers. China Power Equipment, Inc. was founded in 2004 and is based in Xi'an, the People's Republic of China. History:  INCORPORATED in Maryland May 17, 2006. On Nov. 3, 2006, the company formed An Sen (Xi'an) Power Science & Technology Co., Ltd. (An Sen), a limited liability company organized under the laws of the People's Republic of China (PRC), as a wholly owned subsidiary of the company. On Nov. 8, 2006, An Sen and Xi'an Amorphous Alloy Zhongxi Transformer Co., Ltd. (Zhongxi), a company organized under the laws of the PRC, entered into an agreement granting An Sen the right to manage and control Zhongxi and receive its financial benefits. In exchange for executing the agreement, the company issued an aggregate of 9,000,000 Common shares, of which 8,437,500 shares were issued to the shareholders of Xi'an Amorphous Alloy Science And Technology Co., Ltd. (Alloy Science) representing their 93.75% interest in Zhongxi, and 562,500 shares were issued or reserved for others. Zhongxi was founded on June 29, 2004. Alloy Science, the predecessor to Zhongxi, was formed in June 1999. On Oct. 28, 2006 Alloy Science, Zhongxi and its shareholders entered into an agreement where substantially all of the assets of Alloy Science were transferred into Zhongxi and 93.75% of Zhongxi's Common stock was held for the benefit of Alloy Science and its shareholders.   Subsidiaries: An Sen (Xi'an) Power Science & Technology Co., Ltd.
Management
	Management Officers Position  Yongxing  Song Chairman, President & Chief Executive Officer  Elaine Lanfeng Zhao Chief Financial Officer & Chief Accounting Officer  Judy  Ye Secretary Directors  Yarong  Feng  Junyi  Li  Michael  Segal  Yongxing  Song  Kuen Leung  Sue
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Revenues, Net 23,866,240 9,394,491 EXPENSES Cost of Goods Sold (18,167,770) (7,050,739) Selling, General and Administrative Expenses (1,170,932) (779,350) Stock based Compensation (25,697) - Interest Expense (14,268) (188,110) Interest Income 12,902 3,119 Gains on Investments 89,755 67,505 Other Income 393,224 279,436 Earnings before Taxes 4,983,455 1,726,352 TAXES AND OTHER EXPENSES Provision for Income Tax (763,455) (270,559) Net Income (Loss) 4,220,000 1,455,793 CHARGES ON NET INCOME Preferred Stock Adjustments (9,045,005) (2,193,483) Net Income Available to Common Shareholders (4,825,005) (737,690) SUPPLEMENTARY INFO Gross Profit/loss 5,698,471.00 2,343,752.00 Operating Income (Loss) 4,501,842.00 1,564,402.00 Basic EPS (0.32) (0.07) Diluted EPS (0.32) (0.07)   Balance Sheet   2009 2008 ASSETS CURRENT ASSETS Cash 8,883,188 1,071,038 Accounts Receivable, Net 1,949,818 2,013,305 Inventory-net 363,312 461,634 Prepaid Expenses and Other Receivables 220,939 257,700 Advances to Suppliers - 771,407 Total Current Assets 11,417,260 4,575,084 NON CURRENT ASSETS Property, Plant and Equipment, Net 4,593,068 3,116,422 Long-term Investments 282,897 236,384 Intangible Assets, Net 391,513 220,742 Deposit for Purchase of Equipment 767,858 - Prepaid Capital Lease 111,482 116,694 Deposit on Contract Rights 1,316,328 1,313,064 Accounts Receivable, Related Party 731 97,248 Total Assets 18,881,130 9,675,638 LIABILITIES CURRENT LIABILITIES Accounts Payable 549,065 710,480 Value-added Tax Payable 219,398 64,686 Accrued Liabilities and Other Payables 395,486 409,040 Notes Payable 58,503 58,358 Leases Payable-current Portion 2,156 1,944 Income Taxes Payable 365,751 235,262 Advances from Customers 32,760 142,156 Related Party Payables 1,170 1,167 Total Current Liabilities 1,624,289 1,623,093 NON CURRENT LIABILITIES Leases Payable-non-current Portion 115,463 117,327 Preferred Stock Convertible 4,167 - SHAREHOLDERS' EQUITY Common Stock - Par Value 14,908 14,908 Additional Paid in Capital 21,182,030 7,176,041 Accumulated Deficit (5,728,130) (462,971) Statutory Surplus Reserve Fund 642,819 202,665 Accumulated Other Comprehensive Income 1,025,592 1,004,575 Total Shareholders Equity 17,141,380 7,935,218 Total Liabilities & Shareholders Equity 18,881,130 9,675,638
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 5,750,000   2009   1 2,700,000   2009   2 5,890,000   2009   3 7,890,000   2009   4 7,380,000   2009   Full Year 23,870,000   2008   1 2,330,000   2008   2 2,240,000   2008   3 2,240,000   2008   4 2,590,000   2008   Full Year 9,390,000   2007   1 640,000   2007   2 1,640,000   2007   3 1,940,000   2007   4 2,440,000   2007   Full Year 6,670,000   2006   1 730,000   2006   2 730,000   2006   3 750,000   2006   4 750,000   2006   Full Year 2,970,000   2005   Full Year 1,360,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year 4,220,000   2008   Full Year 1,460,000   2007   Full Year 260,000   2006   Full Year 110,000   2005   Full Year (30,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 .05   2009   1 .02   2009   2 .09   2009   3 .10   2009   4 (.53)   2009   Full Year (.32)   2008   1 .03   2008   2 .02   2008   3 .02   2008   4 (.16)   2008   Full Year (.07)   2007   1 Nil   2007   2 .01   2007   3 (.01)   2007   4 .02   2007   Full Year .02   2006   1 .01   2006   2 .01   2006   3 (.01)   2006   4 (.01)   2006   Full Year .01   2005   Full Year Nil
Stock Data
	Capitalization as of 12/31/2009:     Authorized Shares Outstanding Shares Preferred $0.001 par 10,000,000 4,166,667so1 Common $0.001 par 100,000,000 14,908,313   LONG TERM DEBT: $115,463.   Common $0.001 par   Stockholders:  03/29/2010, 50. Transfer Agent:  OTC Corporate Transfer Service Co.   Jericho , NY   OTC Bulletin Board( Primary): CPQQ   Exchange Year High Low OTC Bulletin Board 2009 4.4000 0.2500   DIVIDENDS: Common $0.001 par: No cash.       so1Closely held. Consists of Cl. B, each of which is convertible into one Common share.