$2.8$5.$0.8$3.3
$-$2.0$4.0$6.0$8.0$0.0$2.0$4.03 months203 months2009 months209 months200
Ticker (NASDAQ): CLNTPrice (/30/20): $0.25Market Cap: $5. milRevenues (TTM): $64.3 milNet Income (TTM): $8. milDiluted Shares Outstanding: 20.2 milDiluted EPS (TTM): $0.32P/E (TTM): 0.8xP/S (TTM): 0.x
World Class Provider of Precision Forged and FabricatedSolutions
- Cleantech Solutions has over fteen years of operational,engineering and technical experience in delivering superior quality andhigh performance forged products, precision components and assemblies.The Company manufactures shafts and forged rolled rings for gear rims,anges and other applications for use in wind power generation andother industries. In 2010, the Company designed and manufactured newproprietary dyeing equipment - a high (low) temperature airow dyeingmachine, which is energy-efcient, low emission, and is environmentallyfriendly for the textile industry.
ISO 900 Compliant Advanced Manufacturing Facility
- Cleantech
Solutions’ production facilities are based in Jiangsu province, which isone of the six key locations for wind power development in China. Theproximity to major transportation systems such as the Yangtze DeltaArea, the Grand Canal of Jinghang, the Huning Railway line, andNational Highway 312 enables the Company to supply its productsto customers at a relative cost advantage. Cleantech Solutions employsaxial close-die forging technology, which reduces the use of rawmaterials by as much as 35%, provides high precision and surfaceatness, reduces the cutting output, has excellent mechanical strengthand high exibility, and is a fully automatic operation. The Company’sproduction facilities are ISO 9001 certied and its rigorous internal qualitycontrol process exceeds the quality requirements of its customers.
China Encourages Wind and Solar Energy Industries Under the2
th
Five Year Plan
- China is facing energy safety and pollution
challenges resulting from its heavy dependence on fossil fuels. Toachieve China’s environmental goals, including reduction of CO2emissions and increased use of non-fossil fuels, China has listed windenergy and solar energy among the top seven priority industries in its12th ve year plan. China is expected to achieve 30GW in solar installation
KEY INVESTMENT HIGHLIGHTS
COMPANY DESCRIPTION
- Cleantech Solutions International, Inc. (“Cleantech Solutions” or “the Company”) (NASDAQ: CLNT) is amanufacturer of technically advanced metal components and assemblies, primarily used in clean technology industries. The Company isheadquartered in Jiangsu Province, China and supplies forging products, fabricated products and machining services to a range of cleantechnology customers globally. The Company’s customer base includes well-known global and domestic players in the wind and solar energyand other clean technology industries. Cleantech Solutions is committed to achieving long-term growth through ongoing technologicalimprovements, capacity expansion and strategic partnerships.
Revenue GrowthNet IncomeEBITDA *
by 2020 from 1.5GW in 2010 and is expected to invest $200 billion inwind turbine components and projects through 2020. Cleantech Solutionsis favorably positioned to benefit from the series of environmentalpolicies introduced by the Chinese government which encourages theuse of energy-efcient, low emission, and environmentally friendlyequipment by the textile industry.
Leveraging Technical Expertise to Enter the Solar EquipmentManufacturing Industry
- In recent years, Cleantech Solutions hasstrategically shifted its focus towards delivering solutions to the cleantechnology industries in China and internationally. In 2009, the Companytransitioned from manufacturing dyeing equipment for the textile industryto focus on the manufacturing of forged rolled rings and other productsfor the wind power industry. In November 2010, the Company beganleveraging its technical expertise beyond the wind energy sector topenetrate the solar and other clean energy industries. In 2011, CleantechSolutions made considerable progress in establishing its presence in thesolar industry and has received positive feedback and receivedsubsequent large scale orders from its customers. The Company iscurrently targeting international markets to take advantage of cleanenergy policies in North America and Europe.
Compelling Growth Strategy Focused on Developing NewClean Technology Products
- In the longer term, CleantechSolutions intends to expand its expertise to include the production of sapphire growth systems for the rapidly growing and governmentsupported LED lighting industry. The LED industry presents an attractivelonger-term growth opportunity in the domestic as well as internationalmarkets. The Company also continues to advance its efforts to developand implement next-generation low energy consumption and highheating efciency features to its dyeing equipment models.
$42.3$53.5$79.5$4.9$57.
$-$20.0$40.0$60.0$80.0$00.0200820092009 months209 months200
$3.5$7.6$.$5.0$7.9
$-$2.0$4.0$6.0$8.0$0.0$2.0200820092009 months209 months200
* Refer the Company’s earnings release dated Nov 14,2011 for reconciliation of EBITDA to GAAP Net Income
(in million) (in million) (in million)
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