DALLAS, July 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Xinde Technology Co. (OTCBB:WTFS). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/WTFS
Xinde Technology Co. (WTFS) engages in the design and manufacture of internal combustion engines and parts mainly for the $100 billion diesel engine and parts market in China. It operates in three primary product segments: fuel injection system products, diesel engine products and generator products. WTFS offers a broad range of products, including non-vehicle diesel engines, diesel generators, injection pumps, injectors and three-coupling components, agricultural machinery and construction machinery. WTFS generated $123 million in revenues for its fiscal year 2010 and its production volume has been growing about 30% annually.
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In the report, the analyst notes:
"WTFS shares have rallied after the Company announced that a new performance enhancing design breakthrough it developed has been tested thoroughly in cooperation with Tianjin University."
"WTFS posted revenues of $27.60 million for the quarter ended March 31, 2011, a 3% increase from the comparable quarter a year ago, reflecting increased sales of diesel engines as a result of product structure adjustment."
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