China Power Equipment, Inc. reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net income of $6,407,072 or $0.27 per diluted share on revenue, net $36,768,911 compared to $5,925,981 or $0.25 per diluted share on revenue, net $37,001,893 for the last year. The company reported net income from operations of $7,689,006 compared to $7,152,128, net income before income taxes of $7,747,981 compared to $7,203,107, net cash used in operating activities of $1,255,737 compared to net cash provided by operating activities of $6,296,412 and addition in plant and equipment of $12,954 compared to $2,057,209 for the last year.

The net cash used in operating activities was primarily due to the net income, reduced by unfavorable changes in working capital.