China Power Equipment, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company's net revenues increased 19.6% to $9.3 million compared to $7.8 million a year ago, primarily attributable to increased sales of amorphous alloy cores and high capacity amorphous alloy transformers. Net income increased 49.5% to $1.4 million or $0.06 in diluted EPS compared to $1.0 million or $0.04 per diluted EPS a year ago, despite the higher operating income was offset by higher income taxes. For the year, the company's revenue, net was $37,001,893 compared to $29,657,846 a year ago, primarily attributable to higher tonnage of amorphous alloy cores sold, offset in part by lower average selling prices of amorphous alloy cores. Net income from operations was $7,152,128 compared to $6,256,170 a year ago. Net income before income taxes was $7,203,107 compared to $6,603,538 a year ago. Net income was $5,925,981 or $0.25 per diluted share compared to $5,496,145 or $0.25 per diluted share a year ago. Net cash provided by operating activities was $6,296,412 compared to $6,719,135 a year ago. Addition in plant and equipment was $2,057,209 compared to $2,534,692 a year ago.