SHANGHAI – Worldwide Energy and Manufacturing USA announced record first quarter revenue and net income, on new orders and acquisitions.
 
Net sales were nearly $10.3 million, up 47.4% compared to 2008. The increase is attributable to energy orders and the recent acquisition of Shanghai Intech-Detron Electric and Electronic Co.
 
Solar orders for the quarter were $6.4 million, up 61% year-over-year. The firm also provides EMS services, but did not break out those sales.
 
Gross profit was  $1.9 million, up 39% compared to the first quarter in 2008, primarily reflecting solar module sales in the energy division.
 
CEO Jimmy Wang said, “Our solar energy division is performing well, and with increased capacity and new solar contracts, we expect to experience strong financial growth for the remainder of 2009.”
 
 

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