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I did see China Wind on the TSX Venture, but do not think they're undervalued like Hanwei is.

What I find more appealing is China Wind's plan of 299 turbines in phases 3-5, which takes them into year 2014.   That is a lot of revenue assuming 1million per turbine and about 200k per blade set.  Also, their operating margin has been pretty impressive with their wind busines (15% - 20%)

That will equate to a nice net income.

Where did you get the 30% depreciation annually?  Seems like a lot?

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