Cleantech Solutions Internation (Nasdaq:CLNT) announced its financial results for the three months ended June 30, 2011. Revenue from the sale of forged rolled rings to the wind power industry and other industries decreased 36.7% to $8.7 million, or 69.0% of revenue, compared to $13.8 million, or 72.5% of net revenue, in the same period last year. Revenue from the sale of forged rolled rings exclusively to the wind power industry fell 32.0% to $6.2 million, representing 49.5% of revenue, compared to $9.2 million, or 48.4% of revenues in the comparable period last year.
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