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SmartHeat Inc. (NASDAQ Global Market: HEAT) is a highly profitable US public company and a market leader in serving China's clean technology, energy savings industry.

RESEARCH COVERAGE - Rodman & Renshaw  
RESEARCH COVERAGE - William Blair & Company  

A "Green" Technology Company: China is a country that derives the majority of its heat energy through burning coal. Massive air pollution is created due to inefficient coal burning. As the developer of 6 key patents across our product lines, SmartHeat's plate heat exchanger (PHE) technology and products help reduce fossil fuel related costs and pollution by capturing and recycling waste heat thereby producing less CO2 emissions. More efficient energy use also leads to significant savings for end users as shown in the following illustration:

Heating Method

Coal Consumption (metricons)

Heat Produced (Kcal, million)

CO2 Emitted

Costs in Coal, USD
(excluding water and other costs)

District heating system connected to a co-generation power plant


1,680-1,870 KCal



Small Boiler with traditional shell-and-tube
heat exchanger





Rapid Earnings Growth: SmartHeat reported US$0.18 per share in net income, an increase of 1700% in the quarter ended September 30, 2008. For the year 2008, we reported net income of $0.29 per share, an increase of 203% from 2007. This dramatic increase in earnings is a direct result of strong customer demand for our energy saving equipment in a favorable market environment. We anticipate continued rapid expansion in China's heat and energy savings industry, a market which is currently estimated at approximately $2.4 billion dollars annually with double digit annual growth.

Direct Beneficiary of China's National Economic Stimulus Plan: Industry growth is fostered by numerous government initiatives. The Chinese government has begun to mandate efficient energy use to ensure sustainable development during the country's rapid economic growth. SmartHeat recently announced an initial order from a Chinese municipality which had received funding from China's central government under China's national economic stimulus plan.

Strong Customer Base: SmartHeat provides energy efficient heat solutions to industrial, residential, and commercial markets. Notable customers include Motorola, Dalkia, Veolia, BeijingInternationalAirport, Sinopec, and ACIC Air and many others.

Founders/Managers Have Vested Interest with Our Shareholders: SmartHeat is run by company founders / managers. Our senior executives are industry experts who are also our controlling shareholders. Our in-depth understanding of the markets which we serve ensures long term success for our company and for our shareholders.


Welcome to our website. SmartHeat manufactures and markets series of Plate Heat Exchanger ("PHE") products throughout China. Heat exchangers were first invented in the mid 1920s to control pressure and temperature during industrial production. Later innovations in the technology led to new applications including heat transfer, heat recovery and recycling. Improved heat utilization results in costs savings and reduced CO2 emissions due to lower consumption of fossil fuels. Today, heat exchangers are used in a wide variety of industries ࣨemical and petrochemical industries, fuel processing, steel production, power generation, pulp & paper, pharmaceuticals, HVAC, food and beverage processing and even in alternative energy industry. The Company manufactures superior quality PHE products that offer the following distinct advantages in a large and fast growing market in China:

  • efficient energy solutions to meet increasingly stringent environmental legislation and regulations;
  • customized products that allow a wide range of applications;
  • ISO 9001 qualified manufacturing processes are followed;
  • management and technical personnel possess extensive industry experience.

At SmartHeat, we look forward to continued success with our customers and shareholders.

James Jun Wang, Chairman & CEO

Copyright © SmartHeat, Inc. 2008

SmartHeat Announces Appointment of Chief Financial Officer, Audit Committee Chairman
July 14,2012

SmartHeat Inc. Announces First Quarter 2012 Financial Results
May 16,2012

SmartHeat, Inc. Announces Financial Results for 2011
April 5,2012

SmartHeat 3Q 2011 Financials
November 8,2011

SmartHeat Inc. Announces Third Quarter 2011 Financial Results, is Well Positioned for Future, Investor Conference Call at 8:30 a.m. EST on November 8, 2011
November 8,2011

SmartHeat Inc. to Report Second Quarter 2011 Financial Results on August 9, 2011, Before U.S. Market Opens
August 8,2011

SmartHeat Inc. to Report First Quarter 2011 Financial Results on May 10, 2011, Before U.S. Market Opens
May 12,2011

SmartHeat Inc. Announces Record Full Year 2010 Financial Results - 52% Revenue Growth, 47% Net Income Growth
March 19,2011