Profile: Northeast Electric Development Company Limited (000585.SZ)

Northeast Electric Development Company Limited is engaged in the research, manufacture and sale of power transmission and transforming equipment. The Company primarily provides high-voltage isolated switchgears, power capacitors and closed busbars. During the year ended December 31, 2008, the Company won the bid of capacitive voltage transformer (CVT) projects in Los Angeles of Water and Power, China. In 2008, one of the Company's subsidiaries' high voltage parallel/ filter capacitor products were applied in Xiangjiaba - Shanghai Fulong power station transmission project and Hulun Buir- Liaoning direct current transmission project Yimin converter station. As of December 31, 2008, the Company had seven wholly owned subsidiaries, two partially owned subsidiaries and three associates.