China Wind Systems, Inc. through its wholly owned subsidiaries, Wuxi Huayang Dye Machine Co., Ltd. (Huayang Dye) and Wuxi Huayang Electrical Power Equipment Co., Ltd. (Huayang Electrical Power), is engaged in two business segments: the dyeing and finishing equipment segment, in which the Company manufacture and sell textile dyeing and finishing machines and the forged rolled rings and electric power equipment segment, in which the Company manufacture and sells high precision forged rolled rings for the wind power industry and other industries and the Company manufacture specialty equipment used in the production of coal generated electricity. In August 2008, the Company formed a new wholly owned subsidiary, Wuxi Fulland Wind Energy Equipment Co., Ltd.