SmartHeat Inc.

The China CleanTech Index recorded a 2.9% gain in May 2014 and outperformed all of its four benchmarks. The Index rose from 42.19 to 43.43 over the month of May recording a 2.9% gain. This compared to the NEX gain of 2.2%, the CTIUS gain of 1.4%, the Shanghai Composite gain of 0.6% and the MSCI gain of 1.6%.

The China CleanTech Index fell from 44.68 to 42.14 over the month of April recording a 5.6% loss. This compared to the NEX loss of 3.7%, the CTIUS loss of 2.3%, the Shanghai Composite loss of 0.4% and the MSCI gain of 0.8%.

The China CleanTech Index underperformed all of its four benchmarks for the month of March 2014 and recorded a loss of 4.5%. The China CleanTech Index fell from 46.8 to 44.7 over the month of March recording a 4.5% loss. This compared to the NEX loss of 2.5%, the CTIUS loss of 0.9%, the Shanghai Composite loss of 1.1% and the MSCI loss of 0.1%. The China CleanTech 20 fared worse with a loss of 5.7%.

The China CleanTech Index underperformed all of its four benchmarks for the month of March 2014 and recorded a loss of 4.5%. The China CleanTech Index fell from 46.8 to 44.7 over the month of March recording a 4.5% loss. This compared to the NEX loss of 2.5%, the CTIUS loss of 0.9%, the Shanghai Composite loss of 1.1% and the MSCI loss of 0.1%. The China CleanTech 20 fared worse with a loss of 5.7%.

The China CleanTech Index recorded a 4.1% gain in February 2014 but outperformed only one of its four benchmarks. The China CleanTech Index rose from 44.93 to 46.78 over the month of February recording a 4.1% gain. This compared to the NEX gain of 10.8%, the CTIUS gain of 10.5%, the Shanghai Composite gain of 1.1% and the MSCI gain of 4.8%.

The China CleanTech Index rose from 44.37 to 44.93 over the month of January recording a 1.3% gain. This compared to the NEX gain of 3%, the CTIUS loss of 5.8%, the Shanghai Composite loss of 3.9% and the MSCI loss of 3.8%.

The China CleanTech Index rose from 42.56 to 45.34 over the month of November recording a 6.5% gain. This compared to the static NEX, the CTIUS gain of 2.4%, the Shanghai Composite gain of 3.7% and the MSCI gain of 1.6%.

The China CleanTech Index recorded a 2.1% gain in October 2013 but underperformed against three of its four benchmarks. The China CleanTech Index rose from 41.68 to 42.56 over the month of October recording a 2.1% gain. This compared to the NEX gain of 5.1%, the CTIUS gain of 3.5%, the Shanghai Composite loss of 0.9% and the MSCI gain of 3.8%.

The China CleanTech Index provides the definitive measure of the performance of Chinese cleantech companies that are listed on stock exchanges around the world.

The China CleanTech Index rose strongly in July 2013 to resume its strong performance from earlier in 2013. Over the month, the Index outperformed all but one of its four benchmarks.