Fushi Copperweld (FSIN) 8-K Other Events

Exhibit 99.2

Copperweld Bimetallics, LLC

P&L (2016)

CCS Sales in Pounds		14,800,000
CCA Sales in Pounds		22,145,000
Dalian Braid		200,000
Sales in Pounds		37,145,000
CCS Avg Price/Lb	$	2.57
CCA Avg Price/Lb	$	3.11
Dalian Braid	$	3.11
Blended Avg Price/Lb (Net)	$	2.79
Gross Sales	$	107,369,865
(Deductions)	$	(3,757,945	)
Net Sales	$	103,611,920
Cost of Goods Sold	$	89,681,638
Depreciation		2,532,971
Gross Profit	$	11,397,311
SG&A		4,100,000
Operating profit	$	7,297,311
Interest Expense		192,000
Other expense(income)		0
Net Profit Before Tax	$	7,105,311
Prov Taxes		0
Net profit After Tax	$	7,105,311
GPM		11.00	%
SG&A/Sales		3.96	%
NPAT/Sales		6.71	%
EBITDA	$	9,830,282
EBITDA/Sales		9.49	%

Copperweld Bimetallics, LLC

Balance Sheet (2016)

Cash		19,237,416
Accounts Rec'ble(net)		14,154,634
Inventory		13,476,749
Other		200,000
Current Assets		47,068,799
PP&E		30,497,964
Accum Depr		(19,686,571	)
Net Fixed Assets		10,811,393
Long Term Investment		2,099,492
Other Long Term Assets		7,339,886
Total Assets		67,319,570
STD		-
Acc'ts Payable		10,046,304
Accrued Expenses		500,000
CPLTD		650,000
Current Liabilities		11,196,304
Long Term Debt		1,787,500
Other Long Term		-
Total Liabilities		12,983,804
Contributed Capital		29,059,694
Other capital		-
Retained Earnings	$	19,152,974
YTD P&L	$	7,105,311
Currency Adjustment		(982,213	)
Total Equity		54,335,766
Total Liabilities and Net Worth		67,319,570
		-
Working Capital		35,872,495
Working Investment		17,085,079
% Sales		16.49	%
A/R DOH		50
INV DOH		55
A/P+A/E DOH		41

CopperweldBimetallics, LLC

Cash Flow Summary & Forecast (2016)

NPAT	$	7,105,311
Prov Taxes		0
Depreciation		2,532,971
Operating Sources	$	9,638,282
Capex		3,412,023
Taxes Paid		0
Chnge Wrkg Invst		1,565,624
Operating Uses	$	4,977,647
Cash From Operations	$	4,660,635
Change Other Assets(use)		0
Change Other Liab(use)		0
Cash Before Financing	$	4,660,635
Change STD		0
Change LTD		(650,000	)
Change Equity		0
Change Cash	$	4,010,635
		4,010,635
	$	0

Fushi Copperweld, Inc. 2016 Expense Estimates

	2016
Audit	$972,130
Legal	$862,355
IR/CorDev/AGM	$666,832
Marketing	$1,412,578
NBD+NBD Wages	$3,986,865
Finance	$351,997
Director’s Fee	$109,000
Nasdaq	$42,500
D&O Insurance	$503,125
General G&A	$1,388,054
Wages & Bonus	$4,292,443

Assumptions

1) Stock based compensation assumes grants made in Q1'2012; no grants made in 2013 onwards, which is reflected in decline in out years

2) Audit fees constant 2011/2012. Increase 10% per annum thereafter due to increased global footprint/locations

3) Legal fees assume increase of 10%/year as a result of general corporate growth

4) IR and annual meeting costs constant 2011---2012; increase 5% per annum therafter due to increased investor base and IR activities

5) Marketing costs assume increase of 10%/year as a result of general corporate growth and increased acvitities

6) Director's fees remain constant

7) Nasdaq fees assume no new issuance of shares

8) D&O insurance premiums to remain constant

9) General G&A to increase 5% per annum due to increased global activities and personnel

10) Wages to increase 15% per annum due to added personnel and salary increases

11) NBD and Finance budget to grow 10% per annum due to general corporate growth