Shengkai Innovations, Inc. (Nasdaq:VALV) today announced financial results for its fourth quarter and fiscal year 2011. Highlights: Fourth Quarter Revenues increased 70.9% yoy to approximately $27.3 million; Revenues from the electric power segment increased 48.8% yoy to approximately $15.0 million; Revenues from the petrochemical and chemical segment increased 68.8% yoy to approximately $8.4 million; Revenues […]