UNDERVALUED CHINESE STOCKS

[BiotechValues]

CHSH had $2M revenue in Q2 & has $47m backlog now???

wow- if this is true, CHSH is way undervalued here.

They had $2M revenue in Q2 which was solid growth.

Their website says they now have:
"a backlog of over 10.000.000 pairs of shoes, or about 47 million US dol­lars in future sales." and

"The total current production of China Shoe Holdings, is sold up to December 2008, therefore the Company intends to put-up an additional assembly line to double the capacity of production."

Here's where it says this on the website:
http://www.chinashoeholdings.cn/sale.htm

This has not been released on a PR that I can find- it's just on their website....so I'm sure most don't klnow about it.

If this is true, this stock is very, very, very undervalued here