Personally I have no idea. Just following since 09, and it is trading at less than half it was back then so the market sure is skeptical.
Smallcap China is a complete mess, I am 95% out of China at the moment, in 09-10 China was half my portfolio. The market giveth, the market taketh away.
Good Luck with this if you are in it, I'd like to someone make some good coin again on some of these very high risk/reward plays.
However, if you cannot find any recent reports in your DD, then I'd assume the worst. I thought they filed Q2 and it was fine but just going from memory and I'm not about to take any time doing DD here.
I am in CHRI for a high reward China smallcap play, they reported super strong half year earnings today of .02, and todays close was a measly .026, so the forward P/E is well under one.
Several of my friends have also done their DD on CHRI and are in it as well. While absolutely nothing is a given in US listed Chinese stocks, we all think this one has better than average chances of being legit based on believeable numbers and margins, timely reporting, and a well executed business model since 09 when we first starting playing/following it. Problem is, no one is giving any Chinese stock a decent valuation anymore, even those big board listed being as so many of them have been exposed as fraud and gone down in flames.
Best of luck in all your investments,
malc
