I own LIWA, CXDC, CBP and CCL as my Chinese plays. They have the same story as NCTY: Amazing yoy and qoq growth, lots of cash on hand and selling at a steep discount to the market.
Unfortunately, at the moment they're out of favour because they're being stigmatized with the rest of the U.S. listed Chinese companies.
IMO, owning Chinese stocks now is akin to owning Internet stocks after the dotcom melt down of 2000. Some of those Internet stocks eventually recovered to become 50-300 baggers. If an investor picks the right Chinese stocks and is patient enough to wait it out, they can expect significant returns in the coming years.
The stock market goes in cycles. Unwavering patience is key with these Chinese plays.
GLTA.