Last 10k filing hit 6 months ago for 2015. I must admit looks very promising: As of December 31, 2015, we had over 10,000 employees,Our net sales for the year ended December 31, 2015 was $938,896,315. Our gross profit for the year ended December 31, 2015 was $119,158,293. Earnings per share for the year end December 31, 2015 were $0.71 per share
The number of shares of registrant’s common stock outstanding as of December 31, 2015 was 157,165,783--------> market cap is only $50m.
I can wait. merger could hit anytime imo.on reasonable PE,that's a $30 stock. take a look also, the float is tiny:
As of December 31, 2015, approximately 83% of our shares of outstanding common stock were held by our parent corporation Gansu Yasheng Salt Chemical Industrial Group, Ltd. We expect our principal shareholder to continue to use its interest in our common stock to direct our management, to significantly influence the election of our entire board of directors, to determine the method and timing of the payment of dividends also limited by debt covenants, to determine substantially all other matters requiring shareholder approval and to control us. The concentration of our beneficial ownership may have the effect of delaying, deterring or preventing a change in control, may discourage bids for the common stock at a premium over their market price and may otherwise adversely affect the market price of the common stock. In addition, Gansu Yasheng may affect certain corporate transactions such as a merger without seeking the other shareholders approval.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11570402
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