Replies to post #153228 on JB and ZJMY Holding Co (JBZY)

[supersaiyan3]

2.26 billion dollars is not chump change...and that's just one contract! Holy moly! What does Ford and Gm do per year? JBZY

[Snug Harbour]

Pretend your an accountant for a second.

This unverifiable piece from some website is from back in 2014.

http://guangxi.pprd.org.cn/guangxinews/201709/t20170927_891985.htm

DOLV or Ji Ming Yang Amperex Technology Limited or JB&ZJMY Limited Company or JB&ZJMY Holding Company or whatever name they are this week signed a 2.26B per year contract in 2014?

How many Quarterly's have they filed so far... two, three?

Where's these billions on their fins?
https://www.otcmarkets.com/financialReportViewer?symbol=JBZY&id=179315

I don't care what name they're going under, if your making that kind of money... you better be reporting it.

[T-Sizzzle]

From the article:


On September 20, Qintang District of Guigang City signed a cooperation framework agreement with Zhongji Mingyang New Energy Company to build an annual output of 300,000 vehicle high-speed and new energy vehicles with a total investment of about 1.5 billion yuan and a land area of ??about 500 mu. After all are completed and put into production, annual sales of about 15 billion yuan, annual tax of 500 million yuan.

The way I read this, it's an agreement between ZJMY and Qintang District to build a plant that will have potential output of $2.26 Billion. Qintang District is investing in the construction and providing some land for said construction. This does not read like a contract for the Qintang District to buy $2.26 Billion worth of EV's.

So not only is this NOT an agreement to purchase $2.26 Billion of EV's, it's describing a manufacturing facility that has not yet been built.