Its in their filings. Their asset value is 1.50 a share. They are trading at 2.5 million market cap. Whats getting interesting is the news of Chinese government commiting 300 billion yuan to bail out these real estate companys. Timing. Crazy value play down here at these lows.
Cash $ 4,754,893 Restricted cash 2,489,086 Contract assets 7,087,856 Real estate property development completed 74,013,771 Inventory 7,272 Other assets 1,839,933 Prepayment 26,936,915 Property, plant and equipment, net 456,222 Security deposits 1,784,637 Real estate property under development 80,322,680 Due from local government- property development completed 15,325,493 Total Assets $ 215,018,758
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