CCLTF - yes, I don't remember any signficant capex for older plant. However, you can see that the backlog has increased from 242 Million Yuan to 312 Million Yuan from Q1 to Q2. I think they were expecting 285 Million Yuan so suspect they are reacting to the demand.
Also estimating in Q3 11.5 Million volume up from 10.5 in Q2.
They have $26M in capex remaining and $10M in the bank. Suspect they are going to sell shares equivalent to the warrants they are convering?
Increasing Backlog most imp to me - shows what the news has been saying - construction is continuing but house prices themselves are under pressure from government initiatives.
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