CSHEF - still no idea what's going on there, but looks like they are audited by Crowe Howarth (Deloitte had the account for 2007-10), so they might be real after all.
I bought a few shares today, but didn't have time to dig into the story yet (carnival here). There is probably a good explanation for the low stock price.
Total shares outstanding: 9.02 million Current price: $0.10 Market cap: about $0.9 million
Book value (20-F Dec 22, 2010): $67.3 million Net income (FY 2009): $37.4 million (RMB 247 million) EPS (FY 2009): $4.15 (RMB 27.39)