any opinions? Its hovering near its low, very low pe, $15.02 book value, just very low volume. Im thinking about buying some monday.
Posted by invester on :
This is a positive and a negative. Margins are up but Revs are down 31% Ouch!!! I suppose with 1.6 billion people there’s room for 2 including China Mobile.
Compared to the same period in last year, net sales decreased 31.5% to RMB 716.2 million (USD 102.5 million). However, gross profit increased 35.3% to the amount of RMB 333.3 million (USD 47.7 million), due to the dramatic decrease of cost of sales. Cost of sales decreased to RMB 382.9 million (USD 54.8 million), representing a decrease of 52.1%.
Gross margin increased from 23.6% in the third quarter of 2007 to 46.5% for the same period of this year.
Posted by Shego on :
ended up not buying. dosnt look good after a closer look