slim

7 Chinese Companies with Dubious Auditors

That is old news. Anyone who is doing DD on any of these companies is already aware that most if not all have addressed their auditing questions. For example, a year ago, CKGT has delayed their revenue recognition to be very conservative (rev not accounted for until their customer's customer has sold the products). This is overly conservative in my view and they have actually carried out more sales than is currently being listed on the balance sheet. A whole new set of updated SEC documents based on this conservative revenue recongnition policy had been published last year and the company is growing strongly.

American Oriental Bioengineering: Underwhelming Q3 Earnings

yes, this makes more sense than the headline. The company AOB is growing fast and is consistently profitable. There are some other chinese companies that are following in AOB's path. I have lots of interest in these.