Wuhan General Group (China), Inc. is a holding company for its operating subsidiaries Wuhan Blower Co., Ltd. and Wuhan Generating Equipment Co., Ltd.
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Expansion of Electrical capacity for the rapidly growing reigon will facilitate WUHN's bottom line growth well ahead of the S&P 500 pace. Solid management.
What's underpinning your opinion that this firm has "solid management?"
I think WUHN is a decent company and seriously underpriced at $1.85. But the reason they are trading so low is simply bad management. Their audit discovered accounting irregularities and they have to issue revised statements for the last 10 years. It may end up only a small restatement but who can tell.
WUHN has significant dilutive shares outstanding, mostly in the form of warrants. Also, their "disclosure controls and procedures contained significant deficiencies and material weaknesses". See their latest 10-K. The disclosure controls do not appear to be a major issue. But still I think there are better and cheaper microcap companies.
I had previously claimed that an audit discovered accounting irregularities. I have searched online and am now unable to determine where that claim came from. It appears likely that I misread their statements. My apologies.