Stock has already been beaten down. Has a Big Four accounting firm as its auditor, so that trims the chances of it being a total fraud at least a little I would think.

I am NOT suprised FOOLS here don’t know more about “how business is done” in China. I have some really close friends that are native Chinese and I have contacts inside the country.

Did you really expect open and fair competition?

Did you really expect lack of monopolies, lack of bribes, lack of hardline communist political connections and lack of cartels?

OK - This financial analysis from Citron is largely correct, but their ( and you FOOLS too) political naivete is astounding.

When dealing with Chinese companies, you want someone at the top who is politically connected. “Here is a technologically superior motor.” “No it’s not.” “You will buy this motor.” And then you do so.
Amazing that world history and philosophy is not a little more apparent when investing in China. It’s far more important than our western financial standards.

I advise caution and philosophy rather than financial standards when investing in this communist state.

Perhaps you FOOLS should go back to college and take geo-politics 101.