Review Of Xingquan's Earnings

Blogged several times before:

• 23 Nov 2010: Xingquan: Growth Or Dividends And Some Unbalanced View
• 20 Nov 2010: More Balanced View On Xingquan
• 19 Nov 2010: Regarding Xingquan's Cash And Dividends
• 18 Nov 2010: Regarding Xingquan's Cash And Dividends
• 10 Aug 2010: Regarding Xingquan
• 16 Aug 2010: Quick Review Of Xingquan's Earnings
• 19 Oct 2010: Xingquan's TDR

Xingquan announced its earnings.

Here's the updated numbers.

1. Yeah, there's visible growth in sales revenue....
2. but where's the profit???
3. Cash... yeah... capex.... but... it shrank so much????
4. And then.... the ..... increase in receivables .... is simply .... crazy!!!

What's up?????

Here's how Xingquan the stock is performing...