A Quick Look At Xingquan's Earnings

Xingquan reported its earnings. Here's the updated numbers.



Its explanation of the extreme high receivables.



What was interesting was that I remembered reading Jupiter Research comments.



Let me highlight:

• Higher receivables of RMB261.3m in 1HFY11 were due to higher sales in November and December and was within the 2-months credit period. Xingquan explained that the total amount has since been collected.

Hmmm.... how?

Past postings:

• 5 Apr 2011: Koon Yew Yin's Investment In Xingquan.
  


• 23 Mar 2011: Regarding Xingquan And Taisan


• 18 Mar 2011: View From The 'Buy Side' Analyst On Xingquan


• 18 Feb 2011: Review Of Xingquan's Earnings


• 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


• 19 Oct 2010: Xingquan's TDR


• 10 Aug 2010: Regarding Xingquan


• 16 Aug 2010: Quick Review Of Xingquan's Earnings