See above, screen capture of my purchase at 11.1 cents of 100K shares.
I feel lucky that there is a S-chip small-cap rally. But I wonder what the 4Q results will bring. Life has a lot of uncertainty, man!
During the current quarter under review, the Group gave the distributors sales incentive award of RMB51.7 million as a reward for their sterling sales performance during FY2011. Had the sales incentive award not been incurred, the net profit after tax would have been a record of RMB197.9 million, representing an increase of about 51%.
??? What is this sales incentive award???
Sounds like some new-fangled way of subsidising their distributors? Or is this ' renovation subsidy ' by a different name?
overall, i think the Q4 result is still consistent and within expectation. The receivables have dropped and the cash balances have grown. i hv to admit the $50 mil renovation subsidy seems a bit excess though...