A Quick Look At Xingquan's Earnings

5:33 AM | Labels:

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?

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