I am arguing with you. My approach to stocks these days is to...

I am arguing with you. My approach to stocks these days is to look at them as a short thesis first, before thinking they are my longs.i still think youre over-stretched your short argument. I just dont think the management is as crooked as you think. I did read your contradiction post, ding. I admire your attention to details though.

in the 2017 annual report, it said Jia Hou Zhou had given 1 million worth of inventory to the company in advance without incurring any interests. In my book, this means the management just as committed.

The inventory turn over rate, the way they book their revenue and the level of receivables are also legit. Administration expense is around 5% of the revenue in 2016,2017. Their superannuation is booked as expense not depreciation.

Go to CL8 if you wanna see a short thesis. admin expense are 400% of their revenue, contradictions in their balance sheets and cashflow statements.