"According to National Development and Reform Commission (NDRC), China will install at least eight nuclear power generating units each year between 2010 and 2020, which require more than 30,000 valves for each unit, of which over one-third are used in the core island, while accounting for approximately 70% of the total value. Each nuclear power generating unit will require valves for an amount of more than RMB350 million at core inland, of which imports have traditionally accounted for the majority."
In layman terms this means that China is going to spend about 550M per year US dollars on values that traditionally have been imported from outside the country. CVVT is now the only certified Chinese company that can produce these values.
This is addtion to all their other business, which generated about 47M in profit for 2010 and will grow at 30% next year.
That 550M per year is also for the next 10 years.
I just don't see this company needing to scam US investors for a few bucks, when they the potential to 100's of times that by just running a good, solid business....which is looks like they are doing.