After you read the article, you would find Duoyuan Printing has fared well bt this category, but we still have to wait for conclusions of both internal and external SEC investigations.
Duoyuan has products in high demand in China albeit high competition; it is focused in the Chinse market, not dependent on export; as China continually grows, so should its market share; even in the worst senario by the growth projection of the IMF or other renowned international organizations, China will still grow by 8 ~ 9% annually...
Mr. Guo should and must have some courageousness to face his wrongdoings (firing Deloitte, and potentially misappropriation of funds, etc., if any) to settle off the past, and pull the company out of such a mess.
Not every shareholder of DYP/DYNP is millionare or billionare like you Mr. Guo, so feel the pain of your shareholders, and feel the pain of your and our company. Lead us get out this mess.
May God help you find the courageousness and way!
FYI: DY4104 four-color offset printing equipment currently costs about US$750,000 per piece.
Also, DY474 has unspecified number available for sale (could this be the reason that Duoyuan has to added addition 12 million US dollar to expand production?)
DY474 lists for RMB 1.48M (USD $230K) per unit
DYA452 lists for RMB 1.28M (USD $200K)
I believe those two are their multicolor small format product while DY474 (the USD $750K one) is their multicolor large format product.
All these product have high margins.
He said Duoyuan had developed and was comissioning cold corrugated board production line system equipment, which would be officially put into production soon. Soon Duoyuan will have more share of the huge Chinese packaging market!
He also reviewed the company's development history, the company's recent new product lines/equipment which have been shown in Shanghai International Press Show, etc.
And in a couple of occasions, he also stressed Duoyuan had been in lead in innovation and development in Chinese printing equipment industry, and has been one of the largest non-governmental printing equipment and system solution company in China.
Enjoy reading below, but you may need Google translator to help you.
Here is another interview with him (back in 2007), in which he described DYNP's business strategy in more details. Note that he mentioned at the end that they were going to spend RMB 200m-300m ($30M-$50M) for M&A. And that was in 2007, two years before their IPO. So either they were a fraud already long before IPO or they are not a fraud and definitely had the revenue to support that.
"See puda from 0.05 low to today's 0.80 in a short peirod, and it is going much higher.
puda has accepted major flaw in practice and its share price is still going high on the backdrop of that (and it seesm more flaw acceptance is to come) because of the demand for coal being easily understandable by people and its beaten down price, dynp is next with even more potential."
even by relaxing the existing listing rules in order to do that:
"(Reuters) - Chinese firms listed in the United States would be welcomed home, a senior Shanghai Stock Exchange official said, chiding the main U.S. auditor watchdog and other American institutions for having politicized company accounting issues.
Zhou Qinye, the exchange's vice general manager, said while only a few firms have real accounting issues, many overseas investors are short-selling Chinese companies for profit.
"The current situation is the result of some institutions seeking to politicize the matter, and it's difficult to predict where things are heading," Zhou told a conference, referring to a spat between U.S. and Chinese regulators over cross-border inspection of audit firms.
Shares in many overseas-listed Chinese firms have slumped this year after accounting scandals swirled around several China-focused companies.
Last week, U.S. securities regulators charged Chinese software company Longtop Financial Technologies Ltd with failing to file current and accurate financial reports.
Toronto-listed Sino-Forest Corp, which triggered a wave of selling in China-listed firms in June after it was accused of fraudulently exaggerating its assets, said on Tuesday that an independent committee found no evidence of such wrongdoing at the company.
Still, Zhou said Chinese firms listed abroad needed to improve investor relations management and learn more about the market environment and regulations.
But they are welcome to come home, he said.
"One way is for overseas-listed companies to delist there and come back home, including Chinese and Hong Kong stock exchanges," Zhou said.
"For the Shanghai and Shenzhen exchanges, this could be an opportunity as we know that many overseas-listed Chinese companies are not bad. So we welcome those China stocks to return home."
Some private equity firms have already started looking at the business opportunities related to bringing home Chinese companies which have suffered from the heavy selling."