Apparently this move to let the Yuan flucuate more widely was leaked by the Peoples Bank of China and some industrialists there became aware of the new policy recently. It is possible that CXDC management was in the know about this new currency policy and decided to postpone their reporting until more clarity on cross currency valuations was available. CXDC will be reporting to us in dollars, so a change in currency values could be significant. It is a possibility that this may have contributed to the postponing so that CXDC wouldn't have to restate their results in some metric based on the new higher Yuan value. All that said, it's just a possible factor not a certainty.
Sir, they've been discussing revaluing the Yaun/RMB for some time now. Now news here. CXDC postponed because their finance and legal teams didn't get things done in time - probably because of the more stringent SEC standards in their 1st report as a NASDAQ listed company.
Well, it looks as if the revaluation has gone beyond "discussing", it's going to happen, possibly in the next few days. Anyway, it's just a possibility, personally I feel CXDC just didn't have it fully together accounting wise.