21 March, 2023

CHINA’S TOP 30 A-SHARES

Assessing the Accounting Risk

Gillem Tulloch

wisetech-global qinghai-salt haier-electronics gree-electric inner-mongolia-yili jiangsu-hengrui-medicine kweichow-moutai midea-group wuliangye-yibin shenzhen-inovance-technology hangzhou-hikvision-digital tongwei longi-green-energy-tech luxshare-precision-ind shenzhen-mindray-bio-medical-electronics wanhua-chemic contemporary-amperex-tech ganfeng-lithium sf-holding china-tourism-group-duty-free-corp aier-eye-hospital eve-energy muyuan-food sungrow-power boe-tech shanxi-xinghua wens-foods china-yangtze-power wuxi-apptec chongqing-changan-auto luzhou-laojiao

Insights

18 August, 2020

NEWSLETTER: COMING HOME?

Watch out for the privatisation “squeeze out”

The proposed Holding Foreign Companies Accountable Act could force hundreds of Chinese companies listed on US exchanges to delist over the next few years. For many large companies, seeking a secondary listing in Hong Kong or the mainland is a sensible insurance policy. However, investors should be wary of companies which decide to privatise and then relist. Our analysis of...

12 August, 2020

NEWSLETTER: TECHNOLOGY ONE

Growth illusion

Nigel Stevenson

Technology One’s growth in the last couple of years appears to be an illusion. It has used various accounting tricks to pull forward revenue and profits, artificially creating growth and hiding a major slowdown. New rules on revenue recognition in FY19 have left a big hole in TNE’s profits, which it filled by starting to capitalise development costs, having previously...