Qingmei’s IPO price was 31 cts. Its record high & low were 36.5 cts and 15.5 cts respectively. With FY10 earnings of 39.1 cts(RMB) per share and dividend payout of 11.72 cts(RMB); and FY11 earnings of 43.1 cts(RMB) per share and dividend payout of 12.92 cts(RMB), there are very few stocks that can match such performance. At the current price of around 19.5 cts (close to its bottom), there is very low downside risk but high potential upside capital gain -(provided the bull market returns and rotational interest comes into the penny stocks). I added more to my holdings recently at the current price level and bad market sentiments.

以下这两段：
The total payout in those two years adds up to 24.64 RMB cents. Given the issued share capital of 640 million shares, the company would be paying out RMB157.7 m in total, or about S$30 million.
To put this S$30 million in perspective, it comes up to about 75% of the IPO net proceeds of S$44 million, which suggests that the cash on the company's balance sheet is real.

清美老板苏清远占清美股份比例约65%，真正分红到其他股东手里的钱只有RMB157.7M的三分之一。而其他股东手里的股票，才是IPO时发行的股票。而分到苏清远自己手里的钱，不过是左手倒右手的把戏而已。这说明不了清美的报表就一定是真的。
这篇文章只是罗列了一些简单的，已知的信息，尚且有分析不得当的地方，参考意义不大。

分到其他股东的手里的也有大概S$11 million,如此说来，about 25% of the IPO net proceeds of S$44 million,比起其他的铁公鸡龙筹，相当不错了。

不割肉看来是出不来了哈哈，华新这边的散户肯定帮不了你。

谢谢你的提醒!

这股还没开始冲呢。