Bought my first Chinese Company stock this morning. :-) Been watching it and might be getting in to late. Shall see. Charts look pretty good. Been going up weekly since April.
It is a Chinese telephone co. ZING. Bought at 7.59. My stop is in.
Found this this morning: <GSM/CDMA mobile phones.>
Sorry do not know source of this info other than post on yahoo.......????
Established in 1992, Qiao Xing universal Telephone Inc has grown into a high-tech enterprise of the State Torch Plan.
Engaged in the development, production and sales of telecom terminals, Qiao Xing employs a total of nearly 3500 thousand staff and possesses 20 telephone production lines, 5 production lines of language learning recorder and 5 lines of mobile phone plus an SMT workhouse.
Its products include ordinary landline telephones, hearing aid telephones, anti-virus telephones, fax machines, car-loaded telephones, walkie-talkie and GSM/CDMA mobile phones. With a network of 1350 retail stores, Qiao Xing telephones are being sold in over 30 provinces of China. At the same time, Qiao Xing is making significant penetration in foreign markets including America, Britain, Korea, Japan, Russia, India, Vietnam and France etc. In 1995, Qiao Xing became the first Chinese telephone maker that received ISO9001 certificate; in 1998, Qiao Xing ranked 57 in the 100 strongest Chinese private enterprises list. Statistics shows that over 50 millions Qiao Xing telephones have been sold and nearly one fourth of the Chinese families are using Qiao Xing brand phones.
Qiao Xing had re-certified its "ISO9001".
(posted in their homepage.) In December 4, 2001, XING share price jumped 87%, December 7, 2001, it jumped 200%. Are we going to repeat it soon?
By the ways, XING does manufacture their own phones. This is the point I tried to make.
The earning number of the XING conglomorate was published by Chinese official 2003 Top 100 E&TC domestic manufacturers. See link below. It is not a "rumor".
qiaoxing.com |
