Chinese Stocks Bound to Move As China’s Real Estate Market Sees Ghost Towns

China’s central government has created internal growth targets for the various administrative divisions within China.  These local governments, in turn, have turned to real estate development as an easy way to reach their centrally assigned internal growth targets.  The result is tens of millions of unoccupied, luxury apartments that the average Chinese laborer cannot afford.  Part of this is due to China’s stringent requirements for acquiring real estate: 50% down with the balance paid off in three years.  When apartments sell for $300,000 and the average laborer earns less than $6,000, the market won’t clear.

But, even more importantly, the phenomenon of these so-called ghost cities suggests that much growth in China has been illusory.  An Australian news program called Dateline recently did a report on these ghost cities.  The whole 15 minute report is well worth watching, but perhaps its most salient part is the following exchange between the reporter and a Hong Kong-based financial analyst, Gillem Tulloch:

GILLEM TULLOCH: It’s essentially the modern equivalent of building pyramids. It doesn’t really add to the betterment of lives, but it adds to the growth of GDP.

REPORTER: And maintaining economic growth is the government’s number one priority.

GILLEM TULLOCH: It’s basically happening because China is a command economy and the Chinese Government can dictate where the resources are spent.

REPORTER: And so, if the order goes out to build, local governments build?

GILLEM TULLOCH: That’s right. If the central government sets a GDP target, they have to meet the target and the easiest way to do it is just to build.”

All of this makes one wonder what the broader implications for China’s economy are.  Clearly, an economy whose real estate sector has been overbuilt and is not clearing in a normal matter is not a sustainable one. One need only to travel to Detroit to see the malign effects of too much housing with too little demand.  With that in mind, I decided to take a look at some of the more prominent Chinese companies trading on the US exchanges.  Intuition would suggest that those Chinese companies which have diversified internationally will be less affected by the economic mismanagement at home; nonetheless, the ultimate effects of illusory growth may be bad for all Chinese stocks.

Following is a list of all of these stocks, along with some summary fundamental information about them.  This universe of stocks has a total market capitalization of just over $1 trillion.  The mean market capitalization is $14.5 billion, while the median is only $500 million.  As this would suggest, the following is very highly skewed towards lower-capitalization stocks, with a few companies with a market capitalization of one hundred billion dollars or more.  The larger and more liquid companies likely are better positioned to deal with whatever fallout comes from China’s building spree.

  • E-House (NYSE:EJ): its recent price is $13.15, its 52-week high is $20.36, and its 52-week low is $10.96. It is trading at 54.8% off its 52-week high and 20.0% off its 52-week low. Its market capitalization is $1,055,581,766, its earnings per share are $0.44, and its price-to-earnings ratio is 29.59. Its market capitalization as a percent of this universe of stocks is 0.0967%. E-House China Holdings Ltd. offers real estate services. The Company offers primary real estate agency services to residential real estate developers; lists and brokers properties for resale; and offers land acquisition consulting and property development consulting services.
  • eLong (NASDAQ:LONG): its recent price is $14.58, its 52-week high is $21.99, and its 52-week low is $10.00. It is trading at 50.8% off its 52-week high and 45.8% off its 52-week low. Its market capitalization is $172,918,129, its earnings per share are $0.12, and its price-to-earnings ratio is 118.52. Its market capitalization as a percent of this universe of stocks is 0.0158%. eLong Inc. is an independent travel service company with a national presence across the Peoples’ Republic of China. The Company uses Web-based distribution technologies and a 24-hour nationwide call center to provide consumers with travel information, and the ability to access hotel reservations at discounted rates at hotels in major cities across the country.
  • Focus Media (NASDAQ:FMCN): its recent price is $31.33, its 52-week high is $32.09, and its 52-week low is $14.36. It is trading at 2.4% off its 52-week high and 118.2% off its 52-week low. Its market capitalization is $897,149,586, its earnings per share are $0.69, and its price-to-earnings ratio is 45.11. Its market capitalization as a percent of this universe of stocks is 0.0822%. Focus Media Holding Limited operates an out-of-home advertising network in China. The Company uses audiovisual television displays which are placed primarily in high-traffic areas of commercial office buildings such as in lobbies and near elevators, as well as in large retail chain stores and other venues.
  • Fuqi International (NASDAQ:FUQI): its recent price is $2.90, its 52-week high is $12.42, and its 52-week low is $2.30. It is trading at 328.3% off its 52-week high and 26.1% off its 52-week low. Its market capitalization is $80,123,117, its earnings per share are $2.09, and its price-to-earnings ratio is 1.39. Its market capitalization as a percent of this universe of stocks is 0.0073%. Fuqi International, Inc. design, manufactures and distributes jewelry.
  • Giant Interactive (NYSE:GA): its recent price is $7.66, its 52-week high is $8.25, and its 52-week low is $6.03. It is trading at 7.7% off its 52-week high and 27.0% off its 52-week low. Its market capitalization is $1,741,490,241, its earnings per share are $0.53, and its price-to-earnings ratio is 14.43. Its market capitalization as a percent of this universe of stocks is 0.1596%. Giant Interactive Group Inc. develops online games. The Company focuses on multiplayer online, or MMO, games that are played through networked game servers in which players are able to simultaneously connect and interact.
  • Global Sources (NASDAQ:GSOL): its recent price is $11.48, its 52-week high is $12.28, and its 52-week low is $6.20. It is trading at 7.0% off its 52-week high and 85.2% off its 52-week low. Its market capitalization is $511,357,408, its earnings per share are $0.54, and its price-to-earnings ratio is 21.27. Its market capitalization as a percent of this universe of stocks is 0.0469%. Global Sources Ltd. creates and facilitates global trade between buyers and suppliers. The Company’s integrated sourcing and marketing solutions enable importers to buy, and exporters to sell, more effectively and profitably. Global Sources aggregates and formats industry-specific supplier and product information, then delivers this content to its buyer community worldwide.
  • Guangshen Railway (NYSE:GSH): its recent price is $19.41, its 52-week high is $22.27, and its 52-week low is $15.76. It is trading at 14.7% off its 52-week high and 23.2% off its 52-week low. Its market capitalization is $2,749,829,042, its earnings per share are $1.61, and its price-to-earnings ratio is 12.09. Its market capitalization as a percent of this universe of stocks is 0.2520%. Guangshen Railway Company Limited provides railroad passenger, freight transportation, railway facilities, and technical services. The Company also sells food, beverages and merchandise on aboard and in train stations.
  • Gushan Environmental Energy (NYSE:GU): its recent price is $4.12, its 52-week high is $6.50, and its 52-week low is $2.95. It is trading at 57.8% off its 52-week high and 39.7% off its 52-week low. Its market capitalization is $34,367,391, its earnings per share are ($10.16), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0031%. Gushan Environmental Energy Limited produces biofuel. The Company produces biodiesel and by-products of biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide.
  • Home Inns & Hotel (NASDAQ:HMIN): its recent price is $43.34, its 52-week high is $54.25, and its 52-week low is $28.61. It is trading at 25.2% off its 52-week high and 51.5% off its 52-week low. Its market capitalization is $871,106,699, its earnings per share are $1.30, and its price-to-earnings ratio is 33.34. Its market capitalization as a percent of this universe of stocks is 0.0798%. Home Inns & Hotels Management, Inc. operates a chain of budget hotels in the People’s Republic of China. The Company manages some of the hotels in its chain on behalf of franchisees.
  • Huaneng Power (NYSE:HNP): its recent price is $23.16, its 52-week high is $25.83, and its 52-week low is $20.39. It is trading at 11.5% off its 52-week high and 13.6% off its 52-week low. Its market capitalization is $8,138,064,966, its earnings per share are $1.69, and its price-to-earnings ratio is 13.67. Its market capitalization as a percent of this universe of stocks is 0.7457%. Huaneng Power International, Inc. develops, constructs, owns and operates coal-fired power plants throughout China.
  • JA Solar (NASDAQ:JASO): its recent price is $6.70, its 52-week high is $10.24, and its 52-week low is $4.22. It is trading at 52.8% off its 52-week high and 58.8% off its 52-week low. Its market capitalization is $1,132,423,248, its earnings per share are $1.52, and its price-to-earnings ratio is 4.4. Its market capitalization as a percent of this universe of stocks is 0.1038%. JA Solar Holdings Company, Ltd. manufactures solar cells. The Company sells its products principally to solar module manufacturers, which assemble and integrate its products into modules and systems.
  • Kongzhong (NASDAQ:KONG): its recent price is $9.76, its 52-week high is $10.30, and its 52-week low is $5.22. It is trading at 5.5% off its 52-week high and 87.0% off its 52-week low. Its market capitalization is $8,597,291, its earnings per share are $0.31, and its price-to-earnings ratio is 31.77. Its market capitalization as a percent of this universe of stocks is 0.0008%. KongZhong Corporation is a mobile Internet company in China. The Company delivers wireless value-added services to consumers in China through multiple technology platforms. KongZhong also designs and operates mobile games, including mobile online games, downloadable offline games and WAP games.
  • Las Vegas Sands (NYSE:LVS): its recent price is $44.62, its 52-week high is $55.47, and its 52-week low is $18.08. It is trading at 24.3% off its 52-week high and 146.8% off its 52-week low. Its market capitalization is $32,415,148,630, its earnings per share are $0.42, and its price-to-earnings ratio is 106.17. Its market capitalization as a percent of this universe of stocks is 2.9702%. Las Vegas Sands Corp. owns and operates casino resorts and convention centers. The Company operates in United States, Macau and Singapore. Las Vegas Sand Corp’s casino’s offer a wide range of gaming activities and entertainment as well as overnight accomodations, while its expo centers host a wide range of entertainment shows, expositions, and other activities.
  • LDK Solar (NYSE:LDK): its recent price is $11.71, its 52-week high is $15.10, and its 52-week low is $4.97. It is trading at 28.9% off its 52-week high and 135.6% off its 52-week low. Its market capitalization is $1,697,510,881, its earnings per share are $2.16, and its price-to-earnings ratio is 5.43. Its market capitalization as a percent of this universe of stocks is 0.1555%. LDK Solar Company, Ltd. manufactures multicrystalline solar wafers. The Company sells multicrystalline wafers globally to manufacturers of photovoltaic products including solar cells and solar modules. Solar wafers are the principal raw material used to produce solar cells which convert sunlight into electricity.
  • Linktone (NASDAQ:LTON): its recent price is $1.32, its 52-week high is $2.02, and its 52-week low is $1.20. It is trading at 53.0% off its 52-week high and 10.0% off its 52-week low. Its market capitalization is $5,553,979, its earnings per share are ($0.03), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0005%. Linktone Ltd. provides entertainment-oriented wireless value-added services to mobile phone users in China. The Company develops, aggregates, markets, and distributes consumer wireless content and applications.
  • Longtop Financial Tech. (NYSE:LFT): its recent price is $31.85, its 52-week high is $42.86, and its 52-week low is $28.00. It is trading at 34.6% off its 52-week high and 13.8% off its 52-week low. Its market capitalization is $1,817,776,346, its earnings per share are ($0.38), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.1666%. Longtop Financial Technologies Limited develops a wide range of software applications. The Company offers software solutions in the following categories: channel-related solutions, business-related solutions, management-related solutions and other solutions, covering major categories of information technology requirements for financial institutions in China.
  • Melco PBL Entertainment (NASDAQ:MPEL): its recent price is $8.42, its 52-week high is $8.75, and its 52-week low is $3.42. It is trading at 3.9% off its 52-week high and 146.2% off its 52-week low. Its market capitalization is $1,502,182,491, its earnings per share are ($0.02), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.1376%. Melco Crown Entertainment. Ltd. develops, owns and operates casino gaming and entertainment resort facilities.
  • Mindray Medical (NYSE:MR): its recent price is $26.23, its 52-week high is $39.39, and its 52-week low is $25.52. It is trading at 50.2% off its 52-week high and 2.8% off its 52-week low. Its market capitalization is $2,992,853,440, its earnings per share are $1.32, and its price-to-earnings ratio is 19.82. Its market capitalization as a percent of this universe of stocks is 0.2742%. Mindray Medical International Limited develops, manufactures, and markets medical devices. The Company offers patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems.
  • Netease.com (NASDAQ:NTES): its recent price is $52.93, its 52-week high is $53.86, and its 52-week low is $26.16. It is trading at 1.8% off its 52-week high and 102.3% off its 52-week low. Its market capitalization is $274,221,863, its earnings per share are $2.62, and its price-to-earnings ratio is 20.18. Its market capitalization as a percent of this universe of stocks is 0.0251%. NetEase.com Inc. is an Internet technology company that develops applications, services and other Internet technologies in China. The Company provides online gaming services thatinclude in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides free email and various channels of content, online advertising, search and community services.
  • New Oriental Education (NYSE:EDU): its recent price is $118.09, its 52-week high is $120.20, and its 52-week low is $85.16. It is trading at 1.8% off its 52-week high and 38.7% off its 52-week low. Its market capitalization is $1,146,796,753, its earnings per share are $2.16, and its price-to-earnings ratio is 54.7. Its market capitalization as a percent of this universe of stocks is 0.1051%. New Oriental Education & Technology Group, Inc. offers educational services. The Company offers foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online classes.
  • Ninetowns Digital World Trade Holdings Limited (NASDAQ:NINE): its recent price is $1.50, its 52-week high is $1.85, and its 52-week low is $1.30. It is trading at 23.3% off its 52-week high and 15.4% off its 52-week low. Its market capitalization is $53,687,745, its earnings per share are ($0.03), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0049%. Ninetowns Digital World Trade Holdings Limited is a software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. The Company focuses on providing enterprise software for the completion over the internet of the processing of import and export declarations.
  • Noah Education Holdings Ltd. (NYSE:NED): its recent price is $2.21, its 52-week high is $5.38, and its 52-week low is $1.73. It is trading at 143.4% off its 52-week high and 27.7% off its 52-week low. Its market capitalization is $85,050,879, its earnings per share are ($0.51), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0078%. Noah Education Holdings Ltd. develops and markets electronic learning products. The Company’s products are handheld devices that use proprietary technology and interactive content contained on each device to educate students.
  • O2Micro International (NASDAQ:OIIM): its recent price is $7.13, its 52-week high is $9.10, and its 52-week low is $4.75. It is trading at 27.6% off its 52-week high and 50.1% off its 52-week low. Its market capitalization is $5,160,551, its earnings per share are $0.61, and its price-to-earnings ratio is 11.71. Its market capitalization as a percent of this universe of stocks is 0.0005%. O2Micro International Limited designs, develops, and markets integrated circuits for power management and computer security applications. The Company’s integrated circuits use mixed signal designs, which combine analog and digital circuits within the same device.
  • Perfect World (NASDAQ:PWRD): its recent price is $24.44, its 52-week high is $39.17, and its 52-week low is $19.70. It is trading at 60.3% off its 52-week high and 24.1% off its 52-week low. Its market capitalization is $243,548,027, its earnings per share are $2.43, and its price-to-earnings ratio is 10.06. Its market capitalization as a percent of this universe of stocks is 0.0223%. Perfect World Co Limited develops and operates online games. The Company primarily develops 3D gaming technologies.
  • PetroChina (NYSE:PTR): its recent price is $154.74, its 52-week high is $157.93, and its 52-week low is $99.02. It is trading at 2.1% off its 52-week high and 56.3% off its 52-week low. Its market capitalization is $283,206,705,454, its earnings per share are $11.70, and its price-to-earnings ratio is 13.22. Its market capitalization as a percent of this universe of stocks is 25.9499%. PetroChina Company Limited explores, develops, and produces crude oil and natural gas. The Company also refines, transports, and distributes crude oil and petroleum products, produces and sells chemicals, and transmits, markets and sells natural gas.
  • QiaoXing Mobile Communications Co. Ltd. (NYSE:QXM): its recent price is $3.12, its 52-week high is $5.96, and its 52-week low is $2.10. It is trading at 91.0% off its 52-week high and 48.6% off its 52-week low. Its market capitalization is $148,542,352, its earnings per share are ($0.66), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0136%. Qiao Xing Mobile Communication Company Ltd. manufactures handsets for mobile devices.
  • Renesola Ltd. (NYSE:SOL): its recent price is $9.79, its 52-week high is $15.34, and its 52-week low is $4.91. It is trading at 56.7% off its 52-week high and 99.4% off its 52-week low. Its market capitalization is $850,246,322, its earnings per share are $1.92, and its price-to-earnings ratio is 5.1. Its market capitalization as a percent of this universe of stocks is 0.0779%. Renesola Ltd manufactures solar wafers for intergration into photovoltaic cells. The Company has developed proprietary technology for processing different types of scrap wafer and other silicon materials for use as feedstock for its solar wafer production.
  • Semiconductor Manufacturing (NYSE:SMI): its recent price is $3.78, its 52-week high is $6.44, and its 52-week low is $3.08. It is trading at 70.4% off its 52-week high and 22.7% off its 52-week low. Its market capitalization is $2,071,064,252, its earnings per share are ($0.02), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.1898%. Semiconductor Manufacturing International Corporation manufactures, trades, packages, tests, and provides computer-aided design integrated circuits. The Company also provides other semiconductor services. In addition, Semiconductor designs masks.
  • Shanda Interactive (NASDAQ:SNDA): its recent price is $43.64, its 52-week high is $48.88, and its 52-week low is $36.33. It is trading at 12.0% off its 52-week high and 20.1% off its 52-week low. Its market capitalization is $1,471,354,000, its earnings per share are $1.46, and its price-to-earnings ratio is 29.99. Its market capitalization as a percent of this universe of stocks is 0.1348%. Shanda Interactive Entertainment Ltd, operates online games in China. The Company offers a portfolio of online games that users play over the Internet. Shanda’s games are licensed from third parties as well as developed in-house.
  • Simcere Pharmaceutical (NYSE:SCR): its recent price is $12.97, its 52-week high is $13.75, and its 52-week low is $7.44. It is trading at 6.0% off its 52-week high and 74.3% off its 52-week low. Its market capitalization is $351,838,235, its earnings per share are $0.48, and its price-to-earnings ratio is 27.28. Its market capitalization as a percent of this universe of stocks is 0.0322%. Simcere Pharmaceutical Group manufactures and supplies branded generic pharmaceuticals to the China market. The Company’s products include antibiotics, anti-cancer medications and anti-stroke medications.
  • Sina (NASDAQ:SINA): its recent price is $119.35, its 52-week high is $120.48, and its 52-week low is $32.00. It is trading at 0.9% off its 52-week high and 273.0% off its 52-week low. Its market capitalization is $7,270,663,461, its earnings per share are ($0.39), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.6662%. SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Sinopec (NYSE:SHI): its recent price is $48.97, its 52-week high is $63.05, and its 52-week low is $33.13. It is trading at 28.8% off its 52-week high and 47.8% off its 52-week low. Its market capitalization is $3,525,840,088, its earnings per share are $5.89, and its price-to-earnings ratio is 8.31. Its market capitalization as a percent of this universe of stocks is 0.3231%. Sinopec Shanghai Petrochemical Co., Ltd. processes crude oil into a broad range of synthetic fibers, resins and plastics, intermediate petrochemical products and petroleum products.
  • Sohu.com (NASDAQ:SOHU): its recent price is $96.35, its 52-week high is $98.72, and its 52-week low is $40.05. It is trading at 2.5% off its 52-week high and 140.6% off its 52-week low. Its market capitalization is $3,677,617,778, its earnings per share are $3.62, and its price-to-earnings ratio is 26.59. Its market capitalization as a percent of this universe of stocks is 0.3370%. Sohu.com Inc. operates an Internet portal in China. The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.
  • Solarfun Power (NASDAQ:SOLF): its recent price is $9.14, its 52-week high is $13.48, and its 52-week low is $5.61. It is trading at 47.5% off its 52-week high and 62.9% off its 52-week low. Its market capitalization is $531,415,597, its earnings per share are $0.94, and its price-to-earnings ratio is 9.7. Its market capitalization as a percent of this universe of stocks is 0.0487%. Solarfun Power Holdings Company, Ltd. manufactures PV cells and modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. The Company sells its products both through third-party distributors and directly to system integrators.
  • Spreadtrum Communications (NASDAQ:SPRD): its recent price is $20.35, its 52-week high is $24.20, and its 52-week low is $5.81. It is trading at 18.9% off its 52-week high and 250.3% off its 52-week low. Its market capitalization is $320,401,599, its earnings per share are $1.27, and its price-to-earnings ratio is 16. Its market capitalization as a percent of this universe of stocks is 0.0294%. Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the wireless communications market.
  • Suntech Power (NYSE:STP): its recent price is $9.42, its 52-week high is $15.55, and its 52-week low is $7.05. It is trading at 65.1% off its 52-week high and 33.6% off its 52-week low. Its market capitalization is $1,696,997,000, its earnings per share are $1.28, and its price-to-earnings ratio is 7.37. Its market capitalization as a percent of this universe of stocks is 0.1555%. Suntech Power Holdings Company Ltd produces solar cells. The Company designs, develops, manufactures and markets a variety of photovoltaic (PV) cells and modules. Suntech Power is based in China.
  • Tongjitang Chinese Medicine (NYSE:TCM): its recent price is $4.47, its 52-week high is $4.72, and its 52-week low is $3.42. It is trading at 5.6% off its 52-week high and 30.7% off its 52-week low. Its market capitalization is $90,943,650, its earnings per share are ($0.02), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0083%. Tongjitang Chinese Medicines Co. is a pharmaceutical company . The Company develops, manufactures and markets modernized traditional Chinese medicines.
  • Trina Solar (NYSE:TSL): its recent price is $28.85, its 52-week high is $31.89, and its 52-week low is $14.85. It is trading at 10.5% off its 52-week high and 94.3% off its 52-week low. Its market capitalization is $44,868,098, its earnings per share are $4.04, and its price-to-earnings ratio is 7.13. Its market capitalization as a percent of this universe of stocks is 0.0041%. Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots, cells and modules. The Company’s solar modules provide environmentally-friendly electric power for residential, commercial, industrial, and other applications worldwide.
  • UTstarcom (NASDAQ:UTSI): its recent price is $2.81, its 52-week high is $3.26, and its 52-week low is $1.65. It is trading at 16.0% off its 52-week high and 70.3% off its 52-week low. Its market capitalization is $437,593,423, its earnings per share are ($0.47), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0401%. UTStarcom, Inc. provides communications equipment for service providers that operate wireless and wireline networks. The Company’s integrated suite of network access systems, optical transmission products, and subscriber terminal products allows service providers to offer scalable voice, data, and Internet access services.
  • VanceInfo Technologies (NYSE:VIT): its recent price is $34.55, its 52-week high is $41.06, and its 52-week low is $18.21. It is trading at 18.8% off its 52-week high and 89.7% off its 52-week low. Its market capitalization is $1,528,039,707, its earnings per share are $0.69, and its price-to-earnings ratio is 50.15. Its market capitalization as a percent of this universe of stocks is 0.1400%. VanceInfo Technologies Inc. is an information technology solutions and software development company. The Company’s services includes research and development enterprise solutions, application development and maintenance, quality assurance and testing, as well as globalization and localization.
  • Vimicro International (NASDAQ:VIMC): its recent price is $2.91, its 52-week high is $5.27, and its 52-week low is $2.76. It is trading at 81.1% off its 52-week high and 5.4% off its 52-week low. Its market capitalization is $26,861,396, its earnings per share are ($0.31), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0025%. Vimicro International Corporation manufactures audio and video signal processing chips that enable multimedia communications and applications.
  • VisionChina Media (NASDAQ:VISN): its recent price is $4.38, its 52-week high is $5.10, and its 52-week low is $2.51. It is trading at 16.4% off its 52-week high and 74.5% off its 52-week low. Its market capitalization is $315,976,187, its earnings per share are ($1.85), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0290%. VisionChina Media Inc operates an out-of-home advertising network. The Company uses real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China based on the number of displays.
  • WSP Holdings (NYSE:WH): its recent price is $1.25, its 52-week high is $2.99, and its 52-week low is $1.00. It is trading at 139.2% off its 52-week high and 25.0% off its 52-week low. Its market capitalization is $64,309,312, its earnings per share are ($0.79), and its price-to-earnings ratio is impossible to calculate since earnings are negative. Its market capitalization as a percent of this universe of stocks is 0.0059%. WSP Holdings Ltd. manufactures seamless casing, tubing, and drill pipes used for oil and natural gas exploration, drilling and extraction.
  • Wuxi Pharmatech (NYSE:WX): its recent price is $16.20, its 52-week high is $20.13, and its 52-week low is $14.01. It is trading at 24.3% off its 52-week high and 15.6% off its 52-week low. Its market capitalization is $141,555,769, its earnings per share are $1.22, and its price-to-earnings ratio is 13.3. Its market capitalization as a percent of this universe of stocks is 0.0130%. WuXi PharmaTech (Cayman) Inc. provides pharmaceutical and biotechnology research and development outsourcing. The Company’s services include discovery chemistry, service biology, analytical, pharmaceutical development, and manufacturing.
  • Xinyuan Real Estate (NYSE:XIN): its recent price is $2.43, its 52-week high is $4.10, and its 52-week low is $2.20. It is trading at 68.7% off its 52-week high and 10.5% off its 52-week low. Its market capitalization is $92,150,608, its earnings per share are $0.66, and its price-to-earnings ratio is 3.68. Its market capitalization as a percent of this universe of stocks is 0.0084%. Xinyuan Real Estate Company, Ltd. is a residential real estate developer that focuses on Tier II cities in China. The Company develops large scale residential projects that includes multi-layer buildings, sub-high apartment buildings, hospitals, schools, and others. Xinyuan also develops small scale properties as well.
  • Yazhou Coal Mining (NYSE:YZC): its recent price is $37.17, its 52-week high is $39.80, and its 52-week low is $18.29. It is trading at 7.1% off its 52-week high and 103.2% off its 52-week low. Its market capitalization is $18,281,691,899, its earnings per share are $2.89, and its price-to-earnings ratio is 12.87. Its market capitalization as a percent of this universe of stocks is 1.6751%. Yanzhou Coal Mining Company Limited operates underground mining and coal preparation and operation businesses. Its products are sold in domestic and international markets. The Company also provides railway transportation services.
  • Yingli Green Energy (NYSE:YGE): its recent price is $12.25, its 52-week high is $14.29, and its 52-week low is $8.31. It is trading at 16.7% off its 52-week high and 47.4% off its 52-week low. Its market capitalization is $1,819,461,875, its earnings per share are $1.38, and its price-to-earnings ratio is 8.87. Its market capitalization as a percent of this universe of stocks is 0.1667%. Yingli Green Energy Holding Company Limited designs, manufactures and sells PV modules. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.

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