For consecutive years, it has increased bank borrowings to the tune of hundreds of millions to finance its accounts receivable. This could be due to its surge in sales. But I still think it is a big anomaly as it remains very cash-poor despite the business growth. This, which is hugely concerning, aside, the profit increase is quite interesting, especially if it is genuine (i.e. its accounts receivable are all collectible eventually)
As highlighted above, full of debts (1.1x debt/equity) and razor thin margin (1.x%). Unless its Amazon, but this CIHLG only selling edible oil & water tap. Don't believe the growth rate is sustainable.
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