several chinese companies, including CAGC, recently have declared: " ... excluding non-cash charges reflecting the change in fair value of warrants issued and stock compensation, Non-GAAP net income is ... "
What does this mean?
CAGC declared: "4th quarter Non-GAAP fully diluted EPS" is $0.22, that should be considered a good result, "but GAAP net loss was $0.39 loss per diluted share", that seems to be a very bad result. Whichone is more reliable? Why such difference?