Indeed valuing company is a difficult task, depending on so many factors. That is why we got stock market swings.
Profit to traders/investors is creately precisely because their superior valuation prediction. (not all the values are created that way, for example, technical traders will have no fun in reading financial statement)
It is even harder to value Chinese companies. If you have expertise, why not shoot me an email:
what_a_wonder(at)yahoo.com?
We can see if any arbitrage is possible here.