Since the last time JA reported earnings, chairman and chief executive Baofang Jin offered to take the Shanghai-based company private, proposing to buy the 84% or so of outstanding shares he does not already own or control.

JA has established a special committee to consider his $9.69 per share offer, and has hired special financial and legal advisors to help evaluate its options.

In the meantime, Jin continues to lead the company.

During the second quarter, JA’s shipments to Asia excluding China fell sharply, and shipments to the Americas dwindled to almost nothing.