Do we really need to repeat ourselves? By now, it's apparent that analysts tracking Chinese growth stocks simply dropped the ball for the third quarter. They aimed too low in targeting the production out of Sohu (NASDAQ:SOHU) and Baidu (NASDAQ:BIDU), and now SINA (NASDAQ:SINA) is the next Wall Street humbler.

Analysts expected revenue to inch just 6% higher at SINA. Instead, the company grew its top line by 13% to hit $56.1 million. Those same pros figured that SINA would only be good for $0.18 a share. It wound up earning $0.19 a diluted share, or $0.25 a share after backing out stock-based compensation and other amortization expenses.

Ad revenue was the real driver here, more than offsetting weakness in the wireless leisure services that were once SINA's bread and butter. The company's balance sheet remains sparkling, with nearly $6 a share in cash.

SINA is rolling again. This marks the third consecutive quarter that the online media company has trounced projections. It's a welcome contrast to the rocky 2005 that found SINA missing badly toward the end of the year.

David Gardner has singled out SINA as a worthy pick for Motley Fool Stock Advisor newsletter subscribers. Clearly there is something special going on in China. Motley Fool Rule Breakers and Hidden Gems have also recommended China-based investments recently.

As long as stateside analysts keep snoozing, it's probably a good place to be.

Longtime Fool contributor Rick Munarriz has been a fan of China's high-margin online stocks for a long time. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. T he Fool has a disclosure policy.