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I have never even heard of the brand before so I did a brief web search. They are a pure Chinese company (not Hong Kong or Taiwan), have no US distribution or warranty service and the internal photos of the MA-DA003 just plain scare me. I've no idea why someone would purchase something like this, from 10,000 miles away with no warranty support, their web site doesn't even show their latest products, and it looks like typical Chinese "high-end".
By that I mean that they pick out a few parts that fit people's check boxes - in this case ESS DAC chips and Cardas RCA jacks, and Nichicon capacitors. They put it into a decent looking chassis made of machined or extruded aluminum. Then the rest of the stuff they just copy either from application notes or competitor's products. All of the other parts in there are the cheapest possible Chinese things they can find - the power transformers, the film caps, the PCB-mounted heatsinks, the PCB itself, and so forth. The PCB quality is very low - they use a black solder mask to hide as many of the problems as they can, the layout is very poor with many of the electrolytic capacitor up off the board because they didn't leave clearance for some other parts underneath.
Then there is the entire issue of fake parts. The photo that shows the two ESS DAC chips looks like the parts have been removed from another board - the leads are not straight, they look hand-soldered instead of proper reflow oven, the markings on one of the chips appears to be rubbed off. Who knows if those are really even ESS chips or not? Or if they are NIchicon caps or not?
I have ordered parts from Hong Kong only to get completely fake things. In this case they had removed dual monolithic Toshiba bipolar transistors from existing equipment, somehow removed the original markings and re-lasered them with markings showing them to be dual monolithic Toshiba JFETs. Putting them on the curve tracer revealed them for exactly what they were. It is hard to comprehend that somebody would go to that much trouble and use fairly sophisticated equipment to sell a$20 worth of fake parts to someone in the US. But I guess if you are starving to death, trying to feed your family on $1 a day, $20 is a fortune and you will do whatever it takes to make that money.
Even if some of the parts are "real", the rest of the parts are the cheapest Chinese junk that will make the circuit work. I'm sure that the suppliers of the passive parts changes each time they build a batch, depending on who has the lowest price that week. This is as far away from the "high-end" philosophy as you can get, but by putting it in a milled aluminium chassis and checking all the buzz-words of the day, they can always find someone who wants a "bargain". As PT Barnum said, "There's one born every minute."
But don't forget about the hidden costs also. China has no EPA nor OSHA. All of the chemical waste is dumped in the closest empty spot of land, or gutter, or river, or ocean. Workers have no safety protections and are using toxic chemicals for cleaning and finishing that will give them liver and brain cancers. I've been there and seen it and have no desire to support it or participate in it. If you want something decent for a low price, just buy the Schiit. Or maybe wait for that Pro-ject DAC. I wouldn't touch an LKS anything with a 10' pole. That's my opinion - YMMV. I just think there is a lot of much higher quality stuff out there than the "Chinese high-end" equipment, from companies around the world who actually know what they are doing and actually care about it, as well.
Hope this helps,
Charles Hansen