I bought one of these a couple of years ago as I couldn't believe
anything could sell for £3.95 including free shipping from China!
I measured distortion of 0.87% at -4dBFS, so thought it was pretty bad. Put it away in a drawer and forgot about it until this morning.
Thanks to John, (Post #15 above) I never thought to check the DC offset, which measures about 0.5v. Take that out just with an output capacitor, and the distortion drops to 0.008%, so both my distortion meter and my ADC are sensitive to DC!

I've only had the distortion meter since 1987 and never noticed!
Mine has an output of around 0.8v for 0dBFS, which is 0dBu, so quite usable for most everyday applications.
Staggering performance for so little, and it really shows that pretty much any DAC, as one would find in a tablet, mobile 'phone or any digital player these days is quite good enough for transparency. It has always made me wonder why anyone ever buys an external DAC when they have a perfectly good one in their CD player/digital player/ tablet/'phone or whatever.
Oh and by the way, I used the wall-wart USB power supply that came with my Lenovo tablet for the measurements this morning.
S.