v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 9,272$ 6,949
Reversal of Provision for Inventories1880
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation of property, plant and equipment542540
Impairment loss on plant and machinery and leasehold improvement1,8400
Net compensation gain on disposal of land use rights and buildings(13,053)0
Loss on disposal of property, plant and equipment018
Amortization of long-term land lease prepayments468
Exchange differences2168
Provision for warranty costs224549
Reversal of provision for inventories(188)0
Government grant recognized(25)(24)
Deferred taxes(613)0
Changes in assets and liabilities:  
Other financial assets7414,443
Trade receivables, net11,234(17,570)
Other receivables(24)(171)
Prepayment(3,455)2,826
Due from related parties13
Inventories4155,979
Trade payables5,430(208)
Notes payable(15,572)4,925
Accrued expenses and other accrued liabilities(901)1,467
Due to related parties(2,022)1,551
Income taxes payable622771
Net cash (used in) provided by operating activities(5,465)12,124
Cash flows from investing activities  
Purchase of property, plant and equipment(16,559)(1,685)
Addition of long-term land lease prepayment(741)0
Proceeds on disposal of property, plant and equipment01
Compensation received for loss on plant and machinery and leasehold improvement5,0650
Investment in restricted bank balances, net(765)149
Deposit paid for acquisition of land and buildings0(788)
Acquisition of available-for-sale financial assets0(1,802)
Net cash used in investing activities(13,000)(4,125)
Cash flows from financing activities  
Proceeds from short-term bank loans21,6806,417
Repayment of short-term bank loans(17,688)(8,282)
Proceeds from bills financing41,3630
Repayment of bills financing(30,132)(3,731)
Capital contributed by non-controlling interest37288
Net cash provided by (used in) financing activities15,595(5,508)
Net (decrease) increase in cash and cash equivalents(2,870)2,491
Cash and cash equivalents, beginning of period7,6306,019
Effect on exchange rate changes188102
Cash and cash equivalents, end of period4,9488,612
Supplemental disclosure of cash flow information  
Interest received705198
Interest paid2,2801,268
Tax paid$ 80$ 400