v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net (loss) income including non-controlling interests $ (15,794) $ 11,074
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 1,994 1,093
Impairment losses on property, plant and equipment 4,705 0
Net gain on disposal of land use rights and buildings (13,117) 0
Loss on disposal of property, plant and equipment 37 151
Compensation for loss of equipment 0 (851)
Amortization of long-term land lease prepayments 98 10
Provision for inventories 0 188
Exchange differences 61 306
Provision for warranty costs 895 948
Government grant recognized (51) (48)
Changes in assets and liabilities:    
Other financial assets 4,127 3,078
Trade receivables, net 54,345 (12,745)
Other receivables (9,019) (2,678)
Prepayments 3,341 (1,430)
Due from a related party 4,629 (1)
Inventories 3,665 5,897
Trade payables 2,405 236
Notes payable (32,176) 11,694
Accrued expenses and other accrued liabilities 7,652 2,346
Due to related parties (5,967) 1,491
Income taxes payable (997) 807
Net cash provided by operating activities 10,833 21,566
Cash flows from investing activities    
Purchase of property, plant and equipment (35,269) (6,723)
Proceeds on disposal of property, plant and equipment 0 41
Addition of long-term land lease prepayments (741) (4,095)
Compensation received for loss of plant and machinery and leasehold improvement 13,016 1,036
Investment in restricted bank balances, net (44,149) (22,000)
Deposit paid for land auctions (30,898) 0
Deposit paid for acquisition of land and property, plant and equipment (8,066) (3,838)
Acquisition of available-for-sale financial assets 0 (1,844)
Acquisition of trading securities (78) 0
Net cash used in investing activities (106,185) (37,423)
Cash flows from financing activities    
Proceeds from short-term bank loans 70,349 47,175
Repayment of short-term bank loans (55,553) (55,602)
Proceeds from bills financing 137,461 29,389
Repayment of bills financing (52,216) (3,817)
Due to a related party 814 0
Non-controlling interests 428 88
Net cash provided by financing activities 101,283 17,233
Net increase in cash and cash equivalents 5,931 1,376
Cash and cash equivalents, beginning of year 7,630 6,019
Effect on exchange rate changes 243 235
Cash and cash equivalents, end of year 13,804 7,630
Supplemental disclosure of cash flow information    
Interest received 1,347 483
Interest paid 6,956 3,057
Tax paid $ 2,044 $ 1,643