v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities    
Net (loss) income $ (988) $ 9,496
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation of property, plant and equipment 1,412 807
Impairment loss on plant and machinery and leasehold improvement 1,848 0
Net gain on disposal of land use rights and buildings (13,117) 0
Loss on disposal of property, plant and equipment 0 18
Amortization of long-term land lease prepayments 71 12
Exchange differences 87 252
Provision for warranty costs 457 818
Government grant recognized (38) (36)
Provision for inventories 5,431 0
Deferred taxes (1,302) 0
Changes in assets and liabilities:    
Other financial assets 4,052 1,718
Trade receivables, net 26,746 (17,812)
Other receivables (4,050) (7,080)
Prepayment (2,497) (2,034)
Due from related parties 4 4
Inventories (2,143) 4,465
Trade payables (6,453) (266)
Notes payable (36,931) 12,553
Accrued expenses and other accrued liabilities 8,444 686
Due to related parties (899) 2,393
Income taxes payable (461) 958
Net cash (used in) provided by operating activities (20,327) 6,952
Cash flows from investing activities    
Purchase of property, plant and equipment (32,546) (3,396)
Addition of long-term land lease prepayment (745) 0
Proceeds on disposal of property, plant and equipment 0 1
Compensation received for loss on plant and machinery and leasehold improvement 6,658 0
Investment in restricted bank balances, net (19,279) (4,386)
Deposit paid for acquisition of land and buildings (7,146) (798)
Acquisition of available-for-sale financial assets 0 (1,826)
Net cash used in investing activities (53,058) (10,405)
Cash flows from financing activities    
Proceeds from short-term bank loans 42,662 14,368
Repayment of short-term bank loans (31,721) (10,209)
Proceeds from bills financing 91,686 3,025
Repayment of bills financing (30,304) (3,781)
Capital contributed by non-controlling interest 372 88
Net cash provided by financing activities 72,695 3,491
Net (decrease) increase in cash and cash equivalents (690) 38
Cash and cash equivalents, beginning of period 7,630 6,019
Effect on exchange rate changes 230 180
Cash and cash equivalents, end of period 7,170 6,237
Supplemental disclosure of cash flow information    
Interest received 1,184 315
Interest paid 5,271 2,186
Tax paid $ 1,382 $ 1,458