v2.4.0.6
Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net (loss) income $ (41,023) $ 9,272
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 1,687 542
Allowance for doubtful debts 13,478 0
Impairment loss on other receivable 1,248 0
Impairment loss on plant and machinery and leasehold Improvement 836 1,840
Net compensation gain on disposal of land use rights and Buildings 0 (13,053)
Amortization of long-term land lease prepayments 51 46
Exchange differences 0 21
Provision for warranty costs 11,753 224
Government grant recognized (26) (25)
Reversal of provision for inventories 0 (188)
Deferred taxes 0 (613)
Changes in assets and liabilities:    
Other financial assets 558 741
Trade receivables, net (4,205) 11,234
Other receivables (323) (24)
Prepayment 1,998 (3,455)
Due from related parties (14) 1
Inventories (3,005) 415
Trade payables 1,813 5,430
Notes payable (3,740) (15,572)
Accrued expenses and other accrued liabilities (8,355) (901)
Due to related parties 834 (2,022)
Income taxes payable 0 622
Net cash used in operating activities (26,435) (5,465)
Cash flows from investing activities    
Purchase of property, plant and equipment and construction in progress (11,436) (16,559)
Addition of long-term land lease prepayment 0 (741)
Compensation received for loss on plant and machinery and leasehold improvement 951 5,065
Investment in restricted bank balances, net 18,991 (765)
Refund of deposit paid for land auctions 31,273 0
Deposit paid for acquisition of land and property, plant and equipment 3,827 0
Acquisition of assets classified as held for sale (32,206) 0
Net cash provided by (used in) investing activities 11,400 (13,000)
Cash flows from financing activities    
Proceeds from short-term bank loans 65,664 21,680
Repayment of short-term bank loans (37,211) (17,688)
Proceeds from bills financing 100,612 41,363
Repayment of bills financing (116,788) (30,132)
Due to a related party (665) 0
Capital contributed by non-controlling interest 0 372
Net cash provided by financing activities 11,612 15,595
Net decrease in cash and cash equivalents (3,423) (2,870)
Cash and cash equivalents, beginning of period 13,804 7,630
Effect on exchange rate changes 0 188
Cash and cash equivalents, end of period 10,381 4,948
Supplemental disclosure of cash flow information    
Interest received 1,228 705
Interest paid 7,594 2,280
Tax paid $ 0 $ 80