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Condensed consolidated statements of cash flows - USD ($)
9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net profit $ 17,501,948 $ 22,559,994
Income from discontinued operations, net of tax (1,836,580) (48,928,143)
Adjustments to reconcile net profit to net cash used in operating activities:    
Depreciation and amortization 259,013 8,251,510
Recovery of doubtful debts 0 (639,390)
Write-down of inventories 0 8,752,543
Share-based compensation 192,429 87,606
Deferred government grants (23,204,113) (245,887)
Deferred tax liabilities 5,770,683 0
Exchange loss (gain) (29,433) 375,127
Changes in operating assets and liabilities:    
Trade accounts receivable (4,619,132) (13,992,484)
Inventories (755,529) 7,163,543
Prepayments and other receivables (1,091,475) (8,768,517)
Accounts payable 488,199 (22,626,190)
Accrued expenses and other payables 191,663 24,964,173
Trade payable to a former subsidiary 523,058 0
Net cash used in continuing operations (6,609,269) (23,046,115)
Net cash provided by discontinued operations 0 3,615,638
Net cash used in operating activities (6,609,269) (19,430,477)
Cash flows from investing activities    
Disposal of subsidiaries, net of cash disposed of $4,163,555 0 (4,163,555)
Increase in pledged deposits 0 7,990,705
Deferred government grant 7,449,075 0
Purchases of property, plant and equipment and construction in progress (7,070,412) (8,456,929)
Purchase of intangible assets 0 (15,825)
Net cash (used in) provided by continuing operations 378,663 (4,645,604)
Net cash (used in) provided by discontinued operations 1,520,782 (3,296,571)
Net cash (used in) provided by investing activities 1,899,445 (7,942,175)
Cash flows from financing activities    
Proceeds from borrowings 8,070,504 91,614,488
Repayment of borrowings 0 (178,695,284)
Borrowings from related party 3,553,864 0
Repayment to related party (868,817) 0
Borrowings from unrelated parties 9,252,699 121,232,353
Repayment of borrowings from unrelated parties (4,726,087) (20,554,868)
Net cash provided by financing activities 15,282,163 13,596,689
Effect of exchange rate changes on cash and cash equivalents (9,695) 49,452
Net (decrease) increase in cash and cash equivalents 10,562,644 (13,726,511)
Cash and cash equivalents at the beginning of period 991,519 13,998,626
Cash and cash equivalents at the end of period 11,554,163 272,115
Non-cash transactions:    
Purchase of inventories offset against receivables from former subsidiaries 618,389 0
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries 4,393,535 0
Removal expenditures offset against government grants 1,007,399 0
Depreciation expenses offset against government grants 19,901 0
Accounts receivable offset against advance from a related company 351,335 0
Bill receivable discounted to the bank 0 913,517
Receivable from a former subsidiary offset against advance from a related company 403,304 0
Transfer of construction in progress to property, plant and equipment 12,150,057 3,391,846
Cash paid during the period for:    
Income taxes 0 0
Interest, net of amounts capitalized $ 0 $ 8,688,340