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Consolidated statements of cash flows - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net profit $ 15,873,926 $ 37,775,916
Income from discontinued operations, net of tax (1,831,237) (64,497,429)
Adjustments to reconcile net profit to net cash used in operating activities:    
Depreciation and amortization 508,945 8,257,676
(Recovery of) provision for doubtful debts 131,745 (639,390)
Waiver of interest 0 8,347,735
Write-down of inventories 221,172 8,752,543
Share-based compensation 750,167 88,745
Deferred government grants (23,103,427) 0
Deferred tax liabilities 101,617 0
Exchange loss (gain) (200,078) 255,146
Changes in operating assets and liabilities:    
Trade accounts and bills receivable (4,349,352) (14,827,964)
Inventories (107,512) 8,629,658
Prepayments and other receivables 132,777 (9,161,926)
Trade receivables from former subsidiaries (801,608) 0
Trade accounts and bills payable 5,016,470 (22,708,363)
Accrued expenses and other payables 400,375 5,850,921
Income taxes payable 5,218,898 0
Deferred income 0 (245,887)
Other long-term payables 0 1,207,894
Net cash used in continuing operations (2,037,122) (32,914,725)
Net cash provided by discontinued operations 0 3,615,638
Net cash used in operating activities (2,037,122) (29,299,087)
Cash flows from investing activities    
Disposal of subsidiaries, net of cash disposed of $4,163,555 0 (4,163,555)
Decrease (increase) in pledged deposits (1,552,326) 7,990,705
Repayment from former subsidiaries 0 876,240
Deferred government grant 7,416,752 0
Purchases of property, plant and equipment and construction in progress (12,851,944) (9,795,663)
Acquisitions of land use rights 0 (9,139,447)
Purchase of intangible assets (28,586) (15,825)
Net cash used in continuing operations (7,016,104) (14,247,545)
Net cash used in discontinued operations 1,514,183 (3,296,571)
Net cash used in investing activities (5,501,921) (17,544,116)
Cash flows from financing activities    
Proceeds from borrowings 12,856,775 96,494,997
Repayment of borrowings (4,821,290) (178,695,284)
Advances from investors 9,847,644 0
Borrowings from unrelated parties 1,601,311 137,689,207
Repayment to unrelated parties (6,355,104) 0
Borrowings from related party 3,747,800 650,735
Repayment to related party (3,532,828) (22,354,791)
Net cash provided by financing activities 13,344,308 33,784,864
Effect of exchange rate changes on cash and cash equivalents (34,039) 51,232
Net (decrease) increase in cash and cash equivalents 5,771,226 (13,007,107)
Cash and cash equivalents at the beginning of year 991,519 13,998,626
Cash and cash equivalents at the end of year 6,762,745 991,519
Non-cash transactions:    
Purchase of inventories offset against receivables from former subsidiaries 615,706 3,295,456
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries 6,831,398 4,268,397
Payment of construction in progress offset against receivables from former subsidiaries 0 558,577
Advance from an unrelated third party offset against consideration from disposal of subsidiaries 0 83,812,839
Waiver of interest offset against consideration from disposal of subsidiaries 0 8,347,735
Bills receivable discounted to banks 0 913,517
Removal expenditures offset against government grants 1,003,027 0
Depreciation expenses offset against government grants 66,169 0
Accounts receivable offset against advance from a related company 349,810 0
Receivable from a former subsidiary offset against advance from a related company 401,774 0
Transfer of construction in progress to property, plant and equipment 22,944,570 0
Cash paid during the period for:    
Income taxes 0 0
Interest, net of amounts capitalized $ 0 $ 8,452,669