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Condensed consolidated statements of cash flows - USD ($)
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net profit (loss) $ (6,704,472) $ 17,501,948
Income from discontinued operations, net of tax 0 (1,836,580)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:    
Depreciation and amortization, net 828,479 259,013
Provision for doubtful accounts 632,655 0
Write-down of inventories 355,418 0
Share-based compensation 1,071,564 192,429
Deferred government grants 0 (23,204,113)
Deferred tax liabilities 14,775 5,770,683
Exchange loss (gain) 130,126 (29,433)
Changes in operating assets and liabilities:    
Trade accounts receivable (1,472,143) (4,619,132)
Inventories (8,597,230) (755,529)
Prepayments and other receivables, net (2,949,580) (1,091,475)
Trade accounts and bills payable 11,419,575 488,199
Accrued expenses and other payables 1,317,920 191,663
Taxes payable (462,429) 0
Trade receivable from and payables to former subsidiaries 4,480,219 523,058
Net cash (used in) provided by operating activities 64,877 (6,609,269)
Cash flows from investing activities    
Increase in pledged deposits (6,821) 0
Deferred government grant 0 7,449,075
Purchases of property, plant and equipment and construction in progress (12,215,667) (7,070,412)
Net cash provided by (used in) continuing operations (12,222,488) 378,663
Net cash provided by discontinued operations 0 1,520,782
Net cash provided by (used in) investing activities (12,222,488) 1,899,445
Cash flows from financing activities    
Proceeds from bank borrowings 13,024,446 8,070,504
Repayment to bank borrowings (11,629,181) 0
Borrowings from related party 1,088,196 3,553,864
Repayment to related party 0 (868,817)
Borrowings from unrelated parties and equity investors 6,411,182 9,252,699
Repayment of borrowings from unrelated parties (77,068) (4,726,087)
Net cash provided by financing activities 8,817,575 15,282,163
Effect of exchange rate changes on cash and cash equivalents (297,261) (9,695)
Net increase (decrease) in cash and cash equivalents (3,637,297) 10,562,644
Cash and cash equivalents at the beginning of period 6,762,745 991,519
Cash and cash equivalents at the end of period 3,125,448 11,554,163
Non-cash transactions:    
Purchase of inventories offset against receivables from former subsidiaries 0 618,389
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries 0 4,393,535
Removal expenditures offset against government grants 0 1,007,399
Trade accounts receivable offset against advance from a related company 0 351,335
Receivable from a former subsidiary offset against advance from a related company 0 403,304
Transfer of construction in progress to property, plant and equipment 333,272 12,150,057
Cash paid during the period    
Income taxes 462,429 0
Interest, net of amounts capitalized $ 0 $ 0