v2.3.0.11
Consolidated Statements of Cash Flows
In Thousands
 12 Months Ended
Dec. 31, 2010
USD ($)
Dec. 31, 2010
CNY
Dec. 31, 2009
CNY
Dec. 31, 2008
CNY
OPERATING ACTIVITIES        
Net income $ 63,080 416,330 279,014 195,866
Adjustments to reconcile net income to net cash generated from operating activities:        
Depreciation 4,629 30,552 18,791 6,222
Amortization of acquired intangible assets 3,261 21,520 9,654 3,260
Impairment loss for acquired intangible assets 697 4,600    
Allowance for doubtful receivables 778 5,136 1,885 251
Change in fair value of contingent consideration payables     5,946  
Compensation expenses associated with stock options 3,365 22,211 6,609 45,659
Loss (gain) on disposal of property, plant and equipment (15) (97) 26 249
Investment income (6,249) (41,244) (18,905)  
Share of income of affiliates (1,955) (12,904) (774) (135)
Gain on disposal of investment in a subsidiary       (525)
Deferred taxes (220) (1,450) 2,835 (4,175)
Changes in operating assets and liabilities:        
Accounts receivable (9,356) (61,750) (85,639) (58,265)
Insurance premium receivables 21 141 (213) 2,419
Other receivables (1,205) (7,951) (5,167) (13,827)
Other current assets (963) (6,357) (762) (3,927)
Accounts payable 2,090 13,793 13,071 48,415
Insurance premium payables (92) (607) (2,243) (11,361)
Other payables and accrued expenses (3,392) (22,386) 16,004 13,641
Accrued payroll 1,004 6,629 7,631 6,830
Income taxes payable (376) (2,482) 11,170 23,310
Other tax liabilities 452 2,981 666 712
Net cash generated from operating activities 55,554 366,665 259,599 254,619
Cash flows from investing activities:        
Addition in other investments (380) (2,509) (1,401) (189)
Addition in investment in affiliates (5,986) (39,511) (68,269) (292)
Purchase of property, plant and equipment (3,697) (24,398) (47,792) (51,828)
Proceeds from disposal of property and equipment 216 1,425 2,059 759
Acquisition of subsidiaries, net of cash acquired of RMB41,025, RMB2,006 and RMB18,156 (US$2,751) in 2008, 2009 and 2010, respectively (46,643) (307,844) (330,652) (23,868)
Disposal of investment in subsidiaries, net of cash disposed of RMB64, RMB255, and RMB5,283 (US$800) in 2008, 2009 and 2010, respectively (414) (2,733) 4,110 1,545
Amounts due from related parties       (187,595)
Repayments from (to) related parties (2,611) (17,231) 183,459  
Decrease (increase) in restricted cash (1,094) (7,220) 2,243 8,548
Net cash used in investing activities (60,609) (400,021) (256,243) (252,920)
Cash flows from financing activities:        
Repayments of bank loans       (1,634)
Payment for contingent consideration (18,997) (125,380)    
Acquisition of additional interest in a subsidiary (365) (2,410)   (3,000)
Increase in capital injection by noncontrolling interests 1,863 12,295 20,315 10,612
Advances from related parties       10,598
Repayments to related parties (1,350) (8,907) (8,923)  
Proceeds from share issuances 112,692 743,767    
Proceeds on exercise of stock options 1,527 10,075    
Repurchase of ordinary shares (5,650) (37,287)    
Dividends paid (12,270) (80,985) (68,558)  
Net cash generated from (used in) financing activities 77,450 511,168 (57,166) 16,576
Net increase (decrease) in cash and cash equivalents 72,395 477,812 (53,810) 18,275
Cash and cash equivalents at beginning of year 220,892 1,457,890 1,510,432 1,544,817
Effect of exchange rate changes on cash and cash equivalents (1,638) (10,818) 1,268 (52,660)
Cash and cash equivalents at end of year 291,649 1,924,884 1,457,890 1,510,432
Supplemental disclosure of cash flow information:        
Interest paid 1 5 4 95
Income taxes paid $ 14,829 97,869 80,826 42,590