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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Jun. 30, 2013
USD ($)
Jun. 30, 2013
CNY
Jun. 30, 2012
CNY
Jun. 30, 2013
All Other [Member]
USD ($)
Jun. 30, 2013
All Other [Member]
CNY
Jun. 30, 2012
All Other [Member]
CNY
Jun. 30, 2013
Related Party [Member]
USD ($)
Jun. 30, 2013
Related Party [Member]
CNY
Jun. 30, 2012
Related Party [Member]
CNY
Cash flows from operating activities:                  
Net income (loss) $ 100,116 619,541 (3,514,482)            
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                  
Depreciation 99,957 618,552 361,790            
Loss from disposal of equipment 6,142 38,006 8,056            
Provision/(recovery of) for doubtful accounts (121,056) (749,121) 3,919,052            
Stock based compensation 299,385 1,852,656 1,239,788            
Deferred tax (benifit)/provision 16,173 100,080 (648,668)            
Changes in operating assets and liabilities:                  
Trade accounts receivable       4,057,322 25,107,519 (42,916,527) 108,622 672,175 5,588,423
Notes receivable (416,738) (2,578,855) 1,276,574            
Other receivables, net       (689,031) (4,263,858) 447,706 (117,126) (724,799) 4,365,271
Purchase advance, net       (354,028) (2,190,796) (4,488,357) 113,038 699,500 (103,706)
Tax recoverable 357,951 2,215,072 (2,790,722)            
Prepaid expense (374,684) (2,318,620) 480,963            
Inventories 1,779,230 11,010,230 (1,705,206)            
Trade accounts payable       (730,648) (4,521,395) 5,585,072 (217,270) (1,344,513) 5,339,231
Other payables       (60,944) (377,135) 380,902 507,485 3,140,416 1,037,782
Deferred income 14,594 90,309 870,576            
Advances from customers (75,212) (465,424) 153,179            
Accrued payroll and employees' welfare 168,580 1,043,204 791,755            
Accrued expenses 1,990 12,314 131,401            
Taxes payable (473,028) (2,927,192) 2,489,497            
Net cash provided by (used in) operating activities 4,000,820 24,757,866 (21,700,650)            
Cash flows from investing activities:                  
Purchase of property and equipment (121,777) (753,583) (1,031,028)            
Long-term investment (250,388) (1,549,450) 0            
Proceeds from disposal of equipment 26,179 162,000 18,787            
Net cash used in investing activities (345,986) (2,141,033) (1,012,241)            
Cash flows from financing activities:                  
Proceeds from short-term bank loans 1,615,979 10,000,000 23,000,000            
Repayments of short-term bank loans (3,716,751) (23,000,000) (5,000,000)            
Proceeds from short-term borrowings       93,577 579,073 2,153,780 317,128 1,962,450 4,991,907
Repayment of short-term borrowings       (448,558) (2,775,764) (1,130,000) (94,127) (582,477) (1,780,000)
Capital contribution in VIE 3,232 20,000 500,000            
Net cash provided by (used in) financing activities (2,229,520) (13,796,718) 22,735,687            
Effect of exchange rate fluctuation on cash and cash equivalents (488) (3,006) 24,543            
Net increase in cash and cash equivalents 1,424,826 8,817,109 47,339            
Cash and cash equivalents at beginning of year 570,971 3,533,283 3,485,944            
Cash and cash equivalents at end of year 1,995,797 12,350,392 3,533,283            
Supplemental cash flow information                  
Cash paid during the period for interest 219,221 1,356,581 442,719            
Cash paid during the period for taxes $ 134,454 832,028 494,087