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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
6 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
Dec. 31, 2013
All Other [Member]
USD ($)
Dec. 31, 2013
All Other [Member]
CNY
Dec. 31, 2012
All Other [Member]
CNY
Dec. 31, 2013
Related Party [Member]
USD ($)
Dec. 31, 2013
Related Party [Member]
CNY
Dec. 31, 2012
Related Party [Member]
CNY
Cash flows from operating activities:                  
Net income $ 1,110,581 6,786,096 3,549,283            
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                  
Depreciation 49,316 301,341 315,157            
Gain from disposal of equipment 0 0 (68,339)            
Provision/(recovery of) for doubtful accounts 61,957 378,584 (251,451)            
Share based compensation 146,555 895,509 907,153            
Loss from investment 120,300 735,080 0            
Deferred tax provision/(benefit) (5,272) (32,211) 6,024            
Change in fair value of warrants liability (91) (556) 0            
Restricted shares issued to consulting firm 66,767 407,972 0            
Changes in operating assets and liabilities:                  
Trade accounts receivable       (4,562,971) (27,881,579) (20,620,729) 99,912 610,501 4,145,640
Notes receivable 422,044 2,578,855 0            
Other receivables, net       299,549 1,830,372 (793,654) 24,094 147,224 (517,022)
Purchase advance, net       77,384 472,846 (1,435,147) 0 0 699,500
Tax recoverable 94,208 575,650 2,790,722            
Prepaid expense 200,244 1,223,568 424,771            
Inventories (1,440,112) (8,799,658) 11,056,578            
Trade accounts payable       2,572,252 15,717,487 (2,698,700) (653,757) (3,994,718) 3,421,001
Other payables       (91,032) (556,242) (958,746) (118,397) (723,453) 4,898,274
Deferred income 89,152 544,754 (258,569)            
Advances from customers 13,659 83,462 475,295            
Accrued payroll and employees' welfare (268,297) (1,639,401) 272,755            
Accrued expenses 44,067 269,270 (203,646)            
Taxes payable 538,913 3,292,976 54,589            
Net cash provided by (used in) operating activities (1,108,975) (6,776,271) 5,210,739            
Cash flows from investing activities:                  
Purchase of property and equipment (5,973) (36,495) (490,144)            
Proceeds from disposal of equipment 0 0 94,154            
Net cash used in investing activities (5,973) (36,495) (395,990)            
Cash flows from financing activities:                  
Proceeds from short-term bank loans 2,520,293 15,400,000 5,000,000            
Repayments of short-term bank loans (988,479) (6,040,000) (12,000,000)            
Proceeds from short-term borrowings             0 0 1,610,000
Repayment of short-term borrowings       (18,063) (110,375) (949,183) (867,910) (5,303,279) (242,434)
Proceeds from sale of common stock, net of issuance costs 1,985,612 12,132,882 0            
Capital contribution in VIE 0 0 20,000            
Net cash provided by (used in) financing activities 2,631,453 16,079,228 (6,561,617)            
Effect of exchange rate fluctuation on cash and cash equivalents 19,102 116,711 282,730            
Net increase (decrease) in cash and cash equivalents 1,535,607 9,383,173 (1,464,138)            
Cash and cash equivalents at beginning of period 2,021,208 12,350,392 3,533,283            
Cash and cash equivalents at end of period 3,556,815 21,733,565 2,069,145            
Supplemental cash flow information                  
Cash paid during the period for interest 112,894 689,828 943,986            
Cash paid during the period for taxes $ 0 0 0