XML 29 R9.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (1,713) $ 6,541 $ 5,887
Adjustments to reconcile net income (loss) to net cash generated from operating activities:      
Depreciation of property, plant and equipment 7,530 6,099 4,831
Share-based compensation 6,747 3,990  
Change in allowance for doubtful accounts     51
Loss on disposal of property, plant and equipment 20 13 6
Loss from equity method investments 291 239 189
Net loss (gain) on disposal of subsidiaries (1,234) 168  
Amortization of intangible assets 529 0 0
Changes in operating assets and liabilities:      
Accounts receivable (271) 183 (365)
Inventories (1,512) (290) (1,451)
Prepaid expenses and other current assets 1,558 (2,110) (1,438)
Amounts due from related parties (51) (115) 189
Deferred tax assets (4,583) (4,826) (1,687)
Other non-current assets (1,110) (3) (560)
Prepayments from customers (12,872) (3,192) 6,678
Accrued expenses and other current liabilities 5,307 10,927 10,176
Income tax payable 1,749 4,113 3,012
Deferred revenue (91) 1,371 8,343
Other non-current liabilities 534 1,991 1,192
Net cash generated from operating activities 828 25,099 35,053
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired (39,786)    
Investments in term deposits (55,454)   (452)
Proceeds from disposal of subsidiaries 832    
Proceeds from maturity of term deposits 55,454 444  
Purchase of long-term investments (894)   (532)
Purchase of property, plant and equipment (11,480) (11,917) (11,305)
Cash surrendered in disposal of subsidiaries   (168)  
Loans to related parties   (1,010)  
Repayment from loans to related parties   3,818  
Loans to third parties (1,665)    
Repayment of loans to third parties 454    
Proceeds from disposal of property, plant and equipment 804 178 167
Net cash used in investing activities (51,735) (8,655) (12,122)
CASH FLOWS FROM FINANCING ACTIVITIES      
Capital contribution from noncontrolling interests 811 1,337 1,422
Return of capital to Founders   (990)  
Payment of initial public offering costs (1,377) (3,073)  
Proceeds of exercise of options   595  
Proceeds from initial public offering   94,627  
Acquisition of additional equity interest from non-controlling shareholders (190)    
Net cash generated from (used in) financing activities (756) 92,496 1,422
Exchange rate effect on cash and cash equivalents (2,741) 3,666 (2,690)
Net increase (decrease) in cash and cash equivalents, and restricted cash (54,404) 112,606 21,663
Cash and cash equivalents, and restricted cash at beginning of the year 159,234 46,628 24,965
Cash and cash equivalents, and restricted cash at end of the year 104,830 159,234 46,628
Supplemental schedule of cash flow information      
Income taxes paid (5,213) (4,626) (723)
Supplemental schedule of non-cash activities      
Acquisition of property, plant and equipment through deposits made 1,368 2,187 $ 506
Acquisition of property, plant and equipment through payable 414 708  
Return of capital to settle with a loan from a related party   (1,010)  
A loan due from a related party settled with return of capital   $ 1,010  
Unsettled portion of investment and acquisitions $ 5,719