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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,088,997 $ 29,972,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest on capital lease obligation 158,673 159,950
Amortization of prepaid land leases 298,910 262,567
Depreciation and amortization 16,995,684 12,543,179
Write-off/Impairment loss on property, plant and equipment 1,042,138 7,570,566
Exchange gain on inter-company balances (154,998)   
Compensation income from local government for demolition of factory    (1,340,026)
Stock-based compensation expense 503,300 7,467,000
Deferred tax asset 271,261 (1,823,019)
Changes in assets and liabilities:    
Accounts receivable (20,255,706) (1,792,588)
Inventories (376,048) (350,201)
Prepayments and deposits (13,430) 3,005
Other receivables    (300,000)
Accounts payable and accrued expenses (953,261) 3,444,367
Retention payable 865,769   
Taxes payable (728,775) (2,275,794)
Net cash provided by operating activities 10,742,514 53,541,606
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases (477,678) (403,834)
Compensation received for demolition of factory    1,340,026
Purchase of property, plant and equipment (29,447,905) (34,457,775)
Increase in construction in progress    (5,230,232)
Net cash used in investing activities (29,925,583) (38,751,815)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repurchase of common stock    (500,000)
Repayment of capital lease obligation (297,598) (288,739)
Net cash used in financing activities (297,598) (788,739)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (451,033) 3,326,324
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (19,931,700) 17,327,376
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 78,576,060 68,494,480
CASH AND CASH EQUIVALENTS - END OF PERIOD 58,644,360 85,821,856
Cash paid during the period for:    
Income taxes 4,829,992 16,893,973
Interest paid    1,743
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Inception of capital lease obligation for acquiring property, plant and equipment    3,127,913
Issuance of common stock for exercising stock options    $ 5