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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 30,179,696 $ 26,769,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest on capital lease obligation 133,504 147,808
Amortization of prepaid land leases 514,454 510,506
Depreciation and amortization 19,031,650 21,954,512
Write-off/Impairment on property, plant and equipment 90,395 819,701
Unrealized translation difference (729,764) (1,037,429)
Stock-based compensation expense 17,400 353,300
Shares issued from treasury stock for services 15,000 0
Deferred tax asset 0 (81,460)
Changes in assets and liabilities, net of effects of acquisition :    
Accounts receivable (23,296,361) (15,762,057)
Inventories 1,219,588 (623,454)
Prepayments and deposits (20,850) 80,711
Other receivables 0 37,713
Accounts payable and accrued expenses 941,315 (56,477)
Retention payable (356,348) 248,266
Taxes payable 1,474,602 1,554,226
Net cash provided by operating activities 29,214,281 34,915,819
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases (673,934) (683,129)
Purchase of property, plant and equipment (16,749,192) (2,792,700)
Consideration paid for business acquisition 0 (66,305,606)
Cash acquired from acquisition 0 14,074,720
Net cash used in investing activities (17,423,126) (55,706,715)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of capital lease obligation (287,387) (306,683)
Repurchase of common stock 0 (37,713)
Net cash used in financing activities (287,387) (344,396)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (4,026,574) (4,558,171)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 7,477,195 (25,693,463)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 133,606,392 146,585,601
CASH AND CASH EQUIVALENTS - END OF PERIOD 141,083,587 120,892,138
Cash paid during the period for:    
Income taxes 8,740,519 7,527,690
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock upon cashless exercise of options 386 49
Issuance of common stock for acquisition of business $ 0 $ 13,373,140