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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities:    
Net income $ 12,671,552 $ 16,145,634
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 6,222,600 3,311,618
(Gain)/loss from disposition of property, plant and equipment (45,242) 69,628
(Recovery from)/allowance for bad debts (2,882) 12,179
Stock-based expense for service received 378,065 30,369
Deferred tax (385,166)   
Changes in operating assets and liabilities:    
Accounts and notes receivable 149,802 (294,494)
Prepayments and other current assets 789,462 (112,098)
Inventories 965,723 3,921,066
Accounts payable (1,644,669) (278,873)
Notes payable 553,973   
Accrued payroll and employee benefits (71,853) 49,844
Other payables and accrued liabilities 325,358 (1,030,876)
Income taxes payable (306,701) (95,535)
Net Cash Provided by Operating Activities 19,600,022 21,728,462
Cash Flows from Investing Activities:    
Prepayment/deposit for purchase of property, plant and equipment (3,927,667) (133,314)
Refund of prepayment for purchase of property, plant and equipment (3,109,418)   
Purchases of property, plant and equipment (10,747,083) (29,392,070)
Proceeds from disposal of property, plant and equipment 175,416 748
Net Cash Used in Investing Activities (11,389,916) (29,524,636)
Cash Flows from Financing Activities:    
Proceeds from related party loans 890,000   
Repayment of related party loans (1,090,000) (2,080,636)
Proceeds from bank loans 4,352,643 8,345,664
Repayments of bank loans (2,849,003) (4,975,033)
Dividends paid (461,494)   
Net Cash Provided by Financing Activities 842,146 1,289,995
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,527) 103,213
Net Increase/(Decrease) in Cash and Cash Equivalents 9,050,725 (6,402,966)
Cash and Cash Equivalents - Beginning of Period 4,165,446 11,348,108
Cash and Cash Equivalents - End of Period 13,216,171 4,945,142
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 417,712 512,748
Cash paid for income taxes $ 5,362,593 $ 5,955,602