v2.3.0.11
Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2010
USD ($)
Dec. 31, 2010
CNY
Dec. 31, 2009
CNY
Dec. 31, 2008
CNY
Cash flows from operating activities:        
Net income $ 122,367,431 807,625,038 859,019,253 1,113,588,154
Adjustments for:        
Deferred taxes (4,845,584) (31,980,857) 12,130,935 (28,623,458)
Share-based compensation expense 5,043,821 33,289,216 30,575,390 46,131,574
Depreciation of property and equipment 8,249,178 54,444,577 52,965,806 40,126,174
Amortization of intangible assets and other assets 4,796,627 31,657,738 15,703,041 8,120,619
Loss from disposal of property and equipment 638,400 4,213,443 204,061 72,641
Impairment of intangible assets 7,054,192 46,557,669    
Allowance for doubtful debts (156,325) (1,031,746) 162,318 6,639,131
Unrealized loss on investment held-for-trading       300,493
Net realized gain on investment held-for-trading     (320,777)  
Interest income (2,847,328) (18,792,361) (30,060,909) (3,165,441)
Gain on deconsolidation of a subsidiary (10,420,311) (68,774,051)    
Share of loss of an equity investee 98,198 648,106    
Changes in assets and liabilities:        
Increase in accounts receivable (1,082,570) (7,144,958) (961,407) (824,613)
Decrease/(increase) in prepayments and other current assets 6,108,569 40,316,553 (47,336,596) (4,204,600)
Decrease/(increase) in due from a related party 544 3,592 (3,592) (633,470)
Increase in due from research-and-development entity partners (1,633,879) (10,783,600)    
Decrease/(increase) in inventories 43,956 290,102 728,747 (1,066,926)
Decrease in long-term deposits       7,600
Increase in other assets     (85,239,597)  
Increase/(decrease) in payables and accrued expenses 3,415,663 22,543,374 29,302,376 (94,384,161)
(Decrease)/increase in advances from distributors (2,129,964) (14,057,759) 2,945,310 (41,185,858)
(Decrease)/increase in Unrecognized Tax Benefit 727,827 4,803,660 5,142,414 (26,099,164)
Decrease/(increase) in Tax payable 2,546,554 16,807,255 (11,358,696) 16,741,580
Decrease/(increase) in deferred revenue 18,409,684 121,503,917 (81,839,193) 78,159,635
Net cash provided by operating activities 156,384,683 1,032,138,908 751,758,884 1,109,699,910
Cash flows from investing activities:        
Payment for short-term investments (1,033,910,000) (6,823,806,000) (3,239,964,493) (5,450,689,074)
Proceeds received from maturity of short-term investments 1,192,802,121 7,872,494,000 2,810,062,992 2,073,871,859
Deposit for purchase of an office building (2,866,818) (18,921,000)    
Investment in equity investees (454,545) (3,000,000)    
Increase in long-term investments (3,105,339) (20,495,239)    
Payment for available-for-sale investments     (34,157,500) (348,683,006)
Payment for held-to-maturity securities     (500,000,000)  
Purchase of property and equipment (3,163,725) (20,880,588) (20,969,714) (131,086,137)
Capitalized product development costs and purchased software (2,371,803) (15,653,901) (35,383,116) (17,657,708)
Proceeds from deconsolidation of a subsidiary 4,337,121 28,625,000    
Deconsolidation of a subsidiary (3,787,879) (25,000,000)    
Acquisition of a subsidiary, net of cash acquired (2,275,275) (15,016,811) (1,510,103)  
Net cash (used in) provided by investing activities 145,203,858 958,345,461 (1,021,921,934) (3,874,244,066)
Cash flows from financing activities:        
Proceeds from exercise of share options 2,691,028 17,760,783 18,734,326 10,752,003
Dividends to shareholders (42,291,363) (279,122,994) (277,652,205) (593,498,287)
Repurchase of shares     (62,846,075) (1,987,411,477)
Capital contribution from non controlling interests 1,626,821 10,737,017 5,145,000  
Proceeds paid to selling shareholder       (13,710,697)
Net cash used in financing activities (37,973,514) (250,625,194) (316,618,954) (2,583,868,458)
Effect of exchange rate changes on cash and cash equivalents (9,102,746) (60,078,122) (12,335,583) (250,784,373)
Net (decrease) increase in cash and cash equivalents 254,512,281 1,679,781,053 (599,117,587) (5,599,196,987)
Cash and cash equivalents at the beginning of year 166,235,647 1,097,155,269 1,696,272,856 7,295,469,843
Cash and cash equivalents at the end of year 420,747,928 2,776,936,322 1,097,155,269 1,696,272,856
Supplemental disclosures:        
Income tax paid (17,585,773) (116,066,099) (99,688,366) (110,575,684)
Interest received 22,807,862 150,531,887 72,139,558 181,798,237
Non-cash operating activities, Deconsolidation of a subsidiary        
- Intangible assets 3,787,879 25,000,000    
-Due from related parties (3,787,879) (25,000,000)    
-Non-controlling interest 568,182 3,750,000    
Non-cash investing activities        
- Acquisition of property and equipment included in payables and accrued expenses 286,357 1,889,955 (3,161,223) (4,613,467)
Investment in Huayi Juren Information $ (4,965,795) (32,774,051)