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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ 1,417,336 $ (4,187,999) $ 3,466,331
Plus: (Gain) loss from discontinued operations, net of taxes (1,374,342) 1,775,879 (3,124,689)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Amortization 98,349 93,780 117,550
Depreciation 1,940,518 1,638,360 1,436,609
Loss on disposal of property, plant and equipment 86,015 3,662 292,208
Impairment of property, plant and equipment     4,786
Allowance for doubtful accounts   768 56,336
Stock compensation expense 34,121 470,109 11,706
Shares issued to an employee   1,999 1,969
Interest received from available-for-sale investments (13)    
Deferred tax benefit (604) 93,907 (93,553)
Foreign exchange 67,828 (390,511) (292,090)
Changes in operating assets and liabilities:      
Accounts and bills receivable, net (6,656,556) (3,974,939) (8,278,735)
Prepaid expenses 135,753 (74,341) 120,750
Deposits and other assets (139,251) 22,616 (228,652)
Legal claims receivable 15,730 5,077,737 10,089
Amount due from a jointly-controlled entity 13,694 7,937 47,892
Inventories (226,182) (1,040,759) 451,576
Accounts payable 1,573,958 3,003,617 (1,710,966)
Discounted bills   (3,354,398) 3,361,966
Accrued salaries, allowances and other employee benefits 184,139 927,917 76,383
Other accrued liabilities (542,056) 491,005 1,012,085
Accrual for loss contingencies (19) (912,192) 10,045
Amount due to a related party     51,843
Income tax payable 663,564 (458,708) 195,982
Cash used in operating activities - continuing operations (2,708,018) (784,554) (3,002,579)
Cash provided by (used in) operating activities - discontinued operations 16,078,896 (9,237,674) 8,178,541
Net cash provided by (used in) operations 13,370,878 (10,022,228) 5,175,962
Cash flows from investing activities:      
Proceeds from disposal of property, plant and equipment   1,458 11,350
Deposits paid for purchase of property, plant and equipment (3,365)   (145,535)
Purchases of property, plant and equipment (543,188) (4,446,340) (1,035,623)
Increase in land use rights     (72,213)
Decrease (increase) in time deposits 1,567,786 (1,494,953) 4,380,440
Proceeds from disposal of available-for-sale investments 9,000,000 15,986,532 31,962,236
Purchases of available-for-sale investments (8,999,987) (3,000,000) (31,977,976)
Proceeds from maturity of convertible note and related interest receivable     6,102,487
Cash provided by investing activities - continuing operations 1,021,246 7,046,697 9,225,166
Cash used in investing activities - discontinued operations (240,763) (217,028) (927,679)
Net cash provided by investing activities 780,483 6,829,669 8,297,487
Cash flows from financing activities:      
Receipts (deposits) of restricted cash 15,420,274 (14,503,181) (19,044)
Proceeds from short-term bank loans   21,479,662  
Settlement of short-term bank loans (8,930,492) (9,216,587)  
Purchases of treasury stock     (2,136)
Cash provided by (used in) financing activities - continuing operations 6,489,782 (2,240,106) (21,180)
Cash used in financing activities - discontinued operations         
Net cash provided by (used in) financing activities 6,489,782 (2,240,106) (21,180)
Effect of foreign exchange rate changes on cash (53,594) (170,747) 43,445
Net increase (decrease) in cash and cash equivalents 20,587,549 (5,603,412) 13,495,714
Cash and cash equivalents at beginning of fiscal year 19,205,184 24,808,596 11,312,882
Cash and cash equivalents at end of fiscal year 39,792,733 19,205,184 24,808,596
Supplemental disclosure information:      
Cash paid for interest 106,599 270,823 69,665
Cash paid for taxes $ 569,645 $ 623,151 $ 222,438