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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net cash provided by operating activities $ 66,949,790 $ 28,429,789
Cash flows from investing activities:    
Purchase of time deposits (163,426,937)
Proceeds from maturity of time deposits 119,741,660
Purchase of and deposits for property, plant and equipment (11,471,899) (64,469,960)
Refund of deposit from an equipment supplier 60,054,417
Government grant related to the industrial project for metric tons biological composite materials 6,953,816
Cash disposed for sales of a subsidiary (3,217)
Net cash used in investing activities (11,475,116) (41,147,004)
Cash flows from financing activities:    
Proceeds from bank borrowings 357,291,327 251,134,403
Repayment of bank borrowings (281,123,795) (347,339,779)
Proceeds from interest-free advances from related parties 289,298
Net cash provided by (used in) financing activities 76,456,830 (96,205,376)
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 7,289,967 10,101,313
Net increase (decrease) in cash, cash equivalents, and restricted cash 139,221,471 (98,821,278)
Cash, cash equivalents, and restricted cash at beginning of period 366,991,840 320,091,665
Cash, cash equivalents, and restricted cash at end of period 506,213,311 221,270,387
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 13,316,939 11,062,464
Income taxes paid 2,276,847 7,064,571
Non-cash investing and financing activities:    
Accrual for purchase of property, plant and equipment $ 1,181,670 $ 196,911