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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
CONSOLIDATED STATEMENTS OF CASH FLOWS        
Net income $ 13,044,057 79,528,309 188,151,454 312,994,474
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 16,873,136 102,873,823 97,416,071 83,808,331
Amortization expense 885,236 5,397,193 4,976,783 4,976,783
Amortized issuance cost of bonds 728,614 4,442,288    
Changes in operating assets and liabilities:        
Trade accounts receivable (9,133,095) (55,683,569) (2,756,551) (171,542,845)
Inventories (35,251,561) (214,925,240) (52,075,060) 10,736,967
Prepaid expenses and other current assets (36,784,724) (224,272,782) 51,633,164 (79,050,747)
Trade accounts payable 2,733,701 16,667,100 (594,986) (16,022,516)
Accrued expenses and other payables 5,351,996 32,630,587 7,836,558 14,672,516
Income tax payable 403,072 2,457,487 (27,814,007) 14,767,904
Net cash provided by/(used in) operating activities (41,149,568) (250,884,804) 266,773,426 175,340,867
Cash flows from investing activities:        
Restricted bank deposits 5,405,916 32,959,333 (75,000,000)  
Purchases of property, plant and equipment (31,847,149) (194,168,883) (48,808,296) (303,083,944)
Payments of land use rights     (89,648,135)  
Refund from excess payments of land use rights 912,894 5,565,821    
Purchases of available-for-sale securities (2,916,026) (17,778,718)    
Net cash used in investing activities (28,444,365) (173,422,447) (213,456,431) (303,083,944)
Cash flows from financing activities:        
Proceeds from borrowings 149,453,001 911,200,000 1,009,700,000 525,700,000
Repayments of borrowings (174,055,668) (1,061,200,000) (676,200,000) (515,000,000)
Proceeds from the issuance of bonds, net of issuance costs paid 79,525,661 484,860,000    
Net cash provided by financing activities 54,922,994 334,860,000 333,500,000 10,700,000
Effect of foreign currency exchange translation 4,166 25,405 (100) (65,787)
Net increase (decrease) in cash (14,666,773) (89,421,846) 386,816,895 (117,108,864)
Cash-beginning of year 100,164,452 610,692,645 223,875,750 340,984,614
Cash-end of year 85,497,679 521,270,799 610,692,645 223,875,750
Supplemental disclosure of cash flow information:        
Income taxes 4,050,017 24,692,546 90,531,158 90,426,776
Interest 8,420,164 51,336,899 42,767,789 34,114,359
Non-cash investing activities:        
Accrued fixed asset purchases $ 1,836,224 11,195,275 6,800,347 37,639,864