XML 33 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets
¥ in Millions
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Current Assets    
Cash and cash equivalents $ 5,942,842 $ 6,273,389
Restricted cash 328,254 0
Accounts receivable, net 40,640,892 40,484,871
Inventories, net 1,198,750 1,097,048
Advances to suppliers, net 14,794,551 15,597,108
Prepaid value-added taxes 680,857 110,173
Other receivables, net 70,683 120,661
Total current assets 63,656,829 63,683,250
Property, plant and equipment, net 9,269,834 11,118,635
Other Assets    
Advances to suppliers 8,638,260 0
Deferred tax assets 94,153 0
Intangible assets, net 1,788,178 2,102,507
Deposit for asset acquisition 431,913 2,465,600
Deposit for business acquisition 10,423,500 7,705,000
Total Assets 94,302,667 87,074,992
Current Liabilities    
Short-term bank loans 6,694,652 8,444,680
Bank acceptance notes payable 1,727,652 0
Accounts payable 1,947,558 3,072,368
Customer deposits 799,510 606,029
Taxes payable 720,492 804,270
Due to third parties 846,837 0
Accrued liabilities and other payables 1,359,897 1,058,160
Total current liabilities 14,096,598 13,985,507
Stockholders' Equity    
Common stock, $0.001 par value, 50,000,000 shares authorized, 26,811,935 and 21,600,000 shares issued and 24,311,935 and 21,600,000 shares outstanding 24,312 21,600
Additional paid-in capital 26,603,511 15,134,752
Statutory reserves 6,461,788 6,401,235
Retained earnings 52,589,154 48,350,456
Accumulated other comprehensive loss (5,472,696) (262,900)
Total Stockholders' Equity 80,206,069 69,645,143
Noncontrolling interest 0 3,444,342
Total Equity 80,206,069 73,089,485
Total Liabilities and Equity $ 94,302,667 $ 87,074,992