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Condensed Consolidated Statements of Cash Flows
In Thousands
6 Months Ended
Jun. 30, 2011
USD ($)
Jun. 30, 2011
CNY
Jun. 30, 2010
CNY
Cash flows from operating activities:   
Net income$ 9,243 59,745 51,324
Adjustments to reconcile net income to net cash provided by operating activities:   
Depreciation expense4703,0293,031
Amortization of intangible assets2,61716,91410,902
Deferred income taxes(340)(2,198)(1,799)
Allowance for doubtful accounts(102)(657)2
Loss on disposal of property and equipment  353
Share-based compensation5,76937,28633,691
Change in current assets and liabilities:   
Accounts receivable, net(16,213)(104,791)(7,856)
Bills receivable(1,250)(8,079)(26,649)
Inventories(23,732)(153,391)(94,594)
Prepaid expenses and other receivables2,73217,659(999)
Accounts payable13,79789,179(8,734)
Income taxes receivable2101,357 
Income taxes payable(855)(5,526)(778)
Accrued expenses and other liabilities(1,636)(10,578)(7,712)
Net cash used in operating activities(9,290)(60,051)(49,818)
Cash flows from investing activities:   
Increase in pledged bank deposits(8,598)(55,572) 
Payment for acquisitions of subsidiaries(11,072)(71,565)(51,578)
Purchases of property and equipment(679)(4,389)(4,688)
Net cash used in investing activities(20,349)(131,526)(56,266)
Cash flows from financing activities:   
Purchase of treasury stock(4,868)(31,466)(40,309)
Proceeds from bank borrowings11,36373,444357,630
Net cash provided by financing activities6,49541,978317,321
Effect of exchange rate changes on cash(515)(3,326)(806)
Net increase (decrease) in cash(23,659)(152,925)210,431
Cash at beginning of the period108,246699,650667,320
Cash at end of the period84,587546,725877,751
Supplementary cash flow information:   
Interest paid1,0626,8622,781
Income tax paid$ 2,083 13,463 6,502