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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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12 Months Ended | |||||||||||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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| Cash flows from operating activities | ||||||||||||
| Net income | $ 97,399,420 | [1] | $ 105,792,014 | [1] | $ 100,697,586 | [1],[2] | ||||||
| Discontinued operations, net of tax | (51,910,662) | [1] | (84,494,428) | [1] | (90,257,249) | [1],[2] | ||||||
| Income from continuing operations | 45,488,758 | 21,297,586 | 10,440,337 | [2] | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities | ||||||||||||
| Depreciation of property, plant and equipment | 3,297,751 | 2,983,086 | 1,917,747 | [2] | ||||||||
| Available-for-sales financial instrument fair value adjustment | 0 | 0 | 705 | [2] | ||||||||
| Short term investment income | 0 | (15,860) | 0 | [2] | ||||||||
| Amortization of operating license rights | 720,339 | 0 | 0 | [2] | ||||||||
| Changes in operating assets and liabilities | ||||||||||||
| Accounts receivable - third parties | 2,788,320 | (10,562,176) | 1,627,853 | [2] | ||||||||
| Accounts receivable - related parties | 0 | 4,584,509 | (3,426,607) | [2] | ||||||||
| Other receivables | 19,201 | 6,797,156 | (323,246) | [2] | ||||||||
| Prepaid expenses | (1,925,477) | (218,759) | (157,077) | [2] | ||||||||
| Inventories | (8,766,511) | 2,397,340 | (1,848,587) | [2] | ||||||||
| Accounts payable - third parties | 2,081,172 | (43,377) | (73,055) | [2] | ||||||||
| Accounts payable - related parties | 13,944,394 | 3,060,668 | (1,423,494) | [2] | ||||||||
| Receipt in advance | 292,802 | (1,160,618) | 771,142 | [2] | ||||||||
| Accrued liabilities and other payables | 2,737,334 | 763,533 | 204,254 | [2] | ||||||||
| Net cash provided by operating activities from continuing operations | 47,651,313 | 42,558,162 | 7,709,972 | [2] | ||||||||
| Cash flows from investing activities | ||||||||||||
| Payment for long term investment | 0 | (2,661,766) | (649,752) | [2] | ||||||||
| Proceeds from disposition of / (payment for) short-term investment | 0 | 808,052 | (774,220) | [2] | ||||||||
| Proceeds from deferred income | 8,320,882 | 0 | 0 | [2] | ||||||||
| Payment for fixed asset deposits | (1,901,220) | 0 | 0 | [2] | ||||||||
| Purchase of property, plant and equipment | (256,831,561) | (33,692,090) | (7,086,080) | [2] | ||||||||
| Advance to related parties | (312,569) | (41,505,027) | (21,574,926) | [2] | ||||||||
| Disposal of subsidiaries, net of cash | (84,917,899) | 0 | 0 | [2] | ||||||||
| Net cash used in investing activities from continuing operations | (335,642,367) | (77,050,831) | (30,084,978) | [2] | ||||||||
| Cash flows from financing activities | ||||||||||||
| Proceeds from short-term loans | 43,713,708 | 51,384,055 | 21,337,156 | [2] | ||||||||
| Repayment of short-term loans | (60,613,140) | (48,079,121) | (10,055,693) | [2] | ||||||||
| Proceeds from long-term loans | 55,811,568 | 26,617,656 | 0 | [2] | ||||||||
| Repayment of long-term loans | (7,584,023) | (1,845,808) | 0 | [2] | ||||||||
| Proceeds from capital injection | 0 | 5,955,756 | 0 | [2] | ||||||||
| Advance from related parties, net of reception in form of note receivable | (777) | 9,075,004 | 12,361,389 | [2] | ||||||||
| Net cash provided by financing activities from continuing operations | 31,327,336 | 43,107,542 | 23,642,852 | [2] | ||||||||
| Cash flow from discontinued operations | ||||||||||||
| Net cash provided by operating activities from discontinued operations | 79,605,841 | 92,587,488 | 67,151,092 | [2] | ||||||||
| Net cash provided by/(used in)investing activities from discontinued operations | 7,099,979 | (42,204,987) | (47,811,882) | [2] | ||||||||
| Net cash (used in)/provided by financing activities from discontinued operations | (407,030) | 560,216 | 12,408 | [2] | ||||||||
| Net cash provided by discontinued operations | 86,298,790 | 50,942,717 | 19,351,618 | [2] | ||||||||
| Effect of exchange rate | 3,032,812 | 1,726,785 | 4,565,872 | [2] | ||||||||
| Net (decrease)/increase in cash | (167,332,116) | 61,284,375 | 25,185,336 | [2] | ||||||||
| Cash at the beginning of period | 175,488,715 | [3] | 114,204,340 | [2],[3] | 89,019,004 | [2] | ||||||
| Cash at the end of period | 8,156,599 | [3] | 175,488,715 | [3] | 114,204,340 | [2],[3] | ||||||
| Supplemental disclosure of non-cash transaction eliminated in above: | ||||||||||||
| Banker's acceptance notes received from related parties | 3,745,196 | 0 | 0 | [2] | ||||||||
| Purchase of prepaid operating license rights | 216,101,695 | 0 | 0 | [2] | ||||||||
| Purchase of property, plant and equipment by setting off advances to related parties | 55,064,953 | 0 | 0 | [2] | ||||||||
| Deposit on setting up Joint Venture netted of accounts payable-related parties | 6,090,302 | 0 | 0 | [2] | ||||||||
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Discontinued Operations [Member]
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| Supplemental disclosure of cash flow information: | ||||||||||||
| Income tax paid | 17,278,643 | 29,324,336 | 26,956,670 | [2] | ||||||||
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Continuing Operations [Member]
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| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest paid | 4,060,069 | 3,428,193 | 952,200 | [2] | ||||||||
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Related Party [Member]
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| Changes in operating assets and liabilities | ||||||||||||
| Receipt in advance | $ (13,026,770) | $ 12,675,074 | $ 0 | [2] | ||||||||
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