|
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
| Cash flows from operating activities: |
|
|
|
| Net loss |
$ (40,118) |
$ (25,107) |
$ (20,681) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
| Depreciation |
4,490 |
3,689 |
3,559 |
| Provision for doubtful accounts |
1,566 |
436 |
|
| Inventory provision |
(1,264) |
|
|
| Amortization |
655 |
1,244 |
557 |
| Deferred income tax benefits |
(473) |
(155) |
(42) |
| Share-based compensation expense |
2,421 |
4,063 |
8,955 |
| Loss/(gain) from disposal of property and equipment |
(11) |
838 |
14 |
| Assets impairment |
6,599 |
|
|
| Gain on sale of marketable equity securities |
(1,517) |
(367) |
(2,461) |
| Equity in profit of an unconsolidated affiliate, net of tax |
|
|
(3) |
| Loss from discontinued operations |
205 |
6,481 |
|
| Loss attributable to non-controlling interest |
(11,918) |
(6,463) |
(1,914) |
| Changes in assets and liabilities: |
|
|
|
| Restricted cash |
1,438 |
|
(132) |
| Accounts and notes receivable |
(656) |
(9,603) |
(2,335) |
| Amount due from related party |
621 |
(10,465) |
|
| Inventories |
(3,789) |
(4,947) |
5,763 |
| Prepayments and other current assets |
(10) |
(64) |
(1,750) |
| Other assets |
|
(230) |
(62) |
| Accounts payable |
1,903 |
2,420 |
(3,113) |
| Amount due to related party |
(3,886) |
4,848 |
|
| Notes payable |
983 |
30 |
|
| Taxes payable |
208 |
122 |
120 |
| Advances from customers |
1,625 |
(358) |
593 |
| Accrued expenses and other current liabilities |
720 |
1,713 |
1,361 |
| Product warranty |
158 |
117 |
25 |
| Deferred government grants |
1,360 |
706 |
3,844 |
| Net cash used in operating activities |
(26,772) |
(31,052) |
(5,788) |
| Cash flows from investing activities: |
|
|
|
| Short-term time deposits placed with financial institutions |
|
|
(43,913) |
| Maturity of short-term time deposits |
12,380 |
31,555 |
14,892 |
| Purchase of marketable equity securities |
|
|
(627) |
| Change in restricted cash |
|
(4,826) |
73,157 |
| Proceeds from disposal of marketable equity securities |
1,585 |
387 |
3,759 |
| Purchase of property, equipment and software |
(11,685) |
(5,524) |
(2,697) |
| Cash payment for business acquisition |
|
|
(8,198) |
| Land use rights payments |
|
(9,423) |
(3,584) |
| Investments in unconsolidated affiliates |
(1,422) |
(87) |
|
| Proceeds from disposal of property and equipment |
24 |
|
1 |
| Proceeds from disposal of assets in discontinued operations |
4,426 |
|
|
| Proceeds from sale of equity interest in discontinued operation |
1,734 |
|
|
| Proceeds from disposal of an unconsolidated affiliate |
|
|
171 |
| Net cash provided by investing activities |
7,042 |
12,082 |
32,961 |
| Cash flows from financing activities: |
|
|
|
| Repurchase of shares |
(2,654) |
(1,172) |
(1,014) |
| Proceeds from exercise of share options |
|
78 |
36 |
| Capital contributions from non-controlling interests |
718 |
2,898 |
29 |
| Net cash (used in)/provided by financing activities |
(1,936) |
1,804 |
(949) |
| Effect of exchange rate changes on cash and cash equivalents |
1,402 |
2,147 |
71 |
| Net increase/(decrease) in cash and cash equivalents |
(20,264) |
(15,019) |
26,295 |
| Cash and cash equivalents at beginning of year |
69,491 |
84,510 |
58,215 |
| Cash and cash equivalents at end of year |
49,227 |
69,491 |
84,510 |
| Supplemental disclosure of cash flow information: |
|
|
|
| Payable for purchase of property and equipment |
805 |
|
|
| Software acquired in exchange for equity interests in subsidiary |
|
|
$ 1,098 |