| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
6,290 | 7,943 | 7,948 | 7,728 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Stock based compensation | ||||||
58 | 123 | 23 | - | |||
Stock based compensation | ||||||
- | - | - | 0 | |||
Deferred tax expense | ||||||
0 | 319 | -319 | 155 | |||
Depreciation and amortization | ||||||
4,086 | 3,177 | 2,681 | 1,707 | |||
Bad debt provisions (recovery) | ||||||
160 | 2 | 36 | 33 | |||
Unrealized losses | ||||||
-34 | 60 | 0 | - | |||
Inventory reserve | ||||||
24 | 32 | 0 | - | |||
Gain on disposal of fixed assets | ||||||
-116 | 12 | 0 | - | |||
Gain on disposal of fixed assets | ||||||
- | - | - | -37 | |||
Changes in operating assets: | ||||||
Accounts receivable | ||||||
2,372 | 6,870 | 2,224 | 4,378 | |||
Advances to suppliers | ||||||
24 | 338 | -364 | -30 | |||
Inventories | ||||||
3,510 | 3,688 | -1,184 | 2,733 | |||
Other assets | ||||||
85 | 1,382 | -95 | 255 | |||
Security deposit for sale leaseback | ||||||
523 | 755 | 0 | - | |||
Changes in operating liabilities: | ||||||
Accounts payable | ||||||
-1,096 | 6,019 | -2,737 | 1,728 | |||
Advance from customers | ||||||
-50 | 43 | -66 | 262 | |||
Deferred gains | ||||||
-583 | 679 | 0 | - | |||
Taxes payable | ||||||
-678 | -557 | 425 | 605 | |||
Accrued and other liabilities | ||||||
627 | 470 | 548 | 468 | |||
Net cash provided by operating activities | ||||||
2,474 | 5,145 | 7,960 | - | |||
Net cash provided by operating activities | ||||||
- | - | - | 5,390 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Purchase of property and equipment | ||||||
6,547 | 4,010 | 5,471 | 4,734 | |||
Additions to construction in progress | ||||||
10,231 | 12,679 | 0 | - | |||
Cash receipts from disposal property and equipment | ||||||
13 | 19 | 0 | 73 | |||
Cash increase (decrease) in certificates of deposit | ||||||
-1,479 | -1,505 | 1,986 | 1,352 | |||
Cash (decrease) increase in prepayments for construction and equipment purchase | ||||||
480 | 1,974 | 1,047 | - | |||
Repayments of deposit and prepayments for construction and equipment purchase | ||||||
-1,358 | -1,354 | 0 | - | |||
Advance payments on equipment purchase | ||||||
- | - | - | 0 | |||
Purchase of intangible assets | ||||||
2 | 8,298 | 264 | 0 | |||
Net cash used in investing activities | ||||||
-14,410 | -24,083 | -8,770 | - | |||
Net cash used in investing activities | ||||||
- | - | - | -6,013 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from short-term borrowings | ||||||
35,582 | 30,660 | 42,684 | 39,549 | |||
Repayments of short-term borrowings | ||||||
25,270 | 26,983 | 46,039 | 40,004 | |||
Proceeds from long-term borrowings | ||||||
1,048 | 836 | 0 | - | |||
Proceeds from bank notes payable | ||||||
8,175 | 6,150 | 5,318 | 3,244 | |||
Repayments of bank notes payable | ||||||
5,954 | 6,252 | 5,560 | 3,267 | |||
Repayment of third party borrowing | ||||||
0 | 180 | 0 | - | |||
Proceeds from loans from related parties | ||||||
0 | 55 | 0 | - | |||
Repayments of loans from related parties | ||||||
57 | 0 | 37 | 183 | |||
Proceeds from other payable - sale leaseback | ||||||
2,906 | 3,941 | 0 | - | |||
Repayments of other payable - sale leaseback | ||||||
2,638 | 172 | 0 | - | |||
Change in restricted cash | ||||||
-1,811 | -358 | 97 | 2,605 | |||
Proceeds from issuance of stocks | ||||||
0 | 0 | 18,594 | 7,530 | |||
Net cash provided by financing activities | ||||||
11,983 | 7,697 | 15,058 | - | |||
Dividends paid to shareholders | ||||||
- | - | - | 10,274 | |||
Net cash provided by financing activities | ||||||
- | - | - | -800 | |||
EFFECT OF EXCHANGE RATES CHANGES ON CASH AND CASH EQUIVALENTS | ||||||
64 | -322 | -74 | 124 | |||
NET (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
112 | -11,563 | 14,173 | -1,299 | |||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||
Cash paid during the period for: | ||||||
Interest paid | ||||||
836 | 762 | 1,136 | - | |||
Interest paid | ||||||
- | - | - | 833 | |||
Income tax paid | ||||||
1,433 | 2,331 | 1,257 | 1,065 | |||
Non-cash investing activities: | ||||||
Transfer from construction in progress to fixed assets | ||||||
15,545 | 1,209 | 3,913 | 0 | |||
Transfer from accounts payable to fixed assets | ||||||
1,162 | 0 | 0 | - | |||
Transfer from advance payments to fixed assets | ||||||
191 | 296 | 726 | 0 | |||