| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Sep'13 | Dec'12 |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | ||||||
183,400 | 390,000 | 200,000 | 156,700 | 206,400 | 171,529 | 108,582 |
Restricted cash | ||||||
139,700 | 116,800 | 172,200 | 2,400 | 27,082 | 68,256 | 24,151 |
Accounts receivable (net of allowance for doubtful accounts of $22.3 and $61.3 as of December 31, 2016 and 2017, respectively) | ||||||
338,000 | 321,400 | 363,900 | 31,000 | 123,022 | 166,480 | 153,604 |
Notes receivable | ||||||
25,700 | 6,700 | 1,200 | 0 | 1,781 | - | 430 |
Inventories | ||||||
293,600 | 317,600 | 406,100 | 204,400 | 124,270 | 129,592 | 134,625 |
Advance to suppliers - net | ||||||
41,200 | 25,500 | 28,200 | 6,600 | 30,086 | 28,862 | 26,779 |
Derivative contracts | ||||||
500 | 400 | 0 | 800 | 4,399 | 868 | 0 |
Deferred tax assets - net | ||||||
- | - | - | - | - | - | 24,124 |
Amount due from related parties | ||||||
161,700 | 96,600 | 324,600 | 168,600 | 87,669 | 71,955 | 67,513 |
Other current assets -net | ||||||
68,300 | 55,600 | 74,300 | 14,200 | 49,812 | 39,726 | 57,268 |
Total current assets | ||||||
1,252,100 | 1,330,600 | 1,570,700 | 584,700 | 654,521 | 677,268 | 597,076 |
Non-current assets: | ||||||
Long-term prepayments | ||||||
- | - | 2,600 | 0 | 21,807 | 23,262 | 29,544 |
Fixed assets - net | ||||||
837,600 | 755,500 | 877,300 | 147,800 | 740,482 | 745,188 | 767,222 |
Intangible assets - net | ||||||
32,000 | 16,600 | 14,800 | 13,700 | 45,005 | 44,753 | 53,779 |
Land use rights - net | ||||||
49,000 | 47,900 | 51,800 | 0 | - | - | - |
Goodwill | ||||||
8,600 | 1,100 | 1,100 | 0 | - | - | - |
Long-term investments | ||||||
47,600 | 20,700 | 17,100 | 0 | - | - | - |
Amount due from related parties | ||||||
5,600 | 6,600 | 9,300 | 15,100 | - | - | - |
Deferred tax assets - net | ||||||
9,100 | 6,100 | 200 | 0 | - | - | - |
Deferred tax assets - net | ||||||
- | - | 800 | 3,600 | 487 | 481 | 17,224 |
Other non-current assets | ||||||
21,000 | 24,000 | 2,000 | 1,300 | - | - | - |
Long-term deferred expenses | ||||||
- | - | - | - | 1,585 | 2,204 | 4,045 |
Total non-current assets | ||||||
1,010,500 | 878,500 | 976,800 | 181,500 | 809,366 | 815,888 | 871,814 |
Total assets | ||||||
2,262,600 | 2,209,100 | 2,547,500 | 766,200 | 1,463,887 | 1,493,156 | 1,468,890 |
Liabilities and Shareholders' Equity | ||||||
Current liabilities: | ||||||
Short-term borrowings | ||||||
385,200 | 377,400 | 255,600 | 1,100 | 182,628 | 172,767 | 186,574 |
Long-term borrowings, current portion | ||||||
294,300 | 150,500 | 161,100 | 1,200 | - | - | - |
Long-term bank borrowings, current portion | ||||||
- | - | - | - | 38,674 | 34,156 | 74,991 |
Accounts payable | ||||||
180,300 | 171,100 | 226,100 | 50,800 | 114,893 | 153,867 | 170,418 |
Notes payable | ||||||
76,300 | 107,200 | 129,000 | 0 | 81,679 | 80,578 | 50,483 |
Accrued expenses and other liabilities | ||||||
66,100 | 80,700 | 80,200 | 71,600 | 64,216 | 62,684 | - |
Warranty provision | ||||||
31,000 | 42,200 | 43,600 | 10,500 | - | - | - |
Accrued expenses and other liabilities | ||||||
- | - | - | - | - | - | 64,291 |
Customer deposits | ||||||
10,400 | 17,300 | 7,000 | 1,400 | 7,890 | 12,850 | 5,829 |
Deferred revenue | ||||||
2,000 | 18,900 | 402,100 | 0 | - | - | - |
Derivative contracts | ||||||
400 | 1,000 | 800 | 0 | 1,076 | 1,357 | 2,779 |
Amount due to related parties | ||||||
198,200 | 161,600 | 201,400 | 87,100 | 42,128 | 38,932 | 11,564 |
Current portion of obligations under capital leases | ||||||
- | - | - | 5,700 | - | - | - |
Deferred tax liabilities | ||||||
- | - | 5,700 | 5,400 | - | - | - |
Unrecognized tax benefit | ||||||
- | - | 17,900 | 0 | 23,700 | 23,443 | 23,029 |
Total current liabilities | ||||||
1,244,200 | 1,127,900 | 1,530,500 | 234,800 | 556,884 | 580,634 | 589,958 |
Non-current liabilities: | ||||||
Long-term borrowings | ||||||
436,700 | 543,700 | 553,500 | - | - | - | - |
Long-term borrowings | ||||||
- | - | - | 283,500 | - | - | - |
Long-term obligations under capital leases | ||||||
- | - | - | 1,200 | - | - | - |
Long-term bank borrowings | ||||||
- | - | - | - | 404,063 | 411,876 | 366,785 |
Long-term notes | ||||||
99,500 | 100,000 | 100,000 | 0 | 100,714 | 100,458 | - |
Long-term warranty provision | ||||||
17,500 | 19,000 | 17,400 | 17,000 | - | - | - |
Long-term payables | ||||||
- | - | - | - | 8,259 | 8,170 | 8,026 |
Deferred tax liabilities -net | ||||||
8,700 | 10,300 | 5,900 | 0 | 3,999 | 3,980 | 3,980 |
Convertible bonds | ||||||
- | - | - | - | 77,697 | 78,045 | 59,163 |
Total non-current liabilities | ||||||
562,400 | 673,000 | 676,800 | 301,700 | 594,732 | 602,529 | 437,954 |
Total liabilities | ||||||
1,806,600 | 1,800,900 | 2,207,300 | 536,500 | 1,151,616 | 1,183,163 | 1,027,912 |
Commitments and contingencies | ||||||
- | - | - | - | 0 | 0 | 0 |
Redeemable ordinary shares (par value $0.0001 per share; 20,070,375 and nil issued and outstanding at December 31, 2015 and December 31, 2016, respectively) | ||||||
- | - | 0 | 0 | - | - | - |
Redeemable ordinary shares (par value US$0.0001 per share; 20,070,375 shares issued and outstanding at December 31, 2012 and 2013) | ||||||
- | - | - | - | 4 | 4 | 4 |
Shareholders' equity | ||||||
Ordinary shares (par value $0.0001 per share; 7,000,000,000 shares authorized; 4,161,175,592 and 4,162,556,067 shares issued and outstanding at December 31, 2016 and December 31, 2017, respectively) | ||||||
400 | 400 | 400 | 400 | 53 | 52 | 51 |
Additional paid-in capital | ||||||
432,200 | 431,700 | 431,100 | 329,800 | 664,411 | 654,655 | 642,718 |
Accumulated earnings | ||||||
94,900 | 107,300 | -20,200 | -64,000 | - | - | - |
Statutory reserves | ||||||
- | - | - | - | 28,818 | 28,506 | 28,002 |
Accumulated deficit | ||||||
- | - | - | - | -380,680 | -372,989 | -229,600 |
Accumulated other comprehensive loss | ||||||
-71,500 | -131,200 | -71,100 | -36,500 | -335 | -235 | -197 |
Total shareholders' equity | ||||||
456,000 | 408,200 | 340,200 | 229,700 | 312,267 | 309,989 | - |
Total shareholders' equity | ||||||
- | - | - | - | - | - | 440,974 |
Total liabilities, redeemable ordinary shares and shareholders equity | ||||||
2,262,600 | 2,209,100 | 2,547,500 | 766,200 | 1,463,887 | 1,493,156 | 1,468,890 |