It tech packaging, inc. (ONP)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current Assets
Cash and bank balances

11,712

5,837

4,805

1,134

2,625

8,474

5,468

5,745

740

2,895

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

3,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

6,505

6,953

4,648

2,332

5,591

4,032

3,651

2,641

4,363

2,163

2,544

3,891

6,930

4,133

5,840

3,131

13,811

22,488

16,569

13,140

13,216

6,158

5,626

4,165

4,945

6,279

11,348

Restricted cash

-

-

-

-

-

-

3,634

3,778

3,975

6,121

6,026

5,904

5,797

2,162

2,246

965

8,729

10,779

3,144

3,271

5,047

8,873

11,377

6,403

4,494

2,454

0

0

1,316

1,585

-

-

-

0

-

-

-

Accounts receivable (net of allowance for doubtful accounts of $36,645 and $59,922 as of March 31, 2020 and December 2019, respectively)

1,795

3,119

2,775

3,172

2,409

2,876

1,218

2,722

818

1,843

130

2,262

3,128

3,894

2,858

3,613

3,616

1,904

3,849

4,169

3,820

3,730

4,162

3,478

2,912

3,327

2,476

3,150

2,400

2,836

3,689

-

-

3,820

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

Accounts receivable (net of allowance for doubtful accounts of $60,339 and $76,752 as of June 30, 2012 and December 31, 2011, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,053

3,748

-

2,509

2,912

1,839

Total inventory, net

1,951

1,607

7,010

5,795

4,156

2,923

4,663

4,055

9,009

8,474

9,603

10,434

8,013

5,632

7,490

8,430

9,881

9,205

9,256

8,377

10,931

7,139

6,980

12,976

12,894

11,428

12,573

13,452

14,534

15,104

9,084

8,590

7,897

10,007

3,699

6,152

7,422

Total prepayments and other current assets

6,054

11,613

5,982

6,245

6,213

6,241

4,037

2,927

3,246

651

55

2,901

4,405

455

167

209

499

1,812

450

775

941

2,919

831

1,095

876

1,068

698

4,409

4,423

5,401

4,303

4,506

4,648

5,071

302

548

184

Due from related parties

120

1,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,103

-

4,130

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,096

-

4,116

-

-

-

-

-

-

-

-

-

-

Deferred tax assets - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

16

6

-

0

24

410

413

-

-

-

0

-

-

-

-

-

-

-

Total current assets

21,634

24,041

20,574

16,347

15,405

24,158

19,021

19,229

17,789

19,986

22,322

28,456

25,994

14,477

18,353

17,250

26,377

26,343

21,101

18,773

23,291

26,554

30,281

32,215

31,525

25,953

33,676

43,501

39,244

38,067

30,293

22,309

21,920

23,065

11,456

15,892

21,103

Prepayment on property, plant and equipment

1,411

1,433

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment on property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,365

1,375

1,411

1,404

1,433

1,491

1,484

1,490

1,482

1,482

1,479

1,492

1,485

1,477

1,455

1,445

0

-

7,280

7,241

7,200

7,117

6,957

Property, Plant and Equipment, net

145,805

151,616

153,108

160,394

167,245

167,829

171,269

181,057

193,753

189,388

190,744

190,557

190,125

187,689

193,844

195,097

203,317

206,191

204,633

210,387

209,095

208,213

196,090

187,078

177,961

178,535

161,647

147,298

122,599

122,391

127,342

129,508

120,667

114,651

116,919

109,762

87,445

Value-added tax recoverable

2,547

2,621

2,620

2,731

2,824

2,810

2,824

2,957

3,138

3,041

3,015

2,974

2,941

2,945

3,087

3,141

3,109

3,266

3,205

3,234

3,089

3,228

3,473

3,039

3,129

3,277

3,382

-

-

0

-

-

-

-

-

-

-

Deferred tax asset non-current

10,857

10,485

9,827

9,503

9,081

8,277

7,791

7,544

7,371

6,572

5,494

4,648

3,859

3,264

2,875

2,405

2,025

1,420

1,087

760

424

281

-

-

-

268

-

-

-

941

-

-

-

-

-

-

-

Other non-current assets

-

-

45,273

46,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset - non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221

399

103

-

814

982

897

-

384

-

-

0

-

-

-

Total Assets

182,256

190,198

231,404

235,555

194,557

203,076

200,906

210,789

222,052

218,989

221,577

226,637

222,919

208,377

219,527

219,270

236,241

238,626

231,461

234,647

237,386

239,767

231,549

224,215

214,199

4,325

201,007

193,260

164,197

162,846

158,020

151,817

149,868

144,957

135,576

132,772

115,506

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term bank loans

6,069

6,163

6,362

6,545

6,683

11,802

11,919

12,393

13,040

7,192

10,245

15,204

14,929

5,045

13,926

14,778

13,929

13,859

6,288

6,542

9,768

9,805

8,126

8,126

6,490

6,544

6,515

4,049

3,989

3,962

4,346

2,771

2,769

2,833

2,817

2,939

2,873

Current portion of long-term loans from credit union

1,580

1,605

311

320

2,539

2,491

3,605

7,466

6,615

6,366

3,857

88

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term loans from credit union

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

179

146

147

-

-

-

1,660

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term loans from a related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,296

-2,389

-2,377

2,386

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term loans from credit union

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

113

1,646

-

1,636

5,855

5,768

4,168

4,157

4,165

-

0

-

-

2,008

Current obligations under capital lease

-

-

-

-

-

-

-

-

-

-

0

6,940

8,771

8,786

9,265

9,464

6,761

6,860

6,323

12,657

11,898

12,258

8,186

8,190

8,193

8,264

8,245

8,206

-

0

-

-

-

-

-

-

-

Accounts payable

205

250

857

1,122

1,647

629

64

135

308

422

11

346

494

559

1,296

564

849

253

1,100

879

839

0

612

6,396

964

926

1,095

1,193

1,342

1,012

1,135

737

99

2,766

144

1,390

413

Advance from customers

151

98

83

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance from customers

-

-

-

-

-

-

-

-

-

-

0

0

0

28

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

-

-

-

-

3,642

3,634

3,778

3,975

6,121

6,026

5,904

5,797

2,162

2,246

965

8,729

13,859

6,288

6,542

10,094

16,113

21,129

12,904

9,086

4,908

0

0

2,633

3,170

553

-

-

0

-

-

-

Security deposit from a related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,625

1,622

1,636

0

1,099

1,082

1,075

-

-

-

0

-

-

-

Due to related parties

617

539

766

573

513

413

319

238

102

60

21

132

93

56

21

436

409

368

337

309

267

227

186

145

104

64

-

-

-

0

2,308

2,313

2,311

2,499

-

2,088

2,041

Accrued payroll and employee benefits

225

291

239

251

305

213

185

223

307

231

342

227

337

209

268

558

291

531

247

557

354

492

333

558

432

498

280

499

205

292

237

235

260

308

397

362

336

Other payables and accrued liabilities

5,182

6,503

51,062

52,874

8,723

10,222

1,064

1,387

939

836

1,561

901

1,035

2,424

2,157

3,935

4,645

3,902

4,419

3,855

3,506

2,400

3,262

1,958

1,730

2,651

1,911

2,219

1,383

1,262

1,667

2,381

2,003

1,589

1,256

1,480

2,363

Income taxes payable

-

1,382

1,332

667

-

219

0

0

546

525

1,260

600

973

1,310

1,208

1,056

1,305

600

514

1,903

1,591

637

730

929

1,902

1,218

1,571

1,088

1,425

1,255

1,445

925

3,449

1,744

1,680

1,914

1,717

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

14,032

16,835

61,014

62,456

20,411

29,634

20,793

25,622

25,836

21,757

23,327

30,346

32,432

20,585

30,389

31,760

36,921

40,237

27,815

35,817

40,845

44,470

42,706

40,949

32,173

28,372

21,258

24,211

17,831

16,200

15,851

13,530

10,892

11,741

6,296

10,176

11,755

Loans from credit union

7,254

7,367

-

-

-

4,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans from credit union

-

-

6,701

6,894

4,796

-

3,575

0

1,240

1,193

3,616

7,233

4,870

4,843

5,031

5,066

5,200

5,174

5,281

5,733

5,738

5,760

5,761

5,761

4,218

4,253

4,251

0

0

1,561

1,556

1,559

5,721

5,690

5,658

5,593

-

Loans from a related party

-

-

2,120

2,181

2,227

-

5,814

6,045

6,361

10,712

10,547

10,333

10,145

10,090

7,487

7,540

13,929

13,859

14,148

9,814

9,768

9,805

2,373

2,373

2,369

2,389

2,379

2,366

2,330

2,315

-

-

-

0

2,286

2,259

2,209

Other long-term payable

-

-

-

-

-

2,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gain on sale-leaseback

-

-

-

-

-

-

-

-

-

-

0

0

51

102

159

213

274

327

334

464

577

695

806

922

1,035

1,160

698

758

-

0

-

-

-

-

-

-

-

Long-term obligations under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,166

3,217

6,568

0

4,072

4,090

8,135

8,140

12,191

12,296

16,322

16,243

-

0

-

-

-

-

-

-

-

Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $16,342,512 and $19,460,257 as of March 31, 2020 and December 31, 2019, respectively)

21,287

24,203

69,837

71,533

27,436

36,526

30,184

31,668

33,437

33,664

37,490

47,913

47,500

35,622

43,067

44,581

59,491

62,817

54,147

51,829

61,003

64,822

59,784

58,147

51,988

48,473

44,909

43,579

20,161

20,077

17,408

15,090

16,614

17,432

14,241

18,029

13,964

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ Equity
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 22,054,816 shares issued

22

22

22

22

22

22

21

21

21

21

21

21

21

21

21

21

21

20

20

20

20

20

20

18

18

18

18

18

18

18

18

18

18

18

18

18

18

Additional paid-in capital

51,154

51,154

51,154

51,137

51,137

51,137

50,635

50,635

50,635

50,635

50,635

50,635

50,635

50,635

50,635

50,635

50,635

49,218

49,218

49,218

49,218

49,218

49,218

46,909

46,909

46,909

46,119

46,119

46,135

46,135

46,135

-

-

45,758

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,135

46,135

-

45,758

45,758

45,727

Statutory earnings reserve

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,080

6,038

6,038

6,038

6,038

5,963

5,963

5,963

5,963

5,863

5,863

5,863

5,863

5,661

5,661

5,661

Accumulated other comprehensive loss

-8,647

-6,057

-8,329

-3,518

29

-3,263

-3,753

3,240

12,844

5,468

2,593

-1,196

-4,485

-5,441

1,333

2,597

7,240

6,343

10,007

17,198

16,353

17,021

16,068

16,055

15,770

17,146

16,409

15,527

13,291

12,327

11,940

12,204

12,112

11,442

10,755

9,594

7,138

Retained earnings

112,358

114,794

112,639

110,301

109,851

112,573

117,738

119,143

119,033

123,119

124,755

123,183

123,167

121,459

118,388

115,354

112,772

114,146

111,986

110,300

104,709

102,604

100,418

97,045

93,473

90,940

87,586

82,051

78,626

78,322

76,653

72,504

69,124

64,443

59,141

53,710

42,996

Total stockholders’ equity

160,969

165,995

161,567

164,022

167,121

166,549

170,722

179,121

188,614

185,325

184,086

178,723

175,419

172,755

176,459

174,688

176,750

175,809

177,313

182,818

176,383

174,945

171,764

166,067

162,210

161,053

156,098

149,681

144,035

142,768

140,611

136,727

133,254

127,525

121,335

114,742

101,542

Total Liabilities and Stockholders’ Equity

182,256

190,198

231,404

235,555

194,557

203,076

200,906

210,789

222,052

218,989

221,577

226,637

222,919

208,377

219,527

219,270

236,241

238,626

231,461

234,647

237,386

239,767

231,549

224,215

214,199

209,526

201,007

193,260

164,197

162,846

158,020

151,817

149,868

144,957

135,576

132,772

115,506