| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income | ||||||||
5,898 | 5,323 | 6,613 | 4,135 | 4,069 | 2,716 | 13,054 | 17,545 | 9,727 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
796 | 883 | 1,416 | 1,531 | 1,564 | 1,601 | 2,007 | 1,838 | 1,457 |
Share-based compensation expense | ||||||||
- | - | - | 0 | 0 | 86 | 105 | 19 | 0 |
Changes in operating assets and liabilities: | ||||||||
(Increase) Decrease In: | ||||||||
Accounts receivable | ||||||||
14,401 | -5,949 | -10,516 | 5,564 | 2,465 | -2,315 | 34,717 | -1,824 | 10,443 |
Inventories | ||||||||
-12,519 | -1,277 | 7,138 | 1,387 | 8,943 | -7,415 | -10,727 | 17,742 | 906 |
Advance to suppliers | ||||||||
24,551 | -9,000 | -597 | 5,712 | -27,333 | 36,557 | 16,318 | - | - |
Advance to suppliers | ||||||||
- | - | - | - | - | - | - | 5,238 | 562 |
Other current assets | ||||||||
6 | -745 | -220 | -2,501 | 1,543 | -4,590 | 3,151 | 2,378 | 671 |
Deferred tax assets | ||||||||
-16 | 27 | 188 | - | - | - | - | - | - |
Notes receivable - bank acceptance notes | ||||||||
-15,280 | 7,270 | -1,914 | 7,503 | 2,027 | -10,457 | -6,785 | 17,486 | 150 |
Notes receivable from related party - bank acceptance notes | ||||||||
- | - | - | -12,915 | 11,084 | 1,830 | -3,024 | 1,196 | 1,828 |
Account receivable from related party | ||||||||
- | - | - | - | - | -20 | -686 | 707 | 0 |
Increase (Decrease) In: | ||||||||
Accounts payable | ||||||||
-1,144 | -394 | -1,317 | 2,713 | -68 | -376 | -1,545 | 2,253 | -188 |
Customer deposits | ||||||||
180 | -173 | -278 | -2,320 | 2,523 | -75 | -373 | - | - |
Customer deposits | ||||||||
- | - | - | - | - | - | - | 4,355 | -2,253 |
Income tax payable | ||||||||
-144 | 180 | -138 | 319 | -158 | 386 | -657 | 552 | 104 |
Other payables and accrued expenses | ||||||||
2,496 | 70 | 46 | 73 | 744 | 480 | 229 | 62 | -1,442 |
Due to related party | ||||||||
-3 | -61 | -3 | 52 | 16 | 0 | 0 | - | - |
Due to shareholder | ||||||||
44 | 25 | 182 | 50 | 50 | 0 | 0 | - | -117 |
Net cash provided by/ (used in) operating activities | ||||||||
-3,019 | 15,528 | 12,441 | - | - | - | - | -25,011 | -2,769 |
Net cash provided by operating activities | ||||||||
- | - | - | 1,804 | 10,011 | -8,767 | -20,143 | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of plant and equipment | ||||||||
37 | 17 | 29 | 81 | 16 | 32 | 156 | 73 | 209 |
Net cash used in investing activities | ||||||||
-37 | -17 | -29 | - | - | - | - | -7,635 | -209 |
Withdraw for purchases of plant and equipment | ||||||||
- | - | - | - | 8,071 | - | - | - | - |
Withdraw (Prepayment) for purchases of plant and equipment | ||||||||
- | - | - | - | - | -1 | -5 | - | - |
Prepayment for purchases of plant and equipment | ||||||||
- | - | - | - | - | - | - | 7,562 | 0 |
Disposal of property, plant and equipment | ||||||||
- | - | - | 0 | 0 | 1 | 0 | 0 | - |
Net cash used in investing activities | ||||||||
- | - | - | -80 | 8,055 | -32 | -162 | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Decrease/ (increase) in restricted cash | ||||||||
-489 | 2,077 | 8,792 | 14,210 | -6,376 | -5,642 | -5,965 | -1,974 | -1,847 |
Proceeds from short-term bank loans | ||||||||
13,497 | 20,422 | 18,462 | 28,475 | 41,531 | 68,716 | 75,184 | 57,578 | 35,687 |
Repayments of short-term bank loans | ||||||||
17,380 | 20,068 | 18,462 | 37,261 | 66,189 | 66,384 | 65,543 | 46,603 | 27,789 |
Proceeds from long-term bank loans | ||||||||
0 | 7,530 | 0 | 0 | - | - | - | - | - |
Repayments of long-term bank loans | ||||||||
- | - | - | - | 4,581 | 316 | 0 | 0 | - |
Proceeds from notes payable-bank acceptance notes | ||||||||
14,662 | 17,846 | 36,202 | 55,811 | 98,467 | 76,842 | 50,433 | 50,216 | 50,771 |
Repayment of notes payable-bank acceptance notes | ||||||||
14,588 | 20,029 | 49,367 | 80,682 | 84,912 | 64,959 | 51,598 | 43,947 | 49,263 |
Repurchase of common share | ||||||||
0 | 36 | 58 | 0 | 0 | 96 | 0 | 0 | - |
Proceeds from bond payable | ||||||||
- | - | - | 15,946 | 0 | 0 | 4,718 | 0 | 0 |
Repayments of bond payable | ||||||||
0 | 15,273 | 0 | 0 | - | - | - | - | - |
Effect of exchange rate changes on cash | ||||||||
- | - | - | 1,322 | 3,135 | 1,069 | 1,882 | - | - |
IPO compensation | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Net cash used in financing activities | ||||||||
-4,298 | -7,532 | -4,431 | - | - | - | - | 35,614 | 7,558 |
IPO compensation | ||||||||
- | - | - | - | - | - | 440 | 20,345 | 0 |
Net cash used in financing activities | ||||||||
- | - | - | -3,500 | -22,060 | 8,159 | 7,668 | - | - |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||
-7,355 | 7,978 | 7,981 | -1,777 | -3,993 | -641 | -12,637 | - | - |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||
- | - | - | - | - | - | - | 2,967 | 4,579 |
Effect of exchange rate changes on cash | ||||||||
8,088 | -8,573 | -7,853 | - | - | - | - | 946 | 68 |
SUPPLEMENTARY CASH FLOW INFORMATION | ||||||||
Cash paid during the periods: | ||||||||
Income taxes paid | ||||||||
840 | 740 | 1,301 | 722 | 1,095 | 310 | 2,863 | 2,355 | 637 |
Interest paid | ||||||||
1,397 | 2,311 | 3,353 | - | - | - | - | - | - |
Interest paid | ||||||||
- | - | - | 1,977 | 2,865 | 3,676 | 2,998 | 1,949 | 1,492 |
Non-cash transactions: | ||||||||
Appropriation to statutory reserve | ||||||||
549 | 491 | 609 | 406 | 436 | 294 | 1,210 | 1,581 | 431 |
Debt forgiven by shareholder | ||||||||
- | - | - | - | - | - | - | 12,924 | 0 |