| Dec'17 | Dec'16 | Dec'15 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Profit for the year | ||||||
126,423 | 316,434 | 222,323 | -245,559 | 14,010 | -962,477 | -432,380 |
Adjustments for: | ||||||
Income tax (benefit) expense | ||||||
1,846 | -6,552 | 8,541 | - | - | - | - |
Amortization of intangible assets and land use right | ||||||
65,348 | 56,705 | 50,541 | - | - | - | - |
Depreciation of property, plant and equipment | ||||||
906,034 | 673,161 | 473,008 | - | - | - | - |
Expense recognized in respect of equity-settled share-based payments | ||||||
18,214 | 14,210 | 18,329 | - | - | - | - |
Interest income recognized in profit or loss | ||||||
27,090 | 11,243 | 5,199 | - | - | - | - |
Finance costs | ||||||
18,021 | 23,037 | 12,218 | - | - | - | - |
Gain on disposal of associates | ||||||
18,884 | - | - | - | - | - | - |
Gain on disposal of available for sale investment | ||||||
- | - | 387 | - | - | - | - |
Loss (gain) on disposal of property, plant and equipment and assets classified as held-for-sale | ||||||
17,513 | -1,846 | 28,949 | - | - | - | - |
Loss on deconsolidation of subsidiaries | ||||||
- | - | -57 | - | - | - | - |
Bad debt allowance on trade receivables | ||||||
301 | 201 | 528 | - | - | - | - |
Impairment loss recognized (reversed) on inventory | ||||||
46,857 | 3,706 | -13,338 | - | - | - | - |
Impairment loss recognized on property, plant and equipment | ||||||
- | 7,529 | - | - | - | - | - |
Net (gain) loss arising on financial instruments at fair value through profit or loss | ||||||
6,890 | -7,617 | 51,375 | - | - | - | - |
Net (gain) loss on foreign exchange | ||||||
26,101 | -26,236 | 15,608 | - | - | - | - |
Reversal of bad debt allowance on trade and other receivables | ||||||
-438 | -10,412 | -541 | - | - | - | - |
Share of loss (profit) of investment using equity method | ||||||
-9,500 | -13,777 | -13,383 | - | - | - | - |
Other non-cash loss (gain) | ||||||
- | 175 | - | - | - | - | - |
Operating cash flows before movements in working capital: | ||||||
1,147,830 | 1,063,955 | 714,747 | - | - | - | - |
Increase in trade and other receivables | ||||||
59,084 | -100,980 | -39,902 | - | - | - | - |
Increase in inventories | ||||||
-205,320 | -51,344 | -57,947 | - | - | - | - |
Increase in restricted cash relating to operating activities | ||||||
81,795 | 147,834 | 16,675 | - | - | - | - |
Decrease (increase) in prepaid operating expenses | ||||||
6,722 | -17,615 | 856 | - | - | - | - |
Decrease (increase) in other assets | ||||||
2,938 | 1,576 | -6,476 | - | - | - | - |
Increase in trade and other payables | ||||||
109,374 | 59,046 | 39,096 | - | - | - | - |
Increase in deferred government funding | ||||||
110,999 | 126,845 | 8,280 | - | - | - | - |
(Decrease) increase in accrued liabilities and other liabilities | ||||||
-40,604 | 25,031 | 49,928 | - | - | - | - |
Cash generated from operations | ||||||
1,095,784 | 993,910 | 690,195 | - | - | - | - |
Interest paid | ||||||
34,086 | 27,497 | 26,174 | - | - | - | - |
Interest received | ||||||
19,425 | 12,464 | 4,894 | - | - | - | - |
Income taxes (paid) received | ||||||
437 | 1,675 | -282 | - | - | - | - |
Net cash generated from operating activities | ||||||
1,080,686 | 977,202 | 669,197 | - | - | - | - |
Investing activities | ||||||
Payments to acquire financial assets | ||||||
829,371 | 917,272 | 2,412,259 | - | - | - | - |
Proceeds on sale of financial assets | ||||||
186,509 | 1,175,768 | 2,782,181 | - | - | - | - |
Payments for property, plant and equipment | ||||||
2,287,205 | 2,757,202 | 1,230,812 | - | - | - | - |
Proceeds from disposal of property, plant and equipment | ||||||
688,192 | 259,799 | 87,890 | - | - | - | - |
Proceeds from disposal of joint ventures and available-for-sale investment | ||||||
1,028 | 5,523 | 1,204 | - | - | - | - |
Payments for intangible assets | ||||||
43,755 | 85,729 | 29,384 | - | - | - | - |
Payments for land use rights | ||||||
- | - | 9,265 | - | - | - | - |
Payments to acquire long-term investment | ||||||
467,885 | 87,645 | 160,777 | - | - | - | - |
Change in restricted cash relating to investing activities | ||||||
90,093 | 34,614 | 181,963 | - | - | - | - |
Net cash outflow from deconsolidation of subsidiaries | ||||||
- | - | 297 | - | - | - | - |
Payment for business combination | ||||||
- | 73,216 | - | - | - | - | - |
Distributions received from joint ventures | ||||||
255 | 2,027 | - | - | - | - | - |
Net cash used in investing activities | ||||||
-2,662,139 | -2,443,333 | -789,556 | - | - | - | - |
Financing activities | ||||||
Proceeds from borrowings | ||||||
1,194,659 | 1,239,265 | 341,176 | - | - | - | - |
Repayment of borrowings | ||||||
537,016 | 228,928 | 453,730 | - | - | - | - |
Proceeds from issuance of new shares | ||||||
326,351 | - | 508,807 | - | - | - | - |
Proceeds from issuance of convertible bonds | ||||||
- | 441,155 | - | - | - | - | - |
Proceeds from issuance of short-term and medium-term notes | ||||||
- | 314,422 | - | - | - | - | - |
Repayment of short-term notes | ||||||
87,858 | - | - | - | - | - | - |
Proceeds from issuance of perpetual subordinated convertible securities | ||||||
64,350 | - | - | - | - | - | - |
Proceeds from exercise of employee stock options | ||||||
17,105 | 17,610 | 8,743 | - | - | - | - |
Proceeds from non-controlling interests-capital contribution | ||||||
294,000 | 831,254 | 132,082 | - | - | - | - |
Net cash from financing activities | ||||||
1,271,591 | 2,614,778 | 537,078 | - | - | - | - |
Net increase in cash and cash equivalent | ||||||
-309,862 | 1,148,647 | 416,719 | - | - | - | - |
Effects of exchange rate changes on the balance of cash held in foreign currencies | ||||||
22,151 | -27,837 | -14,554 | - | - | - | - |
Deferred taxes | ||||||
- | - | - | 81,139 | -10,097 | -56,222 | 11,035 |
Loss (Gain) from sale of plant and equipment and other fixed assets | ||||||
- | - | - | -508 | 658 | -3,832 | 2,877 |
Depreciation | ||||||
- | - | - | 518,840 | 584,241 | 746,684 | 761,808 |
Non-cash interest expense on promissory notes and long-term payables relating to license agreements | ||||||
- | - | - | 2,416 | 4,038 | 3,844 | 6,915 |
Amortization of acquired intangible assets | ||||||
- | - | - | 31,449 | 27,167 | 35,064 | 32,191 |
Share-based compensation | ||||||
- | - | - | 5,333 | 8,794 | 10,145 | 11,617 |
Loss (Gain) from equity investment | ||||||
- | - | - | 4,478 | 284 | -1,782 | -444 |
Impairment loss of long-lived assets | ||||||
- | - | - | 17,691 | 8,442 | 138,294 | 106,740 |
Litigation settlement (non-cash portion) | ||||||
- | - | - | 0 | 0 | 239,637 | - |
Change in the fair value of commitment to issue shares and warrants | ||||||
- | - | - | 0 | 29,815 | 30,100 | - |
Allowance for doubtful accounts | ||||||
- | - | - | 551 | 1,076 | 111,584 | 1,188 |
Forgiveness of Payables | ||||||
- | - | - | 19,011 | 0 | 0 | - |
Gain on disposition of discontinued operations, net of taxes | ||||||
- | - | - | 17,103 | 0 | 0 | - |
Other non-cash expense | ||||||
- | - | - | -556 | -711 | 0 | - |
Accounts receivable | ||||||
- | - | - | -36,368 | 2,402 | 95,382 | -97,827 |
Inventories | ||||||
- | - | - | -886 | 19,699 | 22,068 | -76,672 |
Prepaid expense and other current assets | ||||||
- | - | - | 11,132 | 46,335 | -28,920 | 23,968 |
Other long-term assets | ||||||
- | - | - | 9,897 | 0 | 0 | - |
Prepaid land use right | ||||||
- | - | - | -1,567 | 686 | -1,500 | - |
Accounts payable | ||||||
- | - | - | -13,092 | 34,205 | 35,788 | -76,827 |
Accrued expenses and other current liabilities | ||||||
- | - | - | 16,823 | 53,406 | 11,349 | -7 |
Other long-term liabilities | ||||||
- | - | - | 66,546 | 37,109 | 21,679 | - |
Income tax payable | ||||||
- | - | - | -1,829 | 1,834 | -493 | -600 |
Changes in restricted cash relating to operating activities | ||||||
- | - | - | 60,221 | 30,077 | 0 | - |
Net cash provided by operating activities | ||||||
- | - | - | 398,352 | 694,612 | 283,566 | 569,782 |
Purchase of plant and equipment | ||||||
- | - | - | 950,558 | 491,538 | 217,269 | 669,054 |
Proceeds from government subsidy to purchase plant and equipment | ||||||
- | - | - | 1,966 | 26,876 | 54,125 | 4,181 |
Proceeds received from sale of assets held for sale | ||||||
- | - | - | 0 | 7,810 | 1,482 | 563 |
Proceeds from sale of plant and equipment | ||||||
- | - | - | 4,421 | 6,375 | 3,715 | 2,319 |
Purchase of intangible assets | ||||||
- | - | - | 31,184 | 21,681 | 59,096 | 79,277 |
Purchase of short-term investments | ||||||
- | - | - | 40,350 | 25,812 | 49,974 | 291,007 |
Sale of short-term investments | ||||||
- | - | - | 43,192 | 23,400 | 69,903 | 278,717 |
Change in restricted cash relating to investing activities | ||||||
- | - | - | -84,315 | 110,912 | 14,105 | 6,254 |
Purchase of long term investment | ||||||
- | - | - | 4,845 | 0 | 278 | - |
Sale of long term investment | ||||||
- | - | - | 1,900 | 0 | 0 | - |
Advance payment in connection with a proposed joint venture | ||||||
- | - | - | 27,969 | 0 | 0 | - |
Net cash received upon purchase of a subsidiary | ||||||
- | - | - | 0 | -1,770 | 0 | - |
Net cash outflow from deconsolidation of a subsidiary | ||||||
- | - | - | -3,513 | 0 | 0 | - |
Purchase of equity investment | ||||||
- | - | - | - | - | - | 1,900 |
Net cash used in investing activities | ||||||
- | - | - | -922,625 | -583,713 | -211,497 | -761,712 |
Proceeds from short-term borrowings | ||||||
- | - | - | 1,251,371 | 716,676 | 726,897 | 422,575 |
Repayment of short-term borrowings | ||||||
- | - | - | 1,015,999 | 631,485 | 641,291 | 328,317 |
Repayment of promissory notes | ||||||
- | - | - | 30,000 | 80,000 | 15,000 | 30,000 |
Proceeds from long-term debt | ||||||
- | - | - | 74,979 | 10,000 | 100,945 | 285,929 |
Repayment of long-term debt | ||||||
- | - | - | 323,318 | 254,382 | 241,655 | 345,770 |
Proceeds from exercise of employee stock options | ||||||
- | - | - | 3,525 | 2,217 | 215 | 796 |
Proceeds from issuance of ordinary shares | ||||||
- | - | - | 0 | 199,122 | 0 | 168,100 |
Proceeds from issuance of Convertible Preferred Shares | ||||||
- | - | - | 308,297 | 0 | 0 | - |
Redemption of noncontrolling interest | ||||||
- | - | - | 0 | 0 | -9,013 | - |
Net cash (used in) provided by financing activities | ||||||
- | - | - | 268,854 | -37,851 | -78,902 | 173,313 |
Effect of exchange rate changes | ||||||
- | - | - | 1,225 | -702 | 66 | -437 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | -254,192 | 72,345 | -6,767 | -19,054 |
Income taxes paid | ||||||
- | - | - | 3,192 | 3,444 | 9,636 | 15,997 |
Interest Paid | ||||||
- | - | - | 38,765 | 33,686 | 37,934 | 54,423 |
Accounts payable for plant and equipment | ||||||
- | - | - | 118,736 | 342,373 | 105,618 | -99,592 |
Long-term payable for acquired intangible assets | ||||||
- | - | - | 0 | 5,015 | 28,966 | - |
Receivable for sales of manufacturing equipment | ||||||
- | - | - | 0 | 0 | 23,137 | - |
Receivable for sales of manufacturing equipment | ||||||
- | - | - | - | - | - | 17,231 |