Sorl auto parts inc (SORL)
Balance Sheet / TTM
Sep'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
Assets
Current Assets
Cash and cash equivalents

16,485

10,294

8,024

73,588

17,609

24,525

22,682

4,221

7,653

7,892

11,455

8,057

7,489

8,308

6,103

30,230

5,742

11,624

4,727

14,009

37,902

27,020

35,824

28,241

32,520

38,009

43,222

41,253

27,894

21,349

15,736

17,116

12,414

14,180

6,691

Pledged Cash Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

944

-

-

Accounts receivable, net, including $310,143 and $261,889 from related parties as of September 30, 2019 and December 31, 2018, respectively

158,188

184,101

178,871

150,047

163,749

183,072

173,176

134,384

125,807

121,195

104,844

102,129

84,491

84,075

71,711

71,823

66,155

76,562

72,785

68,171

65,347

69,189

63,397

57,912

-

-

-

62,153

-

69,124

65,595

-

66,617

71,814

54,168

Accounts receivable, net of provision, including $453,709 and $0 due from related parties at September 30, 2013 and December 31, 2012, respectively.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,840

58,580

58,526

-

62,505

-

-

65,344

-

-

-

Bank acceptance notes from customers

65,007

73,736

73,404

62,052

101,136

129,662

141,418

116,040

66,563

55,051

45,638

42,697

44,328

36,376

28,096

22,870

11,479

13,675

16,840

17,626

14,390

23,641

13,168

20,186

22,646

17,617

7,611

10,098

12,321

11,691

11,272

17,980

20,146

15,008

27,318

Short term investments

-

-

-

-

-

-

-

-

-

-

-

-

0

3,317

58,527

61,007

87,021

58,690

44,845

34,838

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

191,178

183,519

187,384

204,285

159,123

136,914

117,758

114,300

83,079

84,010

71,745

65,776

63,879

58,392

68,154

73,661

68,082

73,357

79,941

84,186

81,310

82,450

79,290

76,364

70,976

66,448

61,714

56,775

55,858

54,863

53,790

56,377

48,310

42,095

31,960

Prepayments, current, including $3,283,579 and $3,670,573 to related party at September 30, 2019 and December 31, 2018, respectively

16,258

16,228

17,350

7,776

31,442

26,885

24,451

8,826

11,811

5,505

9,711

10,797

8,720

10,821

8,233

3,350

4,928

4,712

4,494

4,663

6,595

4,622

6,133

3,773

6,176

4,240

5,933

5,722

6,551

7,145

5,972

2,484

10,991

9,762

7,632

Due from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of prepaid capital lease interest

-

-

-

-

-

-

-

-

-

-

-

-

6

24

54

93

139

190

235

282

326

371

417

453

-

-

-

876

-

-

-

-

-

-

-

Restricted cash, current

13,780

14,572

16,804

19,307

19,062

51,858

46,602

376

700

362

5,596

5,476

4,938

386

1,067

785

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to related party

24,433

76,586

98,136

79,739

49,372

31,997

138,038

72,318

9,011

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on loan agreements, current

4,948

5,091

5,197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of prepaid capital lease interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

508

551

593

-

-

-

-

-

-

-

-

Other current assets, net

13,610

11,432

11,566

15,697

14,455

9,608

7,637

5,555

6,632

4,402

1,774

1,124

1,548

634

1,463

1,241

1,236

1,021

1,833

1,282

1,871

2,302

2,510

2,537

3,029

1,235

2,252

1,183

1,949

2,022

3,095

4,960

6,025

4,285

3,497

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,829

1,731

-

-

-

-

-

-

-

-

688

-

-

-

398

Total Current Assets

503,892

575,562

596,739

612,494

555,952

594,524

671,767

456,024

314,572

281,704

253,985

236,059

219,444

206,104

265,166

267,976

248,365

242,870

227,728

226,929

209,573

211,329

202,256

190,862

191,699

187,646

180,578

178,751

167,818

166,988

156,151

164,868

165,449

157,146

131,666

Property, plant and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93,931

93,037

92,229

-

-

-

-

84,314

-

-

-

83,114

-

72,823

-

Machinery held under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,097

18,097

18,185

-

18,011

-

-

Construction in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

153

1,630

-

-

-

-

Less: accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,114

48,383

46,829

-

-

-

-

37,351

35,918

34,309

32,756

30,905

28,829

26,612

23,032

Property, plant and equipment, net

119,103

112,336

107,063

96,053

86,949

84,281

83,500

79,828

72,977

64,897

54,885

53,737

52,087

49,381

37,053

37,561

39,231

42,153

43,189

43,550

43,817

44,654

45,400

45,469

46,351

46,714

46,872

46,962

47,702

49,000

50,925

52,209

48,089

46,211

44,894

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

220

227

248

-

278

304

331

335

348

366

-

375

-

-

-

Leasehold Improvements in Progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

388

-

389

400

424

Land use rights, net

36,213

20,745

21,355

21,124

21,245

22,266

15,360

14,912

14,796

8,364

8,284

8,309

8,686

8,820

13,208

13,232

13,598

14,244

14,272

14,421

14,437

14,531

14,627

14,409

14,825

14,846

14,853

14,742

14,740

14,870

15,034

15,111

14,634

14,458

14,298

Deferred compensation cost-stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

180

180

-

-

-

-

175

174

175

176

175

174

171

166

Less: accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

136

133

-

-

-

-

108

104

100

96

92

87

81

71

Intangible assets, net

-

39

132

220

309

0

0

3

5

7

9

11

14

17

21

23

27

31

34

37

40

43

47

50

55

59

63

66

70

74

79

83

87

89

94

Deposits on loan agreements, non-current

6,362

5,091

5,197

10,199

10,175

10,579

11,132

10,712

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayments, non-current

15,253

35,977

33,069

31,575

18,474

31,050

33,401

16,594

9,184

16,530

10,448

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term deferred expense-prepaid interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-478

-585

-702

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

583

595

0

Other assets, non-current

1,463

1,633

574

563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,049

2,117

2,196

-

2,392

2,494

2,604

2,769

1,938

1,956

1,961

1,963

2,534

685

94

Restricted cash, non-current

16,683

17,164

18,415

18,067

3,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right of use assets

-

-

1,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

3,578

4,523

3,566

4,073

3,549

3,566

3,487

4,240

3,312

3,282

3,219

-

4,041

3,766

3,506

2,909

3,579

3,036

2,023

1,868

-

-

1,513

1,392

1,001

964

724

687

738

792

-

605

-

-

-

Security deposits on lease agreement

-

-

-

-

-

-

-

-

-

-

-

-

855

1,723

1,768

1,759

1,796

1,869

1,860

1,867

1,857

1,857

1,857

1,818

1,858

1,849

1,838

1,879

1,868

1,872

1,881

1,879

1,863

-

-

Non-current portion of prepaid capital lease interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

26

57

99

151

216

292

371

-

-

-

822

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

3,210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Non-current Assets

198,659

197,510

190,597

181,877

144,194

151,744

146,882

126,291

96,964

89,800

73,627

65,269

61,644

59,943

52,052

52,577

54,661

58,325

59,414

59,977

-

-

-

62,118

-

-

-

-

-

-

-

-

-

-

-

Total Assets

702,552

773,073

787,337

794,371

700,146

746,269

818,649

582,315

411,537

371,504

327,613

301,328

281,089

266,048

317,218

320,554

303,027

301,196

287,142

286,906

270,098

272,860

264,729

252,980

255,549

252,006

245,241

243,560

232,549

233,182

224,461

234,527

231,099

218,901

191,378

Liabilities and Equity
Current Liabilities
Accounts payable and bank acceptance notes to vendors, including $16,438,264 and $23,805,200 due to related parties at September 30, 2019 and December 31, 2018, respectively

159,184

193,279

226,765

236,433

211,456

222,438

192,341

118,051

70,124

66,616

60,477

65,672

52,363

39,135

37,640

35,292

14,978

9,411

9,196

13,867

8,627

13,267

8,271

13,290

8,952

10,074

9,695

14,324

7,877

10,418

7,367

10,772

6,833

8,939

10,672

Deposits received from customers

47,433

-

-

51,529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank acceptance notes to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,878

3,320

670

5,589

10,827

15,190

966

Deposits received from customers

-

60,023

53,150

-

63,615

62,481

49,997

43,087

40,656

31,797

25,900

22,733

23,557

23,286

21,304

20,012

26,299

25,124

20,686

19,045

15,733

13,737

13,703

13,931

14,129

9,491

8,487

6,599

5,529

5,012

5,158

5,074

4,285

4,862

7,484

Short term bank loans

201,749

224,366

212,363

217,940

143,991

162,173

239,625

125,380

77,779

47,005

48,871

27,416

25,133

25,309

17,447

23,367

22,042

18,135

12,648

9,539

8,187

11,116

14,359

4,526

-

-

-

14,599

12,453

12,080

11,702

16,448

14,859

17,681

15,770

Current portion of long term loans, net of unamortized debt issuance costs

22,199

21,976

25,086

21,141

22,147

23,938

26,141

24,266

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable, current

3,132

4,481

3,229

3,421

3,250

1,348

1,709

3,249

1,972

1,466

1,268

996

1,125

1,447

-

0

1,474

1,699

1,491

1,101

477

800

395

494

-

-

-

0

1,137

1,240

742

273

1,309

1,399

1,174

Short term bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,033

9,704

11,044

-

-

-

-

-

-

-

-

Accrued expenses

23,085

22,858

19,499

24,045

18,604

19,007

17,651

25,154

19,981

17,999

17,688

20,103

16,688

16,167

11,964

13,870

11,843

12,738

11,541

13,561

12,324

11,928

10,592

10,066

10,888

10,582

9,117

8,501

9,481

9,660

9,115

8,808

8,090

7,672

6,777

Due to related party

8,083

7,774

6,820

5,959

4,481

11,536

36,939

1,572

4,129

23,299

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

745

1,088

1,259

1,453

605

755

927

1,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, current

-

-

492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

855

1,723

2,653

3,519

3,593

3,738

3,721

3,735

3,715

3,714

3,715

3,636

3,717

3,699

3,662

10,458

2,449

2,389

2,353

2,305

3,210

-

-

Other current liabilities

4,041

4,040

3,452

3,288

2,705

3,403

4,013

2,857

2,695

2,517

2,410

2,013

2,201

2,301

2,198

2,067

2,403

2,433

2,487

2,131

1,853

1,242

264

256

160

677

289

313

189

241

282

467

2,293

689

559

Total Current Liabilities

469,654

539,891

552,120

565,213

470,859

507,082

569,347

344,640

217,339

190,701

156,617

138,936

121,925

109,373

93,209

98,129

82,635

73,282

61,772

62,981

50,918

55,807

51,302

46,203

43,882

44,229

42,296

54,797

40,996

44,362

37,391

49,740

51,709

56,436

43,406

Long term loans, less current portion and net of unamortized debt issuance costs

4,630

2,895

5,426

14,429

19,318

25,177

31,773

37,383

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, non-current

628

714

797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable, non-current

8,377

8,377

9,259

9,259

9,259

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

898

1,869

2,790

3,735

4,643

5,572

6,501

7,272

8,365

9,248

10,130

0

8,543

9,211

9,874

10,469

9,999

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

342

326

310

291

276

263

250

236

220

203

171

Total Non-current Liabilities

13,636

11,987

15,482

23,688

28,577

25,177

31,773

37,383

-

-

-

0

-

-

-

-

898

1,869

2,790

3,735

4,643

5,572

6,501

7,272

8,707

-

-

291

8,820

9,474

10,124

0

10,219

-

171

Total Liabilities

483,291

551,878

567,603

588,902

499,437

532,260

601,120

382,024

217,339

190,701

156,617

138,936

121,925

109,373

93,209

98,129

83,533

75,151

64,563

66,716

55,562

61,380

57,803

53,476

52,589

53,804

52,736

55,089

49,817

53,837

47,516

60,446

61,929

56,639

43,578

Equity
Preferred stock - no par value; 1,000,000 authorized; none issued and outstanding as of September 30, 2019 and December 31, 2018

-

-

-

-

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

Common stock - $0.002 par value; 50,000,000 authorized, 19,304,921 issued and outstanding as of September 30, 2019 and December 31, 2018

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

Additional paid-in capital

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

-28,582

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

42,199

Reserves

21,902

21,480

20,911

20,007

19,615

19,064

18,389

17,562

17,273

16,414

15,822

15,129

14,541

14,145

13,260

13,207

12,767

12,564

12,335

12,019

11,600

11,315

10,900

10,609

10,523

10,195

9,806

9,676

9,237

8,919

8,608

8,375

7,992

7,636

6,641

Accumulated other comprehensive income

259

6,187

10,516

6,655

5,754

13,231

23,143

15,903

13,308

9,838

6,937

6,117

11,523

12,522

16,658

15,662

19,620

27,695

26,766

27,516

26,357

26,396

26,418

22,465

26,364

25,450

24,416

22,020

20,944

21,359

22,146

21,910

20,722

17,985

14,731

Retained earnings

195,433

191,670

186,601

178,535

175,602

181,759

175,690

168,244

165,642

157,916

152,583

146,352

138,629

135,787

129,433

129,055

123,547

121,702

119,669

116,935

113,356

110,740

107,023

104,544

103,845

100,862

97,217

96,114

92,439

89,395

86,711

84,610

81,652

78,501

69,672

Total SORL Auto Parts, Inc. Stockholders' Equity

189,051

190,794

189,484

176,654

172,429

185,511

188,679

173,165

167,680

155,625

146,799

139,055

136,150

133,910

201,589

200,163

198,172

204,199

201,009

198,708

193,552

190,690

186,580

179,856

182,971

178,746

173,677

170,048

164,858

161,912

159,703

157,134

152,605

146,361

133,283

Noncontrolling Interest In Subsidiaries

30,209

30,400

30,249

28,814

28,280

28,497

28,849

27,126

26,516

25,177

24,196

23,336

23,013

22,764

22,419

22,261

21,320

21,845

21,569

21,481

20,983

20,790

20,345

19,647

19,987

19,455

18,826

18,423

17,873

17,432

17,241

16,947

16,563

15,900

14,517

Total Equity

219,260

221,194

219,734

205,469

200,709

214,008

217,529

200,291

194,197

180,802

170,995

162,391

159,163

156,674

224,009

222,424

219,493

226,044

222,578

220,189

214,536

211,480

206,925

199,503

202,959

198,202

192,504

188,471

182,732

179,345

176,945

174,081

169,169

162,262

147,800

Total Liabilities and Equity

702,552

773,073

787,337

794,371

700,146

746,269

818,649

582,315

411,537

371,504

327,613

301,328

281,089

266,048

317,218

320,554

303,027

301,196

287,142

286,906

270,098

272,860

264,729

252,980

255,549

252,006

245,241

243,560

232,549

233,182

224,461

234,527

231,099

218,901

191,378