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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities      
Net income $ 41,957,825 $ 32,914,101 $ 21,289,758
Adjustments to reconcile net income to net cash provided by operating activities      
Issuance of common stock and stock options for compensation 3,248,836 3,605,235 1,695,449
Cancelation of previously issued shares for services 0 (31,056) 0
Depreciation 4,429,960 4,161,068 2,310,596
Amortization 1,562,906 1,587,190 287,521
Changes in operating assets, net of effects from acquisitions      
Accounts receivable (43,814,193) (838,962) (7,278,914)
Other current assets 245,965 (414,302) 50,286
Inventories (4,278,219) 6,765,750 (4,006,562)
Advances to suppliers (442,144) (9,390,123) (124,298)
Other assets (28,198) (146,674) (44,648)
Change in operating liabilities, net of effects from acquisitions      
Accounts payable 755,931 (494,063) (602,750)
Unearned revenue (8,649,382) (8,875,835) 17,304
Tax payables 10,443,311 4,467,368 (606,318)
Accrued expenses and other payables 967,800 337,772 (755,389)
Net cash provided by operating activities 6,400,398 33,647,469 12,232,035
Cash flows from investing activities      
Purchase of plant, property, and equipment (11,883,947) (22,740,118) (14,092,793)
Purchase of intangible assets 0 0 (10,719,653)
Acquisition, net of cash acquired 0 (6,720,539) 0
Increase in construction in progress 0 (3,506,045) 8,287,753
Net cash used in investing activities (11,883,947) (32,966,702) (16,524,693)
Cash flows from financing activities      
Repayment of loan 0 (2,253,000) (3,178,477)
Proceeds from loans 9,678,375 2,253,000 0
Shares issuance cost 0 0 (2,232,302)
Proceeds from issuance of shares 300,001 0 53,778,748
Advance from related party 300,000 0 0
Restricted cash 0 0 83,579
Net cash provided by financing activities 10,278,376 0 48,451,548
Effect of exchange rate change on cash and cash equivalents 1,577,390 2,590,209 381,100
Net increase in cash and cash equivalents 6,372,217 3,270,976 44,539,990
Cash and cash equivalents, beginning balance 65,606,413 62,335,437 17,795,447
Cash and cash equivalents, ending balance 71,978,630 65,606,413 62,335,437
Supplement disclosure of cash flow information      
Interest expense paid 1,590,620 562,778 112,475
Income taxes paid 337,872 4,623,700 3,081,886
Supplement disclosure of non-cash investing and financing activities      
Issuance of 2,275,931 shares for acquisition of Gufeng $ 0 $ 19,299,894 $ 0