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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities      
Net income $ 31,445,126 $ 25,514,695 $ 44,774,048
Adjustments to reconcile net income to net cash provided by operating activities      
Issuance of common stock and stock options for compensation 5,185,120 8,119,724 3,489,687
Depreciation and amortization 47,709,523 33,261,249 14,764,046
Impairment of assets 0 5,161,815 0
Loss on disposal of property, plant and equipment 26,184 0 0
Changes in operating assets      
Accounts receivable 20,861,251 (3,149,501) (21,651,656)
Other current assets 24,758 (81,255) (90,500)
Inventories (25,088,572) (40,948,365) (5,212,729)
Advances to suppliers (7,979,577) (12,362,036) (7,635,033)
Other assets (66,702) 48,777 87,228
Changes in operating liabilities      
Accounts payable (1,026,403) (7,716) (3,589,487)
Customer deposits (6,743,348) 24,321,366 (1,228,419)
Tax payables 2,555,157 (23,961,587) 7,555,402
Accrued expenses and other payables 632,400 695,186 (286,860)
Amount due to related parties 0 0 1,115,100
Net cash provided by operating activities 67,534,917 16,612,352 32,090,827
Cash flows from investing activities      
Purchase of plant, property, and equipment (446,291) (1,602,460) (529,505)
Proceeds from other receivables 6,591,134 0 0
Deferred assets (9,239,387) (72,061,705) (31,919,750)
Net cash used in investing activities (3,094,544) (73,664,165) (32,449,255)
Cash flows from financing activities      
Proceeds from the sale of common stock 3,573,593 0 0
Proceeds from loans 21,844,890 35,145,885 2,943,885
Repayment of loans (22,431,330) (27,282,645) (1,103,970)
Payment of dividends (2,161,904)   0
Advance from related party 300,400 650,000 0
Net cash provided by financing activities 1,125,649 8,513,240 1,839,915
Effect of exchange rate change on cash and cash equivalents 526,221 397,405 1,571,372
Net increase (decrease) in cash and cash equivalents 66,092,243 (48,141,168) 3,052,859
Cash and cash equivalents, beginning balance 26,890,321 75,031,489 71,978,630
Cash and cash equivalents, ending balance 92,982,564 26,890,321 75,031,489
Supplement disclosure of cash flow information      
Interest expense paid 1,712,670 1,380,829 1,009,506
Income taxes paid 6,361,658 32,022,533 22,658,825
Supplemental Disclosure of Non-Cash Financing Activities:      
Issuance 118,778 shares of common stock for repayment of amount due to related party 0 525,000 300,000
Transfer of Property, Plant and Equipment to Assets held for sale $ 0 $ 0 $ 11,676,736