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10-Q - YASHENG GROUP 10-Q - Yasheng Groupyasheng_10q-15346.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECURITIES EXCHANGE ACT OF 1934 RULE 13A-14(A) OR 15D-14(A) - Yasheng Groupexhibit_31-1.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Yasheng Groupexhibit_32-2.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECURITIES EXCHANGE ACT OF 1934 RULE 13A-14(A) OR 15D-14(A) - Yasheng Groupexhibit_31-2.htm
EXCEL - IDEA: XBRL DOCUMENT - Yasheng GroupFinancial_Report.xls
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EX-99.1 - SUMMARY OF YASHENG LABOR CONTRACT - Yasheng Groupexhibit_99-1.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Yasheng Groupexhibit_32-1.htm
v2.4.0.6
Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 84,816,277 $ 76,732,098
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,680,440 6,918,603
Allowance for doubtful accounts 179,205 12,954
Changes in assets and liabilities:    
Accounts receivable (3,591,276) (259,591)
Inventories (59,544,898) (12,821,920)
Prepaid and other current assets 365,618 369,617
Accounts payable (3,428,356) (5,349,758)
Tax payables (106,559) (73,021)
Accrued expenses and other current liabilities (45,697) (63,878)
Net cash provided by operating activities 26,324,754 65,465,105
Cash flows from investing activities:    
Purchase of assets (10,838,251) (59,623,227)
Investments      
Net cash used in investing activities (10,838,251) (59,623,227)
Cash flows from financing activities:    
Payment on land lease (3,613,953) (4,588,211)
Increase (decrease) in debt (5,443,087) (3,892,991)
Net cash provided by financing activities (9,057,041) (8,481,202)
Effect of exchange rate change on cash and cash equivalents (273,053) 3,113,805
Net increase (decrease) in cash and cash equivalents 6,156,409 474,481
Cash and cash equivalents at beginning of period 10,714,391 10,116,750
Cash and cash equivalents at end of period 10,870,801 10,591,231
Supplemental Disclosures:    
Cash paid for interest 1,084,519 1,839,125
Cash paid for income taxes