--财务数据表格见附录-------.

1、FINAL1财务数据表格见附录CONSOLIDATED INCOME STA TEMENTCONSOLIDATED BALANCE SHEETCONSOLIDATED CASH FLOW STA TEMENTCONSOLIDATED INCOME STATEMENTThree months endedMarch 31,2007US$000Three months endedDecember 31,2007US$000Three months endedMarch 31,2008US$000Net revenue35,91696,046122,982Cost of sales(27,764)(7

2、6,427)(95,748)Gross profit8,15219,61927,234Operating expenses:Sales and marketing(149)(169)(267)General and administrative(1,058)(3,635)(3,389)R&D Expense(63)(898)(442)Other expenses, net578351Total operating expenses(1,213)(4,619)(4,047)Income from operations6,93915,00023,187Interest income6022

3、9306Interest expenses(176)(1,690)(2,144)Foreign exchange (loss) gain(63)(1,174)(56)Total non-operating (expenses) income(179)(2,635)(1,894)In come before in come tax expe nses_ 6,76012,36521,293Income tax benefit(expenses)235,171(3,560)Minority interest-6558Net income6,78317,47117,675Net income per

4、share:-Basic0.070.170.15-Diluted0.070.170.14Net income per ADS:-Basic0.140.340.30-Diluted0.140.340.28Shares used in computation:-Basic100,000,032100,000,032113,906,186-Diluted100,841,684110,645,584124,460,612FINAL2CONSOLIDATED BALANCE SHEETAs atAs atAs atMarch 31,2007December 31,2007March 31,2008US$

5、000US$000US$000ASSETSCurrent assets:Cash and cash equivalents131,03153,13767,441Accounts receivable, net of allowances for doubtful receivab8548,75516,234Inventories59,597110,630156,277Advances to suppliers10,41553,72788,843Amounts due from related parties7,15213,38236,046Value added tax recoverable

6、6,7751173,808Prepaid expenses and other current assets4,10413,0064,972Deferred tax assets3,57610,4878,861Total current assets223,504263,241382,482Property, plant and equipment, net26,651136,598172,330Prepaid land rent, net4,2687,5029,391Deferred tax assets68284629Deferred convertible bond issue cost

7、s4,2123,3363,087Advances for purchases of property, plant and equipment26,29029,64877,169Total assets284,993440,609645,088LIABILITIES AND SHAREHOLDERS EQUITYLiabilitiesCurrent liabilities:Short-term borrowings(45,983)(71,691)(88,968)Accounts payable(4,869)(13,147)(22,373)Advances from customers(31,8

8、93)(59,626)(72,188)Amounts due to related parties(224)-(15)Other current liabilities(1,824)(13,912)(12,328)Total current liabilities(84,793)(158,376)(195,872)Convertible bond payable(120,096)(128,265)(133,999)Long-term borrowings-(17,797)(34,085)Other long-term liabilities(63)(1,246)(1,114)Total lia

9、bilities(204,952)(305,684)(365,070)Minority interest:(9,217)(17,635)Shareholders equityCommon shares(36,266)(36,266)(145,291)Additional paid-in capital(11,808)(14,827)(15,579)Retained earnings(30,047)(66,200)(83,875)Accumulated other comprehensive income(1,920)(8,415)(17,638)Total shareholders equit

10、y(80,041)(125,708)(262,383)Total liabilities and shareholders equity(284,993)(440,609)(645,088)FINAL3CONSOLIDATED CASH FLOW STATEMENTThree months endedMarch 31,2007US$000Three months endedDecember 31,2007US$000Three months endedMarch 31,2008US$000Cash flows from operating activities:Net income6,7831

11、7,47117,675Adjustments for:Minority interest-6558Depreciation5181,7332,459Amortization of deferred convertible bondissue costs and premium38728753Allowances for doubtful receivables563784Prepaid land rent expensed274635Share-based compensation69670670Changes in operating assets and liabilities:Accou

12、nts receivable(210)(3,040)(7,914)Inventories(14,419)(13,621)(40,353)Advances to suppliers6,696(17,818)(32,194)Amounts due from related parties(1,334)991(17,746)Value added tax recoverable(1,713)3,899(2,667)Prepaid expenses and other current assets(1,116)5,2112,151Prepaid land rent-(25)(1,579)Account

13、s payable(80)2,9608,505Advances from customers(2,897)22,2599,869Deferred taxes(188)(5,029)1,730Other liabilities1234,156(3,728)Net cash provided by (used in) operatingactivities647)21,034(62,272)Cash flows from investing activities:Purchases of property, plant and equipment(6,723)(35,341)(22,330)Adv

14、ances for purchases of property, plantand equipment(11,211)(5,947)(45,339)Cash provided to related parties-(3,680)-Net cash used in investing activities(17,934)(44,968)(67,669)Cash flows from financing activities:Net proceeds from short-term borrowings31,2286,29229,221Proceeds from issuance of commo

15、n shares-119,762Share issuance costs-(10,737)Net proceeds from issuance of convertiblebonds115,771-Contribution from minority shareholders ofsubsidiaries-Proceeds from capital contribution-Distribution in respect of reorganization-Other distribution to shareholders-Cash received from related parties-11115Cash paid to related parties(389)(120)-Net cash provided by financing activities146,6106