by operating activities:
Minority interest 49,251 30,364
Depreciation 726,969 584,801
Amortization 95,940 27,673
Changes in operating assets
and liabilities:
(Increase)/Decrease in bank
checks and commercial paper 623,589 335,215
(Increase)/Decrease in
accounts receivable 513,661 (1,437,788)
(Increase)/Decrease in
prepaid expenses (345,162) (1,271,877)
(Increase)/Decrease in
inventory (1,056,278) (21,340)
(Increase)/Decrease in
advance to employees (50,691) 64,672
Increase/(Decrease) in
accounts payable and
accrued expenses 1,676,877 (416,997)
Increase/(Decrease) in
taxes payable 1,143,879 1,293,536
Increase/(Decrease) in
deferred revenue 202,030 69,992
Increase/(Decrease) in
employee security deposit 84,304 152,471
Net cash provided (used) by
operating activities 8,540,203 2,416,720
Investing Activities
Purchase of fixed assets (4,649,895) (1,698,011)
Purchase of land use rights -- (3,376,077)
Loans to unaffiliated suppliers (116,103) (414,451)
Loans to a related party (5,223,903) (3,381,395)
Net cash (used) by investing
activities (9,989,901) (8,869,934)
Financing Activities
Bank loans
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| SOURCE China RuiTai International Holdings Co., Ltd. Copyright©2008 PR Newswire. All rights reserved |