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Steven R. Chapski
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Steven R. Chapski, CPA, CFE, CSM, is a partner in Chapski & Chapski, CPAs, LLP. He graduated with honors from the School of Business Administration at the University of Michigan in May of 1991. He passed with high distinction the Certified Public Accountant (CPA) examination later that same... More
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Chapski & Chapski, CPAs, LLP
  • Lihua Copper (Translated) 0 comments
    May 10, 2010 12:07 PM | about stocks: LIWA
     
    Balance Sheet
    Unit: CNY
     
    as of Dec. 31, 2007
    as of Dec. 31, 2008
    as of Dec. 31, 2009
    Cash & bank
    58,578.56
    1,948,144.54
    122,283,534.13
    Short-term investment
    0
    0
    0
    Bills receivable
    0
    0
    3,754,747
    Dividend receivable
    0
    0
    0
    Interest receivable
    0
    0
    0
    Accounts receivable
    0
    0
    50,062,636.24
    Other receivables
    26,705,211.78
    59,974,641.51
    93,921,638.42
    Advances to supplies
    0
    28,475,966.55
    17,439,930.95
    Inventory
    0
    0
    33,942,790.06
    Prepaid expenses
    0
    0
    925,081.19
    Long-term investment due within one year
    0
    0
    0
    Other current assets
    0
    0
    0
     
    ------------------
    ------------------
    ------------------
    Current assets
    26,763,790.34
    90,398,752.60
    322,330,357.99
    Long-term investment on stocks
    0
    0
    0
    Long-term investment on bonds
    0
    0
    0
    Equity division
    0
    0
    0
    Total long-term investment
    0
    0
    0
    Fixed assets-cost
    0
    0
    33,078,789.89
    Less: Accumulated depreciation
    0
    0
    1,081,675.33
    Net fixed assets
    0
    0
    31,997,114.56
    Less: Fixed assets depreciation reserves
    0
    0
    0
    Fixed assets net value
    0
    0
    31,997,114.56
    Project goods and material
    0
    0
    0
    Projects under construction
    0
    2,900,766.45
    1,890,368.56
    Liquidation of fixed assets
    0
    0
    0
    Total fixed assets
    0
    2,900,766.45
    33,887,483.12
    Intangible assets
    0
    15,188,494.00
    14,583,086.92
    Long-term deferred expense
    1,503.94
    178,313.23
    385,196.52
    Other Long-term assets
    0
    0
    0
    Intangible assets and other assets
    1,503.94
    15,366,807.23
     
    14,968,283.44
    Deferred taxes debit
    0
    0
    0
     
    ------------------
    ------------------
    ------------------
    Total assets
    26,765,294.28
    108,666,326.28
    371,186,124.55
     
    =============
    =============
    =============
    Short loans
    0
    0
    120,000,000.00
    Bills payable
    0
    1,200,000.00
    138,300,000.00
    Accounts payable
    0
    0
    22,613,001.00
    Advances from clients
    0
    0
    3,108848
    Accrued payroll payable
    0
    0
    371,854.02
    Welfare payable
    0
    0
    0
     Including: bonus and welfare fund for staff and workers
    0
    0
     
     
    0
    Dividend payable
    0
    0
    0
    Interest payable
    0
    0
    0
    Taxes payable
    0
    0
    -6,651,442.27
    Other unpayable
    0
    0
    52,050
    Other accounts payable
    50,000.00
    2,594,296.00
    4,368,044.91
    Drawing expense in advance
    0
    0
    0
    Long-term liabilities due within one year
    0
    0
    0
    Other current liabilities
    0
    0
    0
     
    -----------------
    -----------------
    ------------------
    Current liabilities
    50,000.00
    3,794,296.00
    282,162,355.66
    Long term loans
    0
    0
    0
    Bonds payable
    0
    0
    0
    Long-term account payable
    0
    0
    0
    Special accounts payable
    0
    0
    0
    Other long-term liabilities
    0
    0
    0
    Total Long-term liabilities
    0
    0
    0
    Deferred tax credits
    0
    0
    0
     
    ------------------
    ------------------
    ------------------
    Total liabilities
    50,000.00
    3,794,296.00
    282,162,355.66
    Paid-up capital
    26,715,294.28
    104,872,030.28
    104,872,030.28
     Including: Chinese investments
    0
    0
    0
                     Including: State capital
    0
    0
    0
                      Foreign investments
    26,715,294.28
    104,872,030.28
    104,872,030.28
     Less: Investments returned
    0
    0
    0
    Net paid-up capital
    26,715,294.28
    104,872,030.28
    104,872,030.28
    Capital surplus
    0
    0
    0
    Surplus reserves
    0
    0
    0
    Including: Legal surplus
    0
    0
    0
                     Discretionary surplus reserve
    0
    0
    0
                    Reserve fund
    0
    0
    0
    Enterprise development fund
    0
    0
    0
    Capital redemption
    0
    0
    0
    Unrealized investment losses
    0
    0
    0
    Unappropriated profit
    0
    0
    -15,848,261.39
    Equities
    26,715,294.28
    104,872,030.28
    89,023,768.89
     
    ------------------
    ------------------
    ------------------
    Total liabilities & equities
    26,765,294.28
    108,666,326.28
    371,186,124.55
     
    =============
    =============
    =============
     
     
     
    Income Statement
    Unit: CNY
     
    as of Dec. 31, 2007
    as of Dec. 31, 2008
    as of Dec. 31, 2009
    Turnover
    0
    0
    636,861,081.96
    Including: Export Sales
    0
    0
    0
    Less: Cost of goods sold
    0
    0
    640,470,600.87
    Including: Cost of export sales
    0
    0
    0
    Tax and associate charge
    0
    0
    0
    Main Business Profits
    0
    0
    -3,609,518.91
    Add: Other operating income
    0
    0
    131,652.99
     Less: Sales expense
    0
    0
    2,167,271.28
               Management expense
    0
    0
    3,718,814.66
               Including: Business entertainment expenses
     
    0
    0
    0
                                Research and development expense
     
    0
    0
    0
               Finance expense
    0
    0
    6,480,721.49
               Including: Interest expense
    0
    0
    0
                                Interest revenue
    0
    0
    0
                                Exchange net loss
    0
    0
    0
    Operation profit
    0
    0
    -15,844,673.35
    Add: Investment income
    0
    0
    0
    Including: Joint venture income
    0
    0
    0
    Subsidy income
    0
    0
    0
    Non-operating income
    0
    0
    0
    Less: Non-operating expenses
    0
    0
    3,588.04
               Including: Non-current assets disposition loss
     
    0
    0
    0
    Total profits before tax
    0
    0
    -15,848,261.39
    Less: profit tax
    0
    0
    0
    Minority interest
    0
    0
    0
    Add: Unrealized investment losses
    0
    0
    0
    Net profit
    0
    0
    -15,848,261.39
     


    Disclosure: Short LIWA
    Themes: Short Ideas Stocks: LIWA
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