| Current Assets |
| Cash and Cash Equivalents |
7.49M |
| Accounts Receivable, Net of Provision |
84.49M |
| Bank acceptance notes from customers |
44.33M |
| Inventory |
63.88M |
| Prepayments, including $790,794 and $0 to related parties at June 30, 2011 and December 31, 2010, respectively. |
8.72M |
| Other current assets, including $74,442 and $52,743 due from related parties at June 30, 2011 and December 31, 2010, respectively. |
1.55M |
| Total Current Assets |
219.44M |
| Fixed Assets |
| Property, Plant and Equipment |
| Less: Accumulated Depreciation |
| Property, Plant and Equipment, Net |
52.09M |
| Leasehold Improvements in Progress |
| Land Use Rights, Net |
8.69M |
| Other Assets |
| Deferred compensation cost-stock options |
| Intangible Assets |
| Less: Accumulated Amortization |
| Intangible Assets, Net |
14.71K |
| Deferred tax assets |
| Total Other Assets |
| Total Assets |
281.09M |
| Current Liabilities |
| Accounts Payable, including $0 and $3,151,493 due to related parties at June 30, 2011 and December 31, 2010, respectively. |
52.36M |
| Bank acceptance notes to vendors |
| Deposit Received from Customers |
23.56M |
| Short term bank loans |
25.13M |
| Income tax payable |
1.13M |
| Accrued Expenses |
16.69M |
| Other Current Liabilities, including $215,165 and $64,600 due to related parties at June 30, 2011 and December 31, 2010, respectively. |
2.2M |
| Total Current Liabilities |
121.93M |
| Non-Current Liabilities |
| Deferred tax liabilities |
| Total Liabilities |
121.93M |
| Stockholders' Equity |
| Preferred Stock - No Par Value; 1,000,000 authorized; none issued and outstanding as of June 30, 2011 and December 31, 2010 |
0 |
| Common Stock - $0.002 Par Value; 50,000,000 authorized, 19,304,921 and 19,304,921 issued and outstanding as of June 30, 2011 and December 31, 2010 |
38.61K |
| Additional Paid In Capital |
-28.58M |
| Reserves |
14.54M |
| Accumulated other comprehensive income |
11.52M |
| Retained Earnings |
138.63M |
| Total SORL Auto Parts, Inc. stockholders' equity |
136.15M |
| Noncontrolling Interest In Subsidiaries |
23.01M |
| Total Equity |
159.16M |
| Total Liabilities and Stockholders' Equity |
281.09M |
