|
Depreciation of property, plant and equipment
|
|
$14.7m
|
$16.1m
|
$20.0m
|
$19.8m
|
$22.1m
|
$30.1m
|
$32.4m
|
|
Amortization of land use rights and intangible assets
|
|
$711k
|
$695k
|
$738k
|
$554k
|
$787k
|
$775k
|
$773k
|
|
Deferred tax benefit
|
|
$27k
|
($6k)
|
—
|
—
|
$0
|
$0
|
($5.4m)
|
|
Share-based compensation
|
|
—
|
$0
|
$82.9m
|
$90.8m
|
$65.0m
|
$30.8m
|
$3.1m
|
|
Impairment loss of long-lived assets
|
|
—
|
—
|
—
|
$1.8m
|
$504k
|
$93.2m
|
$4.1m
|
|
Loss on disposal of property, plant and equipment
|
|
($458k)
|
$207k
|
$13k
|
($14k)
|
$1.9m
|
$844k
|
$414k
|
|
Interest expense
|
|
—
|
—
|
—
|
$0
|
$0
|
$2.2m
|
$0
|
|
Operating lease right-of-use assets
|
|
—
|
$0
|
$0
|
($19.4m)
|
($5.4m)
|
($1.8m)
|
($475k)
|
|
Operating lease liabilities
|
|
—
|
$0
|
$0
|
$15.0m
|
$2.3m
|
($1.6m)
|
($1.8m)
|
|
Net loss
|
|
$3.4m
|
($33.6m)
|
($206.5m)
|
($158.2m)
|
($106.4m)
|
($195.5m)
|
($29.2m)
|
|
Gain on debt restructuring
|
|
—
|
—
|
—
|
$0
|
$0
|
($9.4m)
|
($1.3m)
|
|
Noncash lease expenses
|
|
—
|
$0
|
$0
|
$2.2m
|
$2.8m
|
$2.7m
|
$2.6m
|
|
Changes in fair value of warrant liability and convertible loan
|
|
—
|
—
|
—
|
$979k
|
$59k
|
($80.0m)
|
$39.1m
|
|
Allowance of credit losses
|
|
—
|
—
|
$721k
|
$1.6m
|
$236k
|
$3.7m
|
$8.0m
|
|
Write-down for obsolete inventories
|
|
$4.2m
|
$1.3m
|
$18.3m
|
$4.8m
|
$3.6m
|
$3.3m
|
$33.7m
|
|
Product warranty
|
|
$3.5m
|
$3.5m
|
$52.9m
|
$14.1m
|
$12.7m
|
$12.8m
|
$17.2m
|
|
Notes receivable
|
|
$31.8m
|
$13.9m
|
$10.0m
|
$3.2m
|
($25.3m)
|
$6.5m
|
($27.3m)
|
|
Accounts receivable
|
|
$46.9m
|
($3.6m)
|
($11.8m)
|
($38.9m)
|
($21.8m)
|
$8.8m
|
($27.3m)
|
|
Inventories
|
|
$10.4m
|
$13.6m
|
($25.9m)
|
($43.7m)
|
($74.4m)
|
($546k)
|
$27.1m
|
|
Prepaid expenses and other current assets
|
|
($186k)
|
$164k
|
($11.0m)
|
$3.6m
|
($14.3m)
|
$3.3m
|
$8.9m
|
|
Amounts due from/to related parties
|
|
($1.2m)
|
$1.9m
|
($84k)
|
$85k
|
$0
|
$5k
|
($3k)
|
|
Other non-current assets
|
|
$280k
|
($139k)
|
($2.1m)
|
($282k)
|
($547k)
|
($973k)
|
$629k
|
|
Notes payable
|
|
($25.9m)
|
($1.6m)
|
$24.2m
|
$13.5m
|
($3.5m)
|
($9.9m)
|
$24.0m
|
|
Accounts payable
|
|
($12.9m)
|
$3.8m
|
($2.5m)
|
$7.1m
|
$68.6m
|
($44.5m)
|
($20.2m)
|
|
Advance from customers
|
|
$2.3m
|
($1.4m)
|
($971k)
|
$53.0m
|
($10.9m)
|
$836k
|
($38.3m)
|
|
Accrued expenses and other liabilities
|
|
($1.5m)
|
$2.3m
|
($5.9m)
|
($24.7m)
|
$6.6m
|
($16.5m)
|
$20.6m
|
|
Other non-current liabilities
|
|
—
|
$0
|
$2.2m
|
$946k
|
$316k
|
$3.7m
|
$4.6m
|
|
Proceeds from bank borrowings
|
|
—
|
$17.3m
|
$38.9m
|
$58.7m
|
$47.9m
|
$101.5m
|
$85.7m
|
|
Repayment of bonds payable
|
|
—
|
$0
|
$0
|
($29.3m)
|
($692k)
|
$0
|
($1.4m)
|
|
Repayment of bank borrowings
|
|
($71.7m)
|
($17.8m)
|
($37.6m)
|
($24.5m)
|
($14.1m)
|
($66.2m)
|
($96.1m)
|
|
Convertible loan
|
|
$87k
|
$25k
|
$8.4m
|
$0
|
$0
|
$25.0m
|
$0
|
|
Payment for equity issuance costs
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($809k)
|
|
Net cash generated in operating activities
|
|
($1.6m)
|
($706k)
|
($45.0m)
|
($53.9m)
|
($75.3m)
|
$2.8m
|
$75.9m
|
|
Purchases of property, plant and equipment
|
|
($20.3m)
|
($18.6m)
|
($87.9m)
|
($150.9m)
|
($186.8m)
|
($27.7m)
|
($19.8m)
|
|
Proceeds on disposal of property, plant and equipment
|
|
$24k
|
$13k
|
$0
|
$5k
|
$1.6m
|
$10.0m
|
$3.8m
|
|
Deferred payment related to purchases of property, plant and equipment
|
|
$23.5m
|
$15.1m
|
$18.5m
|
$0
|
$0
|
($22.2m)
|
($18.9m)
|
|
Payable for purchase of property, plant and equipment
|
|
$23.5m
|
$15.1m
|
$18.5m
|
$29.2m
|
$96.3m
|
$46.0m
|
$30.2m
|
|
Notes receivable in exchange for property, plant and equipment
|
|
$24k
|
$13k
|
$2.4m
|
$5k
|
$3.2m
|
$9.3m
|
$29.6m
|
|
Purchase of short-term investments
|
|
($20.4m)
|
($4.6m)
|
$0
|
($25.1m)
|
($6.0m)
|
$0
|
$0
|
|
Proceeds from maturity of short-term investments
|
|
$36.6m
|
$5.6m
|
$0
|
$0
|
$25.5m
|
$5.6m
|
$0
|
|
Net cash used in investing activities
|
|
($275.1m)
|
$512k
|
($87.9m)
|
($175.9m)
|
($165.6m)
|
($12.2m)
|
($16.0m)
|
|
Payment for debt issuance costs
|
|
—
|
—
|
—
|
$0
|
$0
|
($525k)
|
$0
|
|
Proceeds from sale of common stocks
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$28.8m
|
|
Net cash (used in)/ provided by financing activities
|
|
$276.8m
|
$189k
|
$624.9m
|
$5.0m
|
$33.0m
|
$37.6m
|
($2.7m)
|
|
Effect of exchange rate changes
|
|
($994k)
|
$2.0m
|
$2.9m
|
($8.6m)
|
($6.6m)
|
($6.8m)
|
$2.5m
|
|
Increase/ (decrease) in cash, cash equivalents and restricted cash
|
|
($43.8m)
|
($588k)
|
$494.9m
|
($233.5m)
|
($214.4m)
|
$21.4m
|
$59.6m
|
|
Cash, cash equivalents and restricted cash at beginning of the year
|
|
$41.8m
|
$41.2m
|
$536.1m
|
$302.6m
|
$88.2m
|
$109.6m
|
$169.2m
|
|
Cash and cash equivalents
|
|
$140k
|
$136k
|
$480.9m
|
$231.4m
|
$44.5m
|
$73.0m
|
$105.0m
|
|
Restricted cash
|
|
$13.8m
|
$19.7m
|
$55.2m
|
$71.2m
|
$43.6m
|
$36.6m
|
$64.3m
|
|
Interest paid
|
|
$2.5m
|
$2.0m
|
$2.7m
|
$5.1m
|
$4.4m
|
$7.4m
|
$6.0m
|
|
Income tax paid
|
|
$938k
|
$0
|
$0
|
$0
|
$0
|
$0
|
$1.8m
|