SORL Auto Parts Inc company info

CIK 714284
IRS Number 300091294
State of incorporation DE
Business address NO. 1169 YUMENG ROAD
RUIAN ECONOMIC DEVELOPMENT ZONE
RUIAN CITY, ZHEJIANG
F4
325200
Mail address NO. 1169 YUMENG ROAD, KNIAN
RUIAN ECONOMIC DEVELOPMENT ZONE
RUIAN CITY, ZHEJIANG
F4
325200

Short summary

SORL Auto Parts Inc is a China company, with head office located at No. 1169 Yumeng Road Ruian City, Zhejiang, China 325200. In 2018 the company owned a total of 700.15 million USD worth of assets, including 555.95 million USD worth of current assets and 144.19 million USD worth of non-current assets. 2017 was the year when the company amassed the most assets.

SORL Auto Parts Inc Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Revenue, Net 199.37216.79192.22208.57237.65218.66278.74390.52
Cost of Goods and Services Sold 141.23-156.78-139.68149.95170.79159.25199.22286.34
Gross Profit 58.1460.0052.5458.6266.8659.4172.90104.19
Research and development 7.229.007.857.557.607.367.7111.00
Operating Expenses 33.5840.3340.4245.8449.2947.8752.7572.10
Operating Income (Loss) 24.5619.6717.3414.8619.8414.7423.1935.13
Interest expense 1.133.222.361.401.121.270.893.10
Other Nonoperating Income (Expense) 1.292.780.52
Income Tax Expense (Benefit) 2.752.662.012.052.872.033.274.72
Net income 20.3716.6712.809.3613.8013.3119.2224.32

SORL Auto Parts Inc Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 7.9814.1821.3538.0127.0211.628.317.8924.5317.61
Accounts Receivable, Net, Current 71.8169.1258.5869.1976.5684.08121.20183.07163.75
Inventories 42.1054.8666.4582.4573.3658.3984.01136.91159.12
Deferred income taxes 0.400.791.041.733.043.793.283.31
Property, Plant and Equipment, Gross 72.8283.1188.2293.0498.28103.85126.11156.47159.20
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 26.6134.3141.5048.3856.1354.4761.2172.1972.25
Other Assets, Noncurrent 0.691.962.492.122.05
Total assets 218.90233.18252.01272.86301.20266.05371.50746.27700.15
Current assets 157.15166.99187.65211.33242.87206.10281.70594.52555.95
Non-current assets 62.1258.3359.9489.80151.74144.19
Accounts payable 8.9410.4210.0713.279.4139.1466.62222.44211.46
Taxes Payable, Current 1.76
Total current liabilities 56.4444.3644.2355.8173.28109.37190.70507.08470.86
Long-term Debt, Excluding Current Maturities 025.1819.32
Long-term Debt 61.65
Deferred income taxes 0.200.260.33
Total liabilities 56.6453.8453.8061.3875.15109.37190.70532.26499.44
Common Stock, Value, Issued 0.040.040.040.040.040.040.040.040.04
Accumulated Other Comprehensive Income (Loss), Net of Tax 17.9921.3625.4526.4027.7012.529.8413.235.75

SORL Auto Parts Inc Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income 20.3716.6712.809.3613.8013.3119.2224.32
Depreciation and amortization 5.357.227.417.197.397.417.249.26
Depreciation 6.746.936.737.007.036.948.87
Amortization of Intangible Assets 0.020.020.020.010.010.01
Deferred Income Tax Expense (Benefit) -0.13-0.03-1.00-0.43-1.180.50-0.81
Accounts receivable 5.099.03-2.793.9211.0210.6239.4226.64
Inventories 7.0522.220.4019.455.84-5.10-3.2843.14
Accounts payable -1.363.580.2122.6631.9946.44
Deferred revenue 00.99
Net Cash Provided by (Used in) Operating Activities 12.267.6531.625.4333.82
Payments to Acquire Property, Plant, and Equipment 16.939.232.524.884.003.06
Payments to Acquire Productive Assets 9.232.524.884.003.0615.8952.26
Payments to Acquire Businesses, Net of Cash Acquired 24.96
Payments to Acquire Intangible Assets 0.007.93
Net Cash Provided by (Used in) Investing Activities -41.89-8.31-3.3238.21-120.63
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -1.62-4.80-38.31-32.9438.21
Proceeds from Issuance of Long-term Debt 029.69
Proceeds from Issuance of Common Stock 9.40
Net Cash Provided by (Used in) Financing Activities 25.9710.50-4.16-66.8282.61
Cash and Cash Equivalents, Period Increase (Decrease) -3.5610.4324.14-13.01-14.2316.22-22.17-3.84