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. The company achieved a record breaking net income last year - 24.32 million USD. This is 26.56% higher than one reported in 2016. In 2017 the company owned a total of 818.65 million USD worth of assets, including 671.77 million USD worth of current assets and 146.88 million USD worth of non-current assets. The company amassed the most assets last year, totalling up to 818.65 million USD. The company net sales last year amounted to 390.52 million USD, which means a 43.51% increase when compared to 2016. The company allocated 11.00 million USD of its income to research and development.

SORL Auto Parts Inc Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Revenue, Net 199.37216.79192.22208.57237.65218.66272.12390.52
Cost of Goods and Services Sold 141.23156.78135.95149.95170.79159.25199.22286.34
Gross Profit 58.1460.0056.2758.6266.8659.4175.39104.19
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]200920102011201220132014201520162017Trends
Cash and cash equivalents 7.9814.1821.3538.0127.0211.628.317.8922.68
Accounts Receivable, Net, Current 71.8169.1258.5869.1976.5684.08121.20173.18
Inventories 42.1054.8666.4582.4573.3658.3984.01117.76
Deferred income taxes 0.400.791.041.733.043.793.283.31
Property, Plant and Equipment, Gross 72.8283.1188.2293.0498.28103.85126.11157.03
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 26.6134.3141.5048.3856.1354.4761.2173.53
Other Assets, Noncurrent 0.691.962.492.122.05
Total assets 218.90233.18252.01272.86301.20266.05371.50818.65
Current assets 157.15166.99187.65211.33242.87206.10281.70671.77
Non-current assets 62.1258.3359.9489.80146.88
Accounts payable 8.9410.4210.0713.279.4139.1466.62192.34
Total current liabilities 56.4444.3644.2355.8173.28109.37190.70569.35
Long-term Debt, Excluding Current Maturities 031.77
Long-term Debt 61.65
Deferred income taxes 0.200.260.33
Total liabilities 56.6453.8453.8061.3875.15109.37190.70601.12
Common Stock, Value, Issued 0.040.040.040.040.040.040.040.04
Accumulated Other Comprehensive Income (Loss), Net of Tax 17.9921.3625.4526.4027.7012.529.8423.14

SORL Auto Parts Inc Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income 20.3716.6712.809.3613.8013.3119.2224.32
Depreciation and amortization 5.357.227.417.197.397.417.249.26
Depreciation 6.746.936.807.007.036.948.87
Amortization of Intangible Assets 0.020.020.020.010.010.01
Deferred Income Tax Expense (Benefit) -0.13-0.03-1.00-0.43-1.15-0.50-0.81
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
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