10-Q Filing

CHINA NUTRIFRUIT GROUP LTD CIK: 753224 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001204459-12-000310`
Period End Date	20111231
Filing Date	20120214
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cngl-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 72 Cash Flow Statement 56

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	330,860.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	330,860.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	330,860.00	shares	Point-in-time
Trade receivables, net of allowance	`AccountsReceivableNetCurrent`	$11.53M	USD	Point-in-time
Trade receivables, net of allowance	`AccountsReceivableNetCurrent`	$12.48M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	330,860.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$43.35M	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.42M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Prepayments and deposits	`PrepaidExpenseCurrent`	$7.76M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Prepayments and deposits	`PrepaidExpenseCurrent`	$264.88K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.53K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$66.34K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$76.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.70M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$50.19M	USD	Point-in-time
Prepayments and deposits	`PrepaidExpenseAndOtherAssetsNoncurrent`	$10.98M	USD	Point-in-time
Prepayments and deposits	`PrepaidExpenseAndOtherAssetsNoncurrent`	$801.95K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$994.71K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$5.92M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$784.69K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$909.88K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$188.20K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$189.95K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$101.01M	USD	Point-in-time
Other payables and accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$3.31M	USD	Point-in-time
Other payables and accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$3.08M	USD	Point-in-time
Receipt in advance	`CustomerAdvancesCurrent`	$1.27M	USD	Point-in-time
Receipt in advance	`CustomerAdvancesCurrent`	-	USD	Point-in-time
Bank borrowings	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Bank borrowings	`ShortTermBankLoansAndNotesPayable`	$22.20M	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$946.55K	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$134.96K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$130.28K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$670.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.37M	USD	Point-in-time
Bank borrowings	`LongTermLoansFromBank`	$1.26M	USD	Point-in-time
Bank borrowings	`LongTermLoansFromBank`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$28.63M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.74M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock Authorized: 5,000,000 shares, par value $0.001 Issued and outstanding: 330,860 shares as at December 31, 2011; (330,860 as at March 31, 2011)	`PreferredStockValue`	$331.00	USD	Point-in-time
Preferred stock Authorized: 5,000,000 shares, par value $0.001 Issued and outstanding: 330,860 shares as at December 31, 2011; (330,860 as at March 31, 2011)	`PreferredStockValue`	$331.00	USD	Point-in-time
Common stock Authorized: 120,000,000 shares, par value $0.001 Issued and outstanding: 36,915,762 shares as at December 31, 2011; (36,915,762 shares as at March 31, 2011)	`CommonStockValue`	$36.92K	USD	Point-in-time
Common stock Authorized: 120,000,000 shares, par value $0.001 Issued and outstanding: 36,915,762 shares as at December 31, 2011; (36,915,762 shares as at March 31, 2011)	`CommonStockValue`	$36.92K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$36.49M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$36.49M	USD	Point-in-time
Statutory reserves - restricted	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$9.40M	USD	Point-in-time
Statutory reserves - restricted	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$6.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.01M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.94M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$93.27M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$100.34M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$128.97M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$101.01M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$54.96M	USD	3 Qtrs
Net sales	`Revenues`	$22.14M	USD	1 Quarter
Net sales	`Revenues`	$51.70M	USD	3 Qtrs
Net sales	`Revenues`	$21.61M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$11.86M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$29.60M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$17.01M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$37.36M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.36M	USD	3 Qtrs
Gross profit	`GrossProfit`	$14.33M	USD	3 Qtrs
Selling expenses	`SellingExpense`	$669.12K	USD	1 Quarter
Selling expenses	`SellingExpense`	$2.37M	USD	3 Qtrs
Selling expenses	`SellingExpense`	$1.11M	USD	1 Quarter
Selling expenses	`SellingExpense`	$1.82M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$807.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.88M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.50M	USD	3 Qtrs
Operating earnings	`OperatingIncomeLoss`	$7.63M	USD	3 Qtrs
Operating earnings	`OperatingIncomeLoss`	$8.36M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$2.10M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$20.48M	USD	3 Qtrs
Interest expenses	`InterestExpense`	-	USD	3 Qtrs
Interest expenses	`InterestExpense`	$312.18K	USD	1 Quarter
Interest expenses	`InterestExpense`	-	USD	1 Quarter
Interest expenses	`InterestExpense`	$427.39K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$120.43K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$57.01K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$8.99K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$8.79K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-303.39K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$57.01K	USD	3 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$8.99K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-306.96K	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.33M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.37M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.80M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.54M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.56M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$713.66K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$15.22M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$6.24M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.77M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.06M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.67M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.09M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$640.84K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.83M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.33M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.89M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.40	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.38	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.92M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.70M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.35M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.22M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.22M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$15.22M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$6.24M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.49M	USD	3 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$117.39K	USD	3 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$125.19K	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-5.64M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-1.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.71M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$36.46M	USD	3 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$6.99M	USD	3 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$10.03M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$64.68K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-114.70K	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$232.29K	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$1.25M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.62M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-218.77K	USD	3 Qtrs
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-629.51K	USD	3 Qtrs
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.73M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.76M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.73M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.93M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.33M	USD	3 Qtrs
Addition to construction in progress	`PaymentsForConstructionInProcess`	-	USD	3 Qtrs
Addition to construction in progress	`PaymentsForConstructionInProcess`	$5.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.42M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.93M	USD	3 Qtrs
Proceeds from bank borrowings	`ProceedsFromBankDebt`	-	USD	3 Qtrs
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$23.46M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$809.55K	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$764.05K	USD	3 Qtrs
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	$955.32K	USD	3 Qtrs
Proceeds from private placement held in escrow account	`ProceedsFromPrivatePlacementHeldInEscrowAccount`	$931.63K	USD	3 Qtrs
Proceeds from private placement held in escrow account	`ProceedsFromPrivatePlacementHeldInEscrowAccount`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$122.08K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.75M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.06M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.92M	USD	3 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.67M	USD	3 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.40M	USD	3 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.30M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.34M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.30M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.34M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	$427.39K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$5.42M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$5.17M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.