Annual report pursuant to Section 13 and 15(d)

Segment information (Tables)

v3.7.0.1
Segment information (Tables)
12 Months Ended
Dec. 31, 2016
Segment information [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The CODM evaluates performance based on each reporting segment’s net sales, cost of sales, gross profit and total assets. Net sales, cost of sales, gross profit and total assets by segments is set out as follows:
 
 
 
For the years ended December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Net sales
 
 
 
 
 
 
 
Lithium Batteries
 
 
112,128,757
 
 
78,624,405
 
Ni-MH Batteries
 
 
57,211,657
 
 
64,566,252
 
New Materials
 
 
4,510,699
 
 
2,990,354
 
Total
 
 
173,851,113
 
 
146,181,011
 
 
 
 
 
 
 
 
 
Cost of Sales
 
 
 
 
 
 
 
Lithium Batteries
 
 
87,721,456
 
 
63,644,284
 
Ni-MH Batteries
 
 
43,163,019
 
 
50,842,135
 
New Materials
 
 
4,884,167
 
 
3,748,516
 
Total
 
 
135,768,642
 
 
118,234,935
 
 
 
 
 
 
 
 
 
Gross Profit
 
 
 
 
 
 
 
Lithium Batteries
 
 
24,407,301
 
 
14,980,121
 
Ni-MH Batteries
 
 
14,048,638
 
 
13,724,117
 
New Materials
 
 
(373,468)
 
 
(758,162)
 
Total
 
 
38,082,471
 
 
27,946,076
 
 
 
 
December 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Total Assets
 
 
 
 
 
 
 
Lithium Batteries
 
 
115,116,508
 
 
82,006,317
 
Ni-MH Batteries
 
 
37,994,369
 
 
41,590,201
 
New Materials
 
 
10,220,873
 
 
10,607,966
 
Total
 
 
163,331,750
 
 
134,204,484
 
Revenue from External Customers by Geographic Areas [Table Text Block]
All long-lived assets of the Company are located in the PRC. Geographic information about the sales and accounts receivable based on the location of the Company’s customers is set out as follows:
 
 
 
For the years ended December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Net sales
 
 
 
 
 
 
 
China mainland
 
 
101,459,371
 
 
68,201,408
 
Asia, others
 
 
43,764,963
 
 
43,547,384
 
Europe
 
 
17,958,060
 
 
26,101,398
 
North America
 
 
9,371,838
 
 
7,450,898
 
South America
 
 
759,472
 
 
499,669
 
Africa
 
 
284,692
 
 
190,489
 
Others
 
 
252,717
 
 
189,765
 
 
 
 
173,851,113
 
 
146,181,011
 
 
 
 
December 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Accounts receivable
 
 
 
 
 
 
 
China mainland
 
 
29,663,633
 
 
23,832,388
 
Asia, others
 
 
10,441,358
 
 
6,443,781
 
Europe
 
 
3,875,979
 
 
5,324,389
 
North America
 
 
2,260,840
 
 
433,458
 
South America
 
 
26,610
 
 
-
 
Africa
 
 
378
 
 
55,240
 
Others
 
 
11,971
 
 
50,610
 
 
 
 
46,280,769
 
 
36,139,866