Harbin Electric, Inc. (HRBN) Balance Sheet

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Cash and cash equivalents	87.58M
Restricted cash	17.57M
Notes receivable	9.86M
Accounts receivable, net	100.16M
Inventories, net	61.8M
Other assets, current	3.92M
Advances on inventory purchases	20.99M
Total current assets	301.86M
PLANT AND EQUIPMENT, net	201.88M
OTHER ASSETS:
Debt issuance costs, net	413.47K
Goodwill	56.01M
Other intangible assets, net	22.66M
Other assets, non-current	3.74M
Total other assets	146.64M
Total assets	650.38M
Notes payable - short term	36.9M
Accounts payable	23.88M
Short term loans	36.94M
Customer deposits	12.45M
Accrued liabilities and other payables	16.47M
Taxes payable	10.72M
Amounts due to original shareholders	773.5K
Total current liabilities	138.13M
Long term loans	50.47M
Warrant liability	1.39M
Total liabilities	189.99M
COMMITMENTS AND CONTINGENCIES	0
Common Stock, $0.00001 par value, 100,000,000 shares authorized, 31,250,820 shares issued and outstanding as of June 30, 2011 and December 31, 2010	312
Paid-in-capital	218.43M
Retained earnings	160.38M
Statutory reserves	36.87M
Accumulated other comprehensive income	41.83M
Total shareholders' equity	457.52M
NONCONTROLLING INTERESTS	2.87M
Total liabilities and shareholders' equity	650.38M
OTHER ASSETS:
Advances	36.62M
OTHER ASSETS:
Advances	27.2M

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