date:Nov 19, 2013
et conditions, we assessed the fair value of the land use rights of the farmlands we own in Yuci, Shanxi Province and the construction of the factory facility in our subsidiary Huichun. We realized that the discounted cash flow generated from those assets couldn't recover their net book value and we recorded an impairment loss of $6.6 million in this quarter, added Mr. Chen.
Financial Results for the Third Quarter Ended September 30, 2013
The Company's net revenue for Q3 2013 was $68.3 million