CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 29, 2012	Nov. 30, 2011
Current assets:
Cash and cash equivalents	$ 39,337,871	$ 31,007,269
Accounts receivables, net of allowance for doubtful accounts of $11,399 and $11,251, respectively	17,565,411	17,364,962
Other receivables	14,750,155	24,562,536
Inventories	14,060,124	10,096,645
Prepaid expenses	230,745	323,072
Advances to suppliers	47,737,171	27,566,516
Total current assets	133,681,477	110,921,000
Fixed assets, net	64,318,280	62,937,747
Other assets:
Investment property, net of accumulated depreciation of $525,905 and $475,649, respectively	5,758,019	5,730,169
Mining right, net of amortization of $1,748,030 and $1,635,072, respectively	3,040,943	3,091,565
Restricted cash	582,684	573,542
Other long term assets	3,818,898	3,889,144
Total other assets	13,200,544	13,284,420
TOTAL ASSETS	211,200,301	187,143,167
Current liabilities:
Short term bank loans	30,158,100	29,138,242
Accounts payable	25,512,314	21,716,148
Advances from customers	23,205,729	10,321,920
Accrued liabilities	579,075	629,016
Other payables	15,483,790	13,111,017
Stockholders loans	9,676,101	9,452,712
Current portion of finance obligation	1,747,084	1,695,944
Current portion of deferred income	1,377,484	1,333,695
Total current liabilities	107,739,677	87,398,694
Non-current liabilities
Finance obligation, net of current portion	6,550,337	6,906,957
Deferred income, net of current portion	8,814,964	8,804,664
Total non-current liabilities	15,365,301	15,711,621
Total liabilities	123,104,978	103,110,315
Commitments and contingencies
Stockholders' equity:
Preferred stock: no par value; 5,000,000 shares authorized; none issued and outstanding
Common stock: $0.001 par value; 195,000,000 shares authorized; 45,060,000 shares issued and outstanding	45,060	45,060
Additional paid-in capital	10,623,768	10,620,368
Retained earnings	59,681,943	56,818,378
Statutory reserves	9,107,174	9,032,855
Accumulated other comprehensive income	8,637,378	7,516,191
Total stockholders' equity	88,095,323	84,032,852
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 211,200,301	$ 187,143,167

China Energy CORP 10-Q/A