v2.4.0.6

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009
Revenue | $ 226,748,885 | $ 175,846,887 | $ 81,342,680
Cost of revenue | 157,538,033 | 125,274,479 | 61,176,610
Gross profit | 69,210,852 | 50,572,408 | 20,166,070
Operating expenses |  |  |
Selling | 16,281,137 | 9,161,068 | 3,555,547
General and administrative | 4,701,235 | 4,563,188 | 2,380,861
Total operating expenses | 20,982,372 | 13,724,256 | 5,936,408
Income from operations | 48,228,480 | 36,848,152 | 14,229,662
Non-operating income (expenses) |  |  |
Interest income | 243,876 | 484,527 | 94,986
Interest expense |  |  | (122,299)
Financial expense | (103,017) | (148,772) | (223,607)
Exchange gain (loss) | (518,843) | (1,253,707) | 138,284
Other income, net | 20,825 | 69,030 | 38,084
Subsidy income | 1,080,448 | 54,134 | 326,334
Other expenses | (32,704) | (55,901) |
Total non-operating income (expenses), net | 690,585 | (850,689) | 251,782
Income before income tax | 48,919,065 | 35,997,463 | 14,481,444
Income tax expense | 9,113,436 | 5,648,426 | 2,112,382
Net income | 39,805,629 | 30,349,037 | 12,369,062
Other comprehensive item |  |  |
Foreign currency translation | 8,454,482 | 3,980,259 | (10,482)
Comprehensive Income | $ 48,260,111 | $ 34,329,296 | $ 12,358,580
Basic weighted average shares outstanding (in Shares) | 33,592,562 | 33,210,969 | 22,782,200
Diluted weighted average shares outstanding (in Shares) | 33,592,562 | 33,651,767 | 23,190,286
Basic earnings per share (in Dollars per share) | $ 1.18 | $ 0.91 | $ 0.54
Diluted earnings per share (in Dollars per share) | $ 1.18 | $ 0.90 | $ 0.53

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- Definition The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 30 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A5 -Appendix A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 8, 9, 10, 11, 12, 13, 14 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6508144 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=6518256 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6519514 + Details
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