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