v2.4.0.6
CONSOLIDATED BALANCE SHEETS(USD ($))
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash & equivalents $ 9,401,816 $ 13,961,434
Restricted cash   127,235
Accounts receivable 37,989,248 20,553,235
Advances to suppliers 5,896,487 2,920,746
Other receivables and prepaid expenses 1,566,339 1,240,726
VAT receivable 3,767,154 8,562,076
Deposits 71,628 1,153,019
Inventories 59,655,682 61,017,231
Total current assets 118,348,354 109,535,702
NON-CURRENT ASSETS    
Certificate of deposit 474,316  
Advance for equipment purchase 378,784 844,964
Deposit for land use right 844,429 847,646
Property and equipment, net 34,312,572 36,137,609
Construction in progress 21,088,038 21,141,715
Intangible assets, net 35,402,003 35,895,528
Total noncurrent assets 92,500,142 94,867,462
TOTAL ASSETS 210,848,496 204,403,164
CURRENT LIABILITIES    
Accounts payable 2,976,726 7,977,167
Advance from customers 2,183,745 1,056,442
Income tax payable 5,243,759 4,864,267
Other payables and accrued expenses 2,256,685 2,753,617
Dividend payable   1,679,628
Notes payable 0 692,821
Total current liabilities 12,660,915 19,023,942
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 75,000,000 shares authorized; 33,592,562 shares issued and outstanding 33,593 33,593
Paid-in capital 91,187,588 91,187,584
Statutory reserve 10,624,783 9,157,606
Development fund 5,312,391 4,578,803
Accumulated other comprehensive income 14,026,151 14,769,957
Retained earnings 77,003,075 65,651,679
Total stockholders' equity 198,187,581 185,379,222
TOTAL LIABILITIES AND EQUITY $ 210,848,496 $ 204,403,164