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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)
Total
Ordinary shares
Subscription receivable
Additional paid in capital
Retained earnings
Accumulated other comprehensive income
Noncontrolling interest
Comprehensive income
Balance at Dec. 31, 2008 $ 71,052,888 $ 10,000 $ (10,000)   $ 21,477,485 $ 564,147 $ 49,011,256  
Balance (in shares) at Dec. 31, 2008   100,000,000            
Net income 29,936,038       30,835,002   (898,964) 29,936,038
Foreign currency translation adjustments 330,134         53,151 276,983 330,134
Capital contribution from ordinary shareholders 10,000   10,000          
Comprehensive income 30,266,172             30,266,172
Share-based compensation 258,583     258,583        
Deemed dividend on Series A convertible redeemable preferred shares (702,740)       (702,740)      
Capital contribution by noncontrolling interest owner (Note 1) 79,607,043           79,607,043  
Balance at Dec. 31, 2009 180,491,946 10,000   258,583 51,609,747 617,298 127,996,318  
Balance (in shares) at Dec. 31, 2009   100,000,000            
Net income 69,147,733       68,571,257   576,476 69,147,733
Foreign currency translation adjustments 10,028,611         5,659,570 4,369,041 10,028,611
Comprehensive income 79,176,344             79,176,344
Share-based compensation 1,614,756     1,614,756        
Deemed dividend on Series A convertible redeemable preferred shares (3,300,000)       (3,300,000)      
Conversion of series A convertible redeemable preferred shares into ordinary shares (in shares)   29,714,103            
Conversion of series A convertible redeemable preferred shares into ordinary shares 58,902,740 2,971   58,899,769        
Issuance of ordinary shares in the initial public offering (net of commission and issuance cost of $7,867,552) (in shares)   46,000,000            
Issuance of ordinary shares in the initial public offering (net of commission and issuance cost of $7,867,552) 79,537,048 4,600   79,532,448        
Balance at Dec. 31, 2010 396,422,834 17,571   140,305,556 116,881,004 6,276,868 132,941,835  
Balance (in shares) at Dec. 31, 2010   175,714,103            
Net income 34,914,112       33,323,952   1,590,160 34,914,112
Foreign currency translation adjustments 18,483,256         12,167,255 6,316,001 18,483,256
Comprehensive income 53,397,368             53,397,368
Share-based compensation 2,206,025     2,206,025        
Balance at Dec. 31, 2011 $ 452,026,227 $ 17,571   $ 142,511,581 $ 150,204,956 $ 18,444,123 $ 140,847,996  
Balance (in shares) at Dec. 31, 2011   175,714,103