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RESTRICTED NET ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2012
Restricted Net Assets [Abstract] |
Schedule Of Parent Companies Condensed Balance Sheet Table [Text Block] |
Condensed Balance Sheets |  | As of June 30, |
|  | 2012 |  |  | 2011 |
ASSETS |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 277,538 |  |  | $ | 964,149 |
Other current assets |  |  | 1,908 |  |  |  | 8,575 |
Total Current Assets |  |  | 279,446 |  |  |  | 972,724 |
Long-term equity investment |  |  | 243,711,250 |  |  |  | 192,634,559 |
Total long term assets |  |  | 243,711,250 |  |  |  | 192,634,559 |
Total Assets |  | $ | 243,990,696 |  |  | $ | 193,607,283 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 64,520 |  |  | $ | 64,520 |
Amount due to related parties |  |  | 38,343 |  |  |  | 38,343 |
Other payables and accrued expenses |  |  | 1,631,179 |  |  |  | 1,631,179 |
Total Current Liabilities |  |  | 1,734,042 |  |  |  | 1,734,042 |
Stockholders' Equity |  |  |  |  |  |  |  |
Common stock, $.001 par value, 115,197,165 shares authorized, 27,455,722 and 26,845,860, shares issued and outstanding as of June 30, 2012 and 2011, respectively |  |  | 27,456 |  |  |  | 26,846 |
Additional paid in capital |  |  | 102,175,709 |  |  |  | 98,627,482 |
Accumulated other comprehensive income |  |  | 15,780,507 |  |  |  | 10,903,756 |
Retained earnings |  |  | 124,272,982 |  |  |  | 82,315,157 |
Total Stockholders' Equity |  |  | 242,256,654 |  |  |  | 191,873,241 |
Total Liabilities and Stockholders' Equity |  | $ | 243,990,696 |  |  | $ | 193,607,283 |
Schedule Of Parent Companies Condensed Income Statement Table [Text Block] |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Revenue |  | $ | - |  |  | $ | - |  |  | $ | - |
General and administrative expenses |  |  | 5,707,065 |  |  |  | 6,835,360 |  |  |  | 2,646,338 |
Interest income |  |  | 347 |  |  |  | 4,178 |  |  |  | 21,342 |
Equity investment in subsidiaries |  |  | 47,664,543 |  |  |  | 39,745,283 |  |  |  | 23,914,754 |
Net income |  | $ | 41,957,825 |  |  | $ | 32,914,101 |  |  | $ | 21,289,758 |
Schedule Of Parent Companies Condensed Cash Flow Statement Table [Text Block] |
Condensed Statements of Cash Flows |  | Year ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Net cash provided by (used in) operating activities |  | $ | (1,286,612 | ) |  | $ | (2,341,980 | ) |  | $ | (1,156,400 | )
Net cash provided by (used in) investing activities |  |  | - |  |  |  | (6,720,539 | ) |  |  | 86,457 |
Net cash provided by financing activities |  |  | 600,001 |  |  |  | 6,717,632 |  |  |  | 4,350,480 |
Cash and cash equivalents, beginning balance |  |  | 964,149 |  |  |  | 3,309,036 |  |  |  | 28,499 |
Cash and cash equivalents, ending balance |  | $ | 277,538 |  |  | $ | 964,149 |  |  | $ | 3,309,036 |

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