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RESTRICTED NET ASSETS (Tables)

12 Months Ended

Jun. 30, 2013

Restricted Net Assets [Abstract]

Schedule Of Parent Companies Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets		As of June 30,
		2013			2012
ASSETS
Current Assets:
Cash and cash equivalents		$	62,299		$	277,538
Other current assets			1,908			1,908
Total Current Assets			64,207			279,446

Long-term equity investment			299,923,857			243,711,250
Total long term assets			299,923,857			243,711,250
Total Assets		$	299,988,064		$	243,990,696

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable		$	394,520		$	64,520
Amount due to related parties			138,343			38,343
Other payables and accrued expenses			2,601,909			1,631,179
Total Current Liabilities			3,134,772			1,734,042

Stockholders' Equities
Common stock, $.001 par value, 115,197,165 shares authorized, 29,943,236 and 27,455,722, shares issued and outstanding as of June 30, 2013 and 2012, respectively			29,943			27,456
Additional paid in capital			105,962,909			102,175,709
Accumulated other comprehensive income			21,813,410			15,780,507
Retained earnings			169,047,030			124,272,982
Total Stockholders' Equity			296,853,292			242,256,654

Total Liabilities and Stockholders' Equity		$	299,988,064		$	243,990,696

Schedule Of Parent Companies Condensed Income Statement [Table Text Block]

Condensed Statements of Operations		Year ended June 30,
		2013			2012			2011
Revenue		$	-		$	-		$	-
General and administrative expenses			3,941,195			5,707,065			6,835,360
Interest income (expense)			142			347			4,178
Equity investment in subsidiaries			48,715,101			47,664,543			39,745,283
Net income		$	44,774,048		$	41,957,825		$	32,914,101

Schedule Of Parent Companies Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows		Year ended June 30,
		2013			2012			2011
Net cash provided by (used in) operating activities		$	(215,239)		$	(1,286,612)		$	(2,341,980)
Net cash provided by (used in) investing activities			0			0			(6,720,539)
Net cash provided by financing activities			0			600,001			6,717,632
Cash and cash equivalents, beginning balance			277,538			964,149			3,309,036
Cash and cash equivalents, ending balance		$	62,299		$	277,538		$	964,149