XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
NET REVENUE        
Net revenue $ 31,314,846 $ 51,300,812 $ 55,123,520 $ 96,679,344
OPERATING INCOME (EXPENSES)        
Cost of net revenue (21,389,651) (24,994,703) (38,505,533) (45,586,087)
Sales, marketing and other operating expenses (22,709) (23,733) (40,473) (47,745)
Research and development cost (62,526) (133,519) (105,324) (313,856)
Exploration cost   (3,867,286)   (3,867,286)
Write-off/Impairment on property, plant and equipment (911,995) (7,570,566) (911,995) (7,570,566)
General and administrative expenses (1,370,866) (1,714,694) (3,483,071) (6,055,985)
Other operating income 76,104 392,298 133,178 415,083
Costs and Expenses (23,681,643) (37,912,203) (42,913,218) (63,026,442)
Income from operations 7,633,203 13,388,609 12,210,302 33,652,902
OTHER INCOME (EXPENSE)        
Interest expense (54,255) (65,740) (108,667) (107,956)
Interest income 84,915 52,731 183,805 128,775
Income before taxes 7,663,863 13,375,600 12,285,440 33,673,721
INCOME TAXES (1,975,189) (3,352,345) (3,309,659) (9,285,467)
NET INCOME 5,688,674 10,023,255 8,975,781 24,388,254
COMPREHENSIVE INCOME:        
Net income 5,688,674 10,023,255 8,975,781 24,388,254
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustments (1,316,002) 2,816,166 (1,038,104) 4,837,801
COMPREHENSIVE INCOME $ 4,372,672 $ 12,839,421 $ 7,937,677 $ 29,226,055
EARNINGS PER SHARE:        
Basic $ 0.16 $ 0.29 $ 0.26 $ 0.70
DILUTED $ 0.16 $ 0.29 $ 0.26 $ 0.69
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 34,560,743 34,729,179 34,560,743 34,732,527
DILUTED 34,560,743 34,733,188 34,561,394 35,128,273