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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
NET REVENUE        
Net revenue $ 31,106,964 $ 32,935,277 $ 88,451,954 $ 88,291,753
OPERATING INCOME (EXPENSES)        
Cost of net revenue (21,901,056) (22,006,256) (63,202,383) (63,251,929)
Sales, marketing and other operating expenses (29,064) (25,378) (78,793) (70,796)
Research and development cost (30,985) (33,198) (94,323) (105,380)
Write-off/Impairment on property, plant and equipment (673,705) (214) (673,705) (214)
Loss from disposal of property, plant and equipment 0 0 (9,866) 0
General and administrative expenses (1,894,507) (1,962,496) (4,916,626) (6,354,165)
Gain on relocation of factory 0 1,877,779 0 1,877,779
Other operating income 116,942 107,006 351,547 489,695
Total Costs and Expenses (24,412,375) (22,042,757) (68,624,149) (67,415,010)
INCOME FROM OPERATIONS 6,694,589 10,892,520 19,827,805 20,876,743
OTHER INCOME (EXPENSE)        
Interest expense (48,950) (50,643) (154,090) (157,232)
Interest income 125,625 86,296 351,271 238,568
INCOME BEFORE TAXES 6,771,264 10,928,173 20,024,986 20,958,079
INCOME TAXES (1,732,861) (2,818,444) (5,035,433) (5,609,486)
NET INCOME 5,038,403 8,109,729 14,989,553 15,348,593
COMPREHENSIVE INCOME:        
Net income 5,038,403 8,109,729 14,989,553 15,348,593
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments 24,054 1,524,122 (2,915,066) 6,590,396
COMPREHENSIVE INCOME $ 5,062,457 $ 9,633,851 $ 12,074,487 $ 21,938,989
EARNINGS PER SHARE:        
BASIC $ 0.13 $ 0.21 $ 0.39 $ 0.4
DILUTED $ 0.13 $ 0.21 $ 0.38 $ 0.4
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 38,726,415 38,368,267 38,684,220 38,368,267
DILUTED 39,297,334 38,963,154 39,305,975 38,685,610