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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
NET REVENUE        
Net revenue $ 42,601,598 $ 31,106,964 $ 126,862,497 $ 88,451,954
OPERATING EXPENSES/INCOME        
Cost of net revenue (27,000,576) (21,901,056) (84,761,554) (63,202,383)
Sales, marketing and other operating expenses (91,919) (29,064) (294,095) (78,793)
Research and development cost (69,403) (30,985) (181,108) (94,323)
Exploration cost 0 0 (325,840) 0
Write-off/Impairment on property, plant and equipment (819,701) (673,705) (819,701) (673,705)
Loss from disposal of property , plant and equipment 0 0 0 (9,866)
General and administrative expenses (831,955) (1,894,507) (5,247,318) (4,916,626)
Other operating income 115,114 116,942 342,317 351,547
Total Costs and Expenses (28,698,440) (24,412,375) (91,287,299) (68,624,149)
INCOME FROM OPERATIONS 13,903,158 6,694,589 35,575,198 19,827,805
OTHER INCOME (EXPENSE)        
Interest expense (46,675) (48,950) (148,541) (154,090)
Interest income 113,311 125,625 348,454 351,271
INCOME BEFORE TAXES 13,969,794 6,771,264 35,775,111 20,024,986
INCOME TAXES (3,290,372) (1,732,861) (9,005,158) (5,035,433)
NET INCOME 10,679,422 5,038,403 26,769,953 14,989,553
COMPREHENSIVE INCOME:        
Net income 10,679,422 5,038,403 26,769,953 14,989,553
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments (14,565,025) 24,054 (14,199,993) (2,915,066)
COMPREHENSIVE INCOME/(LOSS) $ (3,885,603) $ 5,062,457 $ 12,569,960 $ 12,074,487
EARNINGS PER SHARE:        
BASIC $ 0.23 $ 0.13 $ 0.60 $ 0.39
DILUTED $ 0.23 $ 0.13 $ 0.58 $ 0.38
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,007,120 38,726,415 44,884,268 38,684,220
DILUTED 46,905,362 39,297,334 45,854,130 39,305,975