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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
NET REVENUE        
Net revenue $ 38,811,622 $ 42,601,598 $ 120,907,839 $ 126,862,497
OPERATING EXPENSES/INCOME        
Cost of net revenue (23,107,921) (27,000,576) (76,184,822) (84,761,554)
Sales, marketing and other operating expenses (83,087) (91,919) (269,357) (294,095)
Research and development cost (68,115) (69,403) (198,330) (181,108)
Exploration cost 0 0 0 (325,840)
Write-off/Impairment on property, plant and equipment (90,395) (819,701) (90,395) (819,701)
General and administrative expenses (1,613,933) (831,955) (4,539,845) (5,247,318)
Other operating income 108,029 115,114 328,550 342,317
Total Costs and Expenses (24,855,422) (28,698,440) (80,954,199) (91,287,299)
INCOME FROM OPERATIONS 13,956,200 13,903,158 39,953,640 35,575,198
OTHER INCOME (EXPENSE)        
Interest expense (42,012) (46,675) (134,150) (148,541)
Interest income 120,054 113,311 356,828 348,454
INCOME BEFORE TAXES 14,034,242 13,969,794 40,176,318 35,775,111
INCOME TAXES (3,518,529) (3,290,372) (9,996,622) (9,005,158)
NET INCOME 10,515,713 10,679,422 30,179,696 26,769,953
COMPREHENSIVE INCOME:        
Net income 10,515,713 10,679,422 30,179,696 26,769,953
OTHER COMPREHENSIVE INCOME/(LOSS)        
Foreign currency translation adjustments (2,637,763) (14,565,025) (10,505,475) (14,199,993)
COMPREHENSIVE INCOME $ 7,877,950 $ (3,885,603) $ 19,674,221 $ 12,569,960
EARNINGS PER SHARE:        
BASIC $ 0.23 $ 0.23 $ 0.65 $ 0.6
DILUTED $ 0.23 $ 0.23 $ 0.65 $ 0.58
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,301,217 46,007,120 46,106,194 44,884,268
DILUTED 46,309,250 46,905,362 46,560,937 45,854,130