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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 36,225,831 $ 34,068,037
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest on capital lease obligation 174,167 193,162
Amortization of prepaid land leases 774,250 774,512
Depreciation and amortization 24,880,246 29,095,648
Allowance for obsolete and slow-moving inventories (12,691) 9,236
Write-off / Impairment loss on property, plant and equipment 106,545 969,638
Loss on demolition of factory 1,053,445 0
Unrealized translation difference (1,702,728) (1,575,397)
Deferred tax asset 3,013 (83,856)
Stock-based compensation expense -options 40,300 374,600
Treasury stock issued for services 15,000 0
Changes in assets and liabilities, net of effects of acquisition:    
Accounts receivable (6,167,996) 7,387,941
Other receivables (877) 37,713
Inventories 901,528 (592,841)
Prepayment and deposits (128,384) 92,400
Accounts payable and accrued expenses (503,015) (1,847,462)
Retention payable (365,150) 841,225
Taxes payable (76,886) 656,654
Net cash provided by operating activities 55,216,598 70,401,210
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions of prepaid land leases (673,934) (683,129)
Compensation received from government on property disposition 2,708,417 0
Purchase of property, plant and equipment (16,995,862) (22,858,625)
Consideration paid for business acquisition 0 (66,305,606)
Cash acquired from acquisition 0 14,074,720
Net cash used in investing activities (14,961,379) (75,772,640)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock 0 (37,713)
Repayment of capital lease obligation (287,387) (306,683)
Net cash used in financing activities (287,387) (344,396)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (9,689,650) (7,263,383)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 30,278,182 (12,979,209)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 133,606,392 146,585,601
CASH AND CASH EQUIVALENTS - END OF YEAR 163,884,574 133,606,392
Cash paid during the year for:    
Income taxes 12,140,763 10,747,472
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Par value of common stock issued upon cashless exercise of options 386 49
Fair value of common stock issued for acquisition of business 0 13,373,140
Transfer from construction in progress to property, plant and equipment $ 57,596 $ 0