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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
NET REVENUE        
Net revenue $ 23,840,391 $ 38,811,622 $ 104,160,873 $ 120,907,839
OPERATING INCOME (EXPENSE)        
Cost of net revenue (14,518,439) (23,107,921) (61,664,044) (76,184,822)
Sales, marketing and other operating expenses (65,599) (83,087) (242,045) (269,357)
Research and development cost (42,074) (68,115) (169,246) (198,330)
Write-off/Impairment on property, plant and equipment 0 (90,395) 0 (90,395)
General and administrative expenses (4,451,027) (1,613,933) (8,236,430) (4,539,845)
Other operating income 72,000 108,029 281,613 328,550
Total Costs and Expenses (19,005,139) (24,855,422) (70,030,152) (80,954,199)
INCOME FROM OPERATIONS 4,835,252 13,956,200 34,130,721 39,953,640
OTHER INCOME (EXPENSE)        
Interest expense (40,092) (42,012) (124,068) (134,150)
Interest income 139,801 120,054 398,382 356,828
INCOME BEFORE TAXES 4,934,961 14,034,242 34,405,035 40,176,318
INCOME TAXES (1,509,321) (3,518,529) (9,152,597) (9,996,622)
NET INCOME 3,425,640 10,515,713 25,252,438 30,179,696
COMPREHENSIVE INCOME:        
NET INCOME 3,425,640 10,515,713 25,252,438 30,179,696
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments 8,450,433 (2,637,763) 17,748,942 (10,505,475)
COMPREHENSIVE INCOME $ 11,876,073 $ 7,877,950 $ 43,001,380 $ 19,674,221
EARNINGS PER SHARE:        
BASIC $ 0.07 $ 0.23 $ 0.54 $ 0.65
DILUTED $ 0.07 $ 0.23 $ 0.54 $ 0.65
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,794,443 46,301,217 46,794,011 46,106,194
DILUTED 46,897,995 46,309,250 46,833,030 46,560,937