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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
NET REVENUE    
Net revenue $ 107,522,441 $ 149,275,002
OPERATING INCOME (EXPENSE)    
Cost of net revenue (63,157,090) (94,785,671)
Sales, marketing and other operating expenses (278,600) (343,105)
Research and development cost (195,195) (261,931)
Write-off / Impairment on property, plant and equipment (17,581,244) (106,545)
Loss on demolition of factory 0 (1,053,445)
Direct labor and factory overheads incurred during plant shutdown (6,883,557) 0
General and administrative expenses (8,536,757) (5,434,755)
Other operating income 281,613 433,792
Total Costs and Expenses (96,350,830) (101,551,660)
INCOME FROM OPERATIONS 11,171,611 47,723,342
OTHER INCOME (EXPENSE)    
Interest expense (164,321) (174,921)
Interest income 556,163 487,617
Other income/expense 391,842 312,696
INCOME BEFORE TAXES 11,563,453 48,036,038
INCOME TAXES (3,610,140) (11,810,207)
NET INCOME 7,953,313 36,225,831
COMPREHENSIVE INCOME:    
NET INCOME 7,953,313 36,225,831
OTHER COMPREHENSIVE INCOME    
- Foreign currency translation adjustments 24,157,485 (24,930,808)
COMPREHENSIVE INCOME $ 32,110,798 $ 11,295,023
EARNINGS PER SHARE    
BASIC $ 0.17 $ 0.78
DILUTED $ 0.17 $ 0.78
WEIGHTED AVERAGE NUMBER OF SHARES    
BASIC 46,796,476 46,279,033
DILUTED 46,835,830 46,625,663