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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
NET REVENUE        
Net revenue $ 4,594 $ 47,531,989 $ 2,251,861 $ 80,320,482
OPERATING INCOME (EXPENSE)        
Cost of net revenue (7) (26,931,742) (1,241,816) (47,145,605)
Sales, marketing and other operating expenses (21,025) (100,613) (55,999) (176,446)
Research and development cost 0 (65,274) 0 (127,172)
Direct labor and factory overheads incurred during plant shutdown (5,689,486) 0 (11,385,005) 0
General and administrative expenses (1,125,683) (2,056,943) (4,697,628) (3,785,403)
Other operating income 0 105,055 0 209,613
Total Costs and Expenses (6,836,201) (29,049,517) (17,380,448) (51,025,013)
INCOME/(LOSS) FROM OPERATIONS (6,831,607) 18,482,472 (15,128,587) 29,295,469
OTHER INCOME (EXPENSE)        
Interest expense (43,185) (42,065) (86,529) (83,976)
Interest income 178,678 132,721 348,156 258,581
INCOME/(LOSS) BEFORE TAXES (6,696,114) 18,573,128 (14,866,960) 29,470,074
INCOME TAX (EXPENSE) BENEFIT 1,883,241 (4,821,450) 3,076,987 (7,643,276)
NET INCOME/(LOSS) (4,812,873) 13,751,678 (11,789,973) 21,826,798
COMPREHENSIVE INCOME:        
NET INCOME/(LOSS) (4,812,873) 13,751,678 (11,789,973) 21,826,798
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments (20,586,976) 7,261,237 (4,638,065) 9,298,509
COMPREHENSIVE INCOME $ (25,399,849) $ 21,012,915 $ (16,428,038) $ 31,125,307
EARNINGS (LOSS) PER SHARE:        
BASIC $ (0.10) $ 0.29 $ (0.25) $ 0.47
DILUTED $ (0.10) $ 0.29 $ (0.25) $ 0.47
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 46,803,791 46,793,791 46,803,791 46,793,791
DILUTED 46,803,791 46,796,848 46,815,089 46,800,545