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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income/(loss) $ (11,789,973) $ 21,826,798
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Interest on capital lease obligation 86,214 83,128
Amortization of prepaid land leases 294,676 234,307
Depreciation and amortization 9,511,515 10,809,289
Unrealized exchange (gain) loss on inter-company balances (345,086) 603,910
Deferred tax asset (3,076,986) 0
Stock-based compensation expense 0 14,700
Changes in assets and liabilities:    
Accounts receivable 25,720,587 (33,349,844)
Inventories 1,039,959 1,165,420
Prepayments and deposits (61,251) (19,129)
Other receivables (11,289) (580)
Accounts payable and accrued expenses (256,603) 5,582,026
Retention payable (312,429) (739,329)
Taxes payable 592,979 3,292,636
Net cash provided by operating activities 21,392,313 9,503,332
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases (693,198) (818,957)
Purchase of property, plant and equipment (10,333,721) (59,975)
Net cash used in investing activities (11,026,919) (878,932)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of capital lease obligation (294,295) (273,873)
Net cash used in financing activities (294,295) (273,873)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (3,001,994) 4,068,173
NET INCREASE IN CASH AND CASH EQUIVALENTS 7,069,105 12,418,700
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 208,906,759 163,884,574
CASH AND CASH EQUIVALENTS - END OF PERIOD 215,975,864 176,303,274
Cash paid during the period for:    
Income taxes $ 0 $ 4,634,040