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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income/(loss) $ (31,283,007) $ 25,252,438
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Interest on capital lease obligation 123,352 123,795
Amortization of prepaid land leases 546,767 717,969
Depreciation and amortization 14,177,727 16,042,003
Write-off/Impairment on property, plant and equipment 1,397,313 0
Loss on demolition of factory 18,644,473 0
Unrealized translation difference (1,374,315) 1,140,363
Stock-based compensation expense-options 0 357,700
Shares issued from treasury stock for services 0 17,800
Deferred tax asset (10,258,506) 0
Changes in assets and liabilities:    
Accounts receivable 29,847,286 (16,557,825)
Inventories 1,148,833 3,668,582
Prepayments and deposits 4,944 (9,126)
Other receivables (11,289) (580)
Accounts payable and accrued expenses (211,728) (4,866,247)
Retention payable (312,429) (739,329)
Taxes payable 541,241 (1,670,121)
Net cash provided by operating activities 22,980,662 23,477,422
CASH FLOWS USED IN INVESTING ACTIVITIES    
Payment of land leases (684,627) (859,219)
Purchase of property, plant and equipment (11,412,848) (623,735)
Net cash used in investing activities (12,097,475) (1,482,954)
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 (11,249,711) 7,780,517
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (660,819) 29,501,112
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 208,906,759 163,884,574
CASH AND CASH EQUIVALENTS - END OF PERIOD 208,245,940 193,385,686
Cash paid during the period for:    
Income taxes $ 0 $ 9,590,640