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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 81,166,739 $ 74,388,180
Cost of revenue 52,178,680 44,105,447
Gross profit 28,988,059 30,282,733
Selling expenses 3,439,522 2,542,826
General and administrative expenses 3,716,397 3,039,450
Bad debt expense 108,085 505,224
Total operating expenses 7,264,004 6,087,500
Government subsidy income 301,672 469,509
Income from operations 22,025,727 24,664,742
Interest income 7,208 15,413
Interest expense (255,198) (168,258)
Derivative gain 934,260 1,588,888
Net other income 686,270 1,436,043
Income before income taxes 22,711,997 26,100,785
Income tax expense (3,442,355) (2,686,438)
Net income 19,269,642 23,414,347
Other comprehensive income - foreign currency translation adjustment 5,080,098 3,721,462
Comprehensive income $ 24,349,740 $ 27,135,809
Basic $ 0.44 $ 0.54
Diluted $ 0.44 $ 0.54