Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2013

Summarized financial information for reportable segments

	Three Months Ended June 30, 2013
	Orient Paper HB		Orient Paper Shengde		Not Attributable to Segments			Elimination of Inter-segment		Enterprise-wide, Consolidated

Revenues	$	31,835,432	$	1,203,080	$	-		$	-	$	33,038,512
Gross Profit		5,899,821		198,574		-			-		6,098,395
Depreciation and amortization		1,298,734		689,863		-			-		1,988,597
Interest income		35,087		693		16			-		35,796
Interest expense		250,960		-		1,433			-		252,393
Income tax expense		1,290,623		48,483		-			-		1,339,106
Net Income (Loss)		3,881,560		112,382		(337,806	)		-		3,656,136

	Three Months Ended June 30, 2012
	Orient Paper HB		Orient Paper Shengde		Not Attributable to Segments			Elimination of Inter-segment		Enterprise-wide, Consolidated

Revenues	$	33,648,597	$	1,873,075	$	-		$	-	$	35,521,672
Gross Profit		5,304,652		481,012		-			-		5,785,664
Depreciation and amortization		1,854,784		236,663		-			-		2,091,447
Interest income		4,778		1,197		19			-		5,994
Interest expense		220,761		-		-			-		220,761
Income tax expense		1,162,319		111,658		-			-		1,273,977
Net Income (Loss)		3,470,208		332,831		(195,425	)		3,176		3,610,790

	Six Months Ended June 30, 2013
	Orient Paper HB		Orient Paper Shengde		Not Attributable to Segments			Elimination Of Inter-segment		Enterprise-wide, Consolidated
Revenues	$	50,884,662	$	1,900,506	$	-		$	-	$	52,785,168
Gross Profit		7,507,353		221,279		-			-		7,728,632
Depreciation and amortization		2,549,896		1,371,554		-			-		3,921,450
Interest income		53,728		1,035		26			-		54,789
Interest expense		476,853		-		1,865			-		478,718
Income tax expense		1,517,670		54,120		-			-		1,571,790
Net Income (Loss)		4,598,139		100,932		(739,880	)		-		3,959,191
Total Assets		149,699,686		43,278,169		282,313			-		193,260,168

	Six Months Ended June 30, 2012
	Orient Paper HB		Orient Paper Shengde		Not Attributable to Segments			Elimination of Inter-segment			Enterprise-wide, Consolidated

Revenues	$	66,481,457	$	3,449,214	$	-		$	-		$	69,930,671
Gross Profit		12,653,547		885,289		-			-			13,538,836
Depreciation and amortization		3,577,083		473,666		-			-			4,050,749
Interest income		7,464		3,191		55			-			10,710
Interest expense		425,635		-		-			-			425,635
Income tax expense		2,895,130		205,498		-			-			3,100,628
Net Income (Loss)		8,362,337		612,585		(674,522	)		(7,919	)		8,292,481

	Year Ended December 31, 2012
	Orient Paper HB		Orient Paperg Shengde		Not Attributable to Segments			Elimination of Inter-segment			Enterprise-wide, Consolidated

Total Assets	$	119,707,195	$	43,076,428	$	62,701		$			$	162,846,324

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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