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Segment Reporting
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting

(18) Segment Reporting

 

Since March 10, 2010, Orient Paper Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Orient Paper HB, which produces printing paper and corrugating medium paper, and Orient Paper Shengde, which produces digital photo paper. They are managed separately because each business requires different technology and marketing strategies.

 

The Company evaluates performance of its operating segments based on net income. Administrative functions such as finance, treasury, and information systems are centralized. However, where applicable, portions of the administrative function expenses are allocated between the operating segments based on gross revenue generated. The operating segments do share facilities in Xushui County, Baoding City, Hebei, China. All sales were sold to customers located in the PRC.

 

Summarized financial information for the two reportable segments is as follows: 

 

  Years Ended 
  December 31, 2015 
  Orient Paper  Orient Paper  Not Attributable  Elimination  Enterprise-wide, 
  HB  Shengde  to Segments  of Inter-segment  consolidated 
                
Revenues $134,927,208  $375,965  $-  $-  $135,303,173 
Gross Profit (Loss)  28,104,243   (243,638)  -   -   27,860,605 
Depreciation and amortization  10,623,900   2,775,090   -   -   13,398,990 
Interest income  68,752   1,567   -   -   70,319 
Interest expense  3,157,524   -   -   -   3,157,524 
Income tax expense(benefit)  4,334,168   (211,203)  -   -   4,122,965 
Net Income (Loss)  13,108,044   (738,844)  (826,995)  -   11,542,205 
Total Assets  205,117,348   33,500,731   8,840   -   238,626,919 

 

  Years Ended 
  December 31, 2014 
  Orient Paper  Orient Paper  Not Attributable  Elimination  Enterprise-wide, 
  HB  Shengde  to Segments  of Inter-segment  consolidated 
                
Revenues $133,967,031  $4,829,046  $-  $(1,754,630) $137,041,447 
Gross Profit  20,401,820   2,376,328   -   -   22,778,148 
Depreciation and amortization  5,467,593   2,821,727   -   -   8,289,320 
Interest income  145,590   4,193   -   -   149,783 
Interest expense  1,446,439   -   -   -   1,446,439 
Income tax expense  4,337,424   95,080   -   -   4,432,504 
Net Income (Loss)  11,299,155   1,900,145   (1,492,940)  -   11,706,360 
Total Assets  201,518,707   38,160,199   88,679   -   239,767,585 

 

  Year Ended 
  December 31, 2013 
  Orient Paper  Orient Paper  Not Attributable  Elimination  Enterprise-wide, 
  HB  Shengde  to Segments  of Inter-segment  consolidated 
                
Revenues $120,747,633  $4,969,997  $-  $-  $125,717,630 
Gross Profit  22,318,739   1,006,860   -   -   23,325,599 
Depreciation and amortization  6,828,970   965,773   -   -   7,794,743 
Interest income  86,168   4,009   83   -   90,260 
Interest expense  995,694       -   -   995,694 
Income tax expense  4,845,970   248,565   -   -   5,094,535 
Net Income (Loss)  14,604,244   638,031   (2,227,627)  -   13,014,648