v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net income $ 27,241,411 $ 20,034,811
Depreciation and amortization 2,386,938 2,210,253
Amortization of deferred consulting expenses 58,188 58,188
Amortization of stock-based compensation expense 832,324 756,573
Equity loss (gain) of unconsolidated entity 12,887 (1,876)
Provision for doubtful accounts and inventory valuation allowance   636,260
Gain on disposal of fixed asset   (146)
Change in fair value of warrants (11,209,384) (5,397,280)
Change in accounts receivable, net 354,235 62,213
Change in Inventories, net (828,187) (2,518,300)
Change in other receivables and other assets (157,958) 3,291,081
Change in advance to suppliers (3,316,058)  
Change in accounts payable (417,748) 1,150,261
Change in accrued expenses, other payables and advances from customers 827,939 (734,579)
Change in income tax payable (2,922,645) 159,777
Net Cash Provided By Operating Activities 12,861,942 19,707,236
Cash Flows From Investing Activities:    
Deposit for property, plant and equipment (7,590,730) (1,419,217)
Purchase of property, plant and equipment (40,436,963) (6,102,708)
Proceeds from disposal of property, plant and equipment   5,127
Cash acquired from business combination 52,831  
Acquisition of subsidiary (3,631,554)  
Acquisition of intangible assets (48,605)  
Net Cash (Used in) Investing Activities (51,655,020) (7,516,798)
Cash Flows From Financing Activities:    
Repayment of bank loan   (2,929,930)
Net cash provided by (used in) financing activities   (2,929,930)
Effect of Exchange Rate Changes on Cash 1,709,702 232,424
Increase in cash (37,083,376) 9,492,932
Cash - Beginning of period 111,128,070 52,923,358
Cash - End of period 74,044,694 62,416,290
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest expense   47,324
Income taxes $ 7,442,745 $ 2,409,719