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border-bottom-width: 2.5pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">11,972,328</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">11,704,050</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> </tr> </table> <p style="font: 10pt/normal times new roman, times, serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;">Summarized financial information of Changle Shengshi is as follows for the three months ended September 30, 2012 and 2011:</p> <p style="font: 10pt/normal times new roman, times, serif; margin: 0pt 0px; font-size-adjust: none; font-stretch: normal;"></p> <p style="font: 10pt/normal times new roman, times, serif; margin: 0pt 0px; font-size-adjust: none; font-stretch: normal;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 88%; margin-left: 0.5in; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: right;" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="6" nowrap="nowrap">Three Months Ended<br />September 30,</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: right;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;" colspan="2" nowrap="nowrap">2012</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;" colspan="2" nowrap="nowrap">2011</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom; background-color: #ccffcc;"> <td style="width: 64%; text-align: left;">Net sales</td> <td style="width: 1%;"></td> <td style="width: 1%; text-align: left;">$</td> <td style="width: 15%; text-align: right;">25,872,540</td> <td style="width: 1%; text-align: left;"></td> <td style="width: 1%;"></td> <td style="width: 1%; text-align: left;">$</td> <td style="width: 15%; text-align: right;">24,428,105</td> <td style="width: 1%; text-align: left;"></td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left;">Gross profit</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">5,431,575</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">3,031,766</td> <td style="text-align: left;"></td> </tr> <tr style="vertical-align: bottom; background-color: #ccffcc;"> <td style="text-align: left;">Income before taxes</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">1,939,237</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">2,041,377</td> <td style="text-align: left;"></td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left;">Net Income</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">1,454,428</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">1,531,033</td> <td style="text-align: left;"></td> </tr> <tr style="vertical-align: bottom; background-color: #ccffcc;"> <td>Company's share of net income</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">290,886</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">306,207</td> <td style="text-align: left;"></td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; padding-bottom: 1pt;">Elimination of intercompany profit</td> <td style="padding-bottom: 1pt;"></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">51,877</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;">32,293</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="vertical-align: bottom; background-color: #ccffcc;"> <td style="text-align: left; padding-bottom: 2.5pt;">Company's share of net income as reported in statements of income</td> <td style="padding-bottom: 2.5pt;"></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">239,009</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double;">273,914</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> </tr> </table> 0.10 0.10 29269 0001295079sgti:WeifangShengtaiMember2003-09-13 0.20 0001295079us-gaap:MinimumMembersgti:BankOfChinaDueVariousDatesFromSeptember2012ToMay2013Member2012-07-012012-09-30 0001295079us-gaap:MaximumMembersgti:BankOfChinaDueVariousDatesFromSeptember2012ToMay2013Member2012-07-012012-09-30 0.0610 0.07544 0001295079us-gaap:SubsequentEventMembersgti:BankOfChinaDueVariousDatesFromSeptember2012ToMay2013Member2012-10-012012-10-31 4741958 0001295079us-gaap:SubsequentEventMembersgti:ChinaConstructionBankDueFromOctober2012ToJuly2013Member2012-10-012012-10-31 3951632 783614 1433176 iso4217:CNY 00012950792012-11-13 2157591 0001295079sgti:WeifangShengtaiAndChanglePaperMember2011-07-012012-06-30 1260000 8000000 0001295079sgti:WeifangShengtaiMember2012-06-30 0.20 0001295079sgti:ChangleSunshinePaperMember2012-06-30 0.80 0.20