CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2013	Jun. 30, 2012
ASSETS
Cash and cash equivalents	$ 18,531,950	$ 9,530,531
Restricted cash	98,166,557	111,582,149
Short-term investments	0	4,849,112
Trade accounts receivable, net of allowance for doubtful accounts of $598,197 and $1,306,099 as of March 31, 2013 and June 30, 2012, respectively	4,133,807	7,023,880
Notes receivable	210,446	475,112
Other receivables and prepayments, net of allowance for doubtful accounts of $331,090 and $351,372 as of March 31, 2013 and June 30, 2012, respectively	2,635,181	4,275,817
Advances to suppliers, unrelated parties, net of allowance for doubtful accounts of $393,740 and $366,697 as of March 31, 2013 and June 30, 2012, respectively	17,460,469	27,446,626
Advances to suppliers, related parties, net of right to offset (Note 10)	166,450,458	121,884,833
Inventories, net	64,948,147	50,432,279
Deferred tax assets	757,931	709,688
Total Current Assets	373,294,946	338,210,027
Non-current Assets:
Advances for purchase of long term assets	15,571,485	15,001,088
Property, plant and equipment, net	73,047,748	77,231,273
Intangible assets, net	6,560,403	3,082,877
Equity method investments	6,442,406	0
Total Non-current Assets	101,622,042	95,315,238
TOTAL ASSETS	474,916,988	433,525,265
LIABILITIES AND STOCKHOLDERS' EQUITY
Short-term loans	130,835,913	111,166,838
Long-term loans, current portion	14,066,114	27,762,975
Accounts payable, unrelated parties	67,633,671	57,079,617
Accounts payable, related parties	13,486,508	0
Other payables and accrued expenses	7,725,033	8,820,064
Advances from customers	14,229,545	7,924,812
Warrant liabilities	179,357	47,404
Total Current Liabilities	248,156,141	212,801,710
Long-Term Loans	2,319,979	8,490,772
Total Liabilities	250,476,120	221,292,482
Commitments and contingencies (Note 15)
Stockholders' Equity
Undesignated preferred stock - $0.001 par value; 1,000,000 shares authorized; nil shares outstanding		0
Common stock - $0.001 par value; authorized: 500,000,000 shares as of March 31, 2013 and June 30, 2012;issued: 40,865,602 and 40,805,602 shares as of March 31, 2013 and June 30, 2012.	40,865	40,805
Additional paid-in capital	41,455,713	41,344,306
Statutory reserves	18,100,361	18,100,361
Retained earnings	128,220,435	117,732,738
Accumulated other comprehensive income	37,275,003	35,622,241
Less: Treasury stock, at cost, 590,838 and 544,477 shares as of March 31, 2013 and June 30, 2012, respectively	(651,509)	(607,668)
Total Stockholders' Equity	224,440,868	212,232,783
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 474,916,988	$ 433,525,265