CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash	$ 23,317,032	$ 2,544,114
Restricted cash	4,335,470	0
Accounts receivable	280,561	692,762
Inventories	169,380,149	150,041,421
Other current assets and prepaid expenses	431,603	133,539
Value added tax recoverable	8,221,018	7,031,374
Deferred income tax assets	477,100	0
Total Current Assets	206,442,933	160,443,210
PROPERTY AND EQUIPMENT, NET	11,022,487	11,683,987
OTHER ASSETS
Other assets	157,131	153,029
Intangible assets, net	510,653	503,313
Total other assets	667,784	656,342
TOTAL ASSETS	218,133,204	172,783,539
CURRENT LIABILITIES
Short term loans	6,510,523	6,340,551
Other payables and accrued expenses	1,021,321	1,445,513
Related party loan	1,727,265	209,890
Income tax payable	3,422,526	2,587,680
Other taxes payable	621,669	659,989
Total Current Liabilities	13,303,304	11,243,623
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock, $0.001 par value, 500,000 shares authorized, none issued or outstanding as of September 30, 2013 and December 31, 2012	0	0
Common stock $0.001 par value, 100,000,000 shares authorized, 64,431,140 and 54,521,140 shares issued and outstanding as of September 30, 2013 and December 31, 2012	64,431	54,521
Additional paid-in capital	75,802,554	57,656,674
Retained earnings
Unappropriated	112,960,040	92,606,449
Appropriated	967,543	967,543
Accumulated other comprehensive income	15,035,332	10,254,729
Total Equity	204,829,900	161,539,916
TOTAL LIABILITIES AND EQUITY	$ 218,133,204	$ 172,783,539