CONDENSED CONSOLIDATED BALANCE SHEETS ¥ in Millions	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)
ASSETS
Cash	$ 13,245,436	$ 4,997,125
Restricted cash	6,567,855	5,534,551
Accounts receivable	198,214	768,167
Inventories	147,264,405	135,042,713
Investments in gold	922,084,336	1,562,943,153
Other current assets and prepaid expenses	808,809	100,592
Value added tax recoverable	254,820,263	353,732,758
Total current assets	1,344,989,318	2,063,119,059
Property and equipment, net	5,903,782	7,299,643
Restricted cash	8,927,100	7,392,721
Investments in gold	1,071,005,836	957,124,267
Other assets	286,155	302,072
Deferred income tax assets	22,054,343	6,677,675
Land use right	399,007	429,915
Total long-term assets	1,108,576,223	979,226,293
TOTAL ASSETS	2,453,565,541	3,042,345,352
CURRENT LIABILITIES
Short term loans	621,518,946	962,101,746
Other payables and accrued expenses	18,845,062	18,913,863
Related party loan	72,798,218	307,389,647
Due to related party	3,592,726	2,630,301
Income tax payable	1,855,002	1,208,742
Other taxes payable	2,818,412	2,615,463
Total current liabilities	721,428,366	1,294,859,762
Related party loans	451,657,343	567,843,066
Long term loans	926,174,267	789,410,137
TOTAL LIABILITIES	2,099,259,976	2,652,112,965
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock, $0.001 par value, 500,000 shares authorized, none issued or outstanding as of September 30, 2018 and December 31, 2017	0	0
Common stock $0.001 par value, 100,000,000 shares authorized, 66,113,502 shares issued and outstanding as of September 30, 2018 and December 31, 2017	66,113	66,113
Additional paid-in capital	80,393,541	80,377,449
Retained earnings
Unappropriated	343,712,836	303,666,611
Appropriated	967,543	967,543
Accumulated other comprehensive income (loss), net of tax	(70,834,468)	5,154,671
Total Equity	354,305,565	390,232,387
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,453,565,541	$ 3,042,345,352