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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 40,787,500 $ 33,857,193
Restricted cash 4,287,275 1,842,989
Trade accounts receivable 45,149,391 54,071,475
Other receivables 9,908,815 5,698,020
Related party receivable 8,679,152 0
Inventory 77,465,006 41,950,253
Advance to suppliers 36,077,781 42,400,517
Prepaid expenses and taxes 7,895,576 2,168,573
Deferred tax asset 179,417 180,679
Security deposits and other assets 0 3,242,259
Total current assets 230,429,913 185,411,958
Non-current assets    
Property, plant and equipment, net 90,190,647 87,561,341
Construction in Progress, net 14,278,025 13,665,470
Intangible Assets, net 17,670,498 16,407,543
Goodwill 8,408,136 0
TOTAL ASSETS 360,977,219 303,046,312
Current liabilities    
Short-term bank loans 43,556,744 29,400,694
Notes payable 7,989,867 0
Convertible promissory note 3,500,000 0
Long-term debt - current portion 9,792,885 5,713,865
Accounts payable 20,098,589 4,015,502
Taxes payable 3,537,359 4,422,133
Accrued liabilities and other payables 14,850,110 2,315,815
Deferred tax liabilities 287,305 0
Customers deposits 73,921 166,450
Total current liabilities 103,686,780 46,034,459
Long-term liabilities    
Long-term bank loans 2,927,340 8,079,831
Notes payable and debenture 45,503,299 45,823,514
TOTAL LIABILITIES 152,117,419 99,937,804
STOCKHOLDERS' EQUITY    
Preferred Stock, $.001 par value, 5,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 0 0
Common Stock, $0.001 par value, 200,000,000 shares authorized; 34,916,714 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively 34,917 34,617
Additional paid-in capital 53,853,089 53,487,389
Statutory reserves 18,396,513 18,396,513
Retained earnings 104,167,763 99,257,837
Accumulated other comprehensive income 18,907,504 20,928,244
Non-controlling interests 13,500,014 11,003,908
TOTAL STOCKHOLDER'S EQUITY 208,859,800 203,108,508
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 360,977,219 $ 303,046,312