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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net revenues $ 55,264,211 $ 53,103,910 $ 119,469,809 $ 121,978,566
Cost of revenues 46,107,620 42,786,893 96,582,685 97,233,792
Gross profit 9,156,591 10,317,017 22,887,124 24,744,774
Operating expenses        
Selling and marketing expenses 3,044,877 2,174,055 5,783,319 5,561,435
General and administrative expenses 3,361,844 1,418,386 6,756,226 4,293,756
Total operating expenses 6,406,721 3,592,441 12,539,545 9,855,191
Operating income 2,749,870 6,724,576 10,347,579 14,889,583
Government subsidy income 401,443 344,447 2,209,814 1,447,789
Interest income 94,186 37,880 151,510 57,730
Other income 779,644 1,107,944 935,198 1,318,999
Other expenses (74,946) (50,329) (220,456) (134,547)
Interest expense (2,553,415) (2,444,169) (6,332,249) (4,612,763)
Earnings before tax 1,396,782 5,720,349 7,091,396 12,966,791
Income tax (666,673) (1,233,718) (2,378,889) (3,289,034)
Net income 730,109 4,486,631 4,712,507 9,677,757
Other comprehensive income:        
Foreign currency translation gain 82,660 1,169,324 (2,020,740) 4,749,225
Comprehensive Income 812,769 5,655,955 2,691,767 14,426,982
Net income attributable to:        
-Common stockholders 1,179,001 4,256,690 4,909,926 9,274,971
-Non-controlling interest (448,892) 229,941 (197,419) 402,786
Net Income $ 730,109 $ 4,486,631 $ 4,712,507 $ 9,677,757
Earnings per share        
- Basic $ 0.03 $ 0.12 $ 0.15 $ 0.27
- Diluted $ 0.03 $ 0.12 $ 0.14 $ 0.27
Weighted average shares outstanding        
- Basic 34,745,285 34,616,714 34,873,699 34,616,714
- Diluted 34,745,285 34,616,714 34,873,699 34,616,714