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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net revenues $ 47,681,598 $ 55,264,211 $ 120,786,813 $ 119,469,809
Cost of revenues 39,391,557 46,107,620 101,073,478 96,582,685
Gross profit 8,290,041 9,156,591 19,713,335 22,887,124
Operating expenses        
Selling and marketing expenses 1,875,739 3,044,877 5,037,527 5,783,319
General and administrative expenses 2,348,402 3,361,844 9,530,701 6,756,226
Total operating expenses 4,224,141 6,406,721 14,568,228 12,539,545
Operating income 4,065,900 2,749,870 5,145,107 10,347,579
Government subsidy income 941,545 401,443 1,947,630 2,209,814
Interest income 116,451 94,186 391,056 151,510
Other income 87,371 779,644 649,045 935,198
Other expenses (347,684) (74,946) (850,313) (220,456)
Interest expense (2,017,820) (2,553,415) (5,620,812) (6,332,249)
Earnings/(loss) before tax 2,845,763 1,396,782 1,661,713 7,091,396
Income tax (967,650) (666,673) (2,255,036) (2,378,889)
Net income/(loss) 1,878,113 730,109 (593,323) 4,712,507
Other comprehensive income/(loss):        
Foreign currency translation gain/(loss) (6,063,073) 82,660 (4,958,027) (2,020,740)
Comprehensive Income/(Loss) (4,184,960) 812,769 (5,551,350) 2,691,767
Net income/(loss) attributable to:        
-Common stockholders 2,263,262 1,179,001 1,318,452 4,909,926
-Non-controlling interest (385,149) (448,892) (1,911,775) (197,419)
Net income $ 1,878,113 $ 730,109 $ (593,323) $ 4,712,507
Earnings/(loss) per share        
- Basic $ 0.06 $ 0.03 $ 0.04 $ 0.14
- Diluted $ 0.06 $ 0.03 $ 0.04 $ 0.14
Weighted average shares outstanding        
- Basic 38,259,490 34,745,285 36,727,504 34,873,699
- Diluted 38,259,490 34,745,285 36,727,504 34,873,699