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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,707,003 $ 2,350,470
Adjustments to reconcile net income to net cash provided by operating activities :    
Depreciation 52,603 23,133
Share-based payment expense 302,183 0
Changes in operating assets and liabilities :-    
Accounts receivable (30,451) (4,149)
Other receivable and other prepayment (13,946) 4,156
Inventory (2,051) 0
Amount due from/to a shareholder 247,726 (79,078)
Accrued expense and other payable 72,122 (9,854)
Value-added tax liability - net (80,296) 38,206
Income tax payable (306,550) 102,986
Net cash provided by operating activities 2,948,343 2,425,870
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of property, plant and equipment (572,204) (41,908)
Repayment of promissory notes (2,363,401) 0
Net cash used in investing activities (2,935,605) (41,908)
CASH FLOWS FROM FINANCING ACTIVITIES    
Amount due to a shareholder 1,237,815 0
Issuance of common stock 0 220,310
Net cash provided by financing activities 1,237,815 220,310
Effect of exchange rate changes on cash and cash equivalents 79,455 15,586
Net increase in cash and cash equivalents 1,330,008 2,619,858
Cash and cash equivalents, beginning balance 956,402 1,487,941
Cash and cash equivalents, ending balance 2,286,410 4,107,799
Non-cash financing activities    
i) Distribution upon Group Reorganization 283,265  
ii) Issuance of promissory notes as deemed distribution on reverse acquisition (Notes 1, 5) 2,368,471  
iii) Common stock issued for prepaid services - Note 8) $ 763,064