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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash $ 2,309 $ 23,378
Pledged bank deposits 296,407 201,252
Bills receivable 12,254 3,968
Accounts receivable 10,475 14,248
Inventories 56,053 48,634
Prepayments to suppliers 31,402 23,476
Consumption tax refund receivable 93,674 51,334
Amounts due from related parties 295 40
Other current assets 54,395 56,320
Deferred income tax assets 1,762 2,801
Total current assets 559,026 425,451
Property, plant and equipment, net 253,033 227,603
Intangible assets, net 855 880
Land use rights 10,694 10,708
VAT recoverable 2,568 2,232
Total assets 826,176 666,874
Current Liabilities:    
Short-term bank borrowings 475,614 295,146
Bills payable 148,327 102,650
Accounts payable 81,846 130,387
Advances from customers 6,117 24,405
Accrued expenses and other payables 24,895 26,833
Income tax payable    2,344
Dividends payable 2,382 2,382
Amounts due to related parties    479
Total liabilities, all current 739,181 584,626
Series B convertible preferred stock: Par value:$0.001; Authorized: 8000,000 shares issued and outstanding:5,333,340 shares, liquidation preference $20,250 16,452 16,452
Commitments and contingencies      
Stockholders' equity:    
Common stock: Par value: $0.001; Authorized: 100,000,000 shares Issued and outstanding: 57,464,160 shares as at June 30, 2013 and December 31, 2012 58 58
Additional paid-in capital 51,350 50,653
Statutory reserve 4,074 4,071
Accumulated other comprehensive income 9,122 7,491
Retained earnings 5,939 3,523
Total stockholders' equity 70,543 65,796
Total liabilities and stockholders' equity $ 826,176 $ 666,874