NOTE 3 – INVENTORIES

Inventories at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015		December 31, 2014
	USD		USD
Raw materials		64,953,705		52,010,104
Work-in-process		34,348,311		22,128,405
Finished goods		27,737,461		27,166,423
Total		127,039,477		101,304,932

An inventory write-down of $12,174 and nil was recorded during the three months ended June 30, 2015 and 2014, respectively.An inventory write-down of $16,750 and $9,092 was recorded during the six months ended June 30, 2015 and 2014, respectively.