CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 98,729,038	$ 90,609,340
Bills receivable, net		528,576
Accounts receivable, net	23,811,515	32,973,704
Prepayments for raw material purchases	23,594,404
Other receivables and current assets	548,468	21,967
Prepaid land use right - current portion	394,350	211,499
Deferred income tax assets	149,849	127,317
Inventories	17,845,910	16,155,862
Total current assets	165,073,534	140,628,265
OTHER ASSETS
Property, plant and equipment, net	18,021,183	18,189,255
Construction in progress	7,344,878	916,782
Prepaid land use right - long-term portion	18,604,728	18,546,744
Intangible assets	1,897	3,547
Total non-current assets	43,972,686	37,656,328
Total assets	209,046,220	178,284,593
CURRENT LIABILITIES
Short term bank loans	2,317,819	2,264,937
Accounts payable	8,692,421	6,012,035
Other payables and accruals	3,044,274	3,186,174
Due to a related party	140,000
Income taxes payable	4,727,549	4,981,383
Warrant liabilities	1,145,000	8,682,441
Total current liabilities	20,067,063	25,126,970
Total liabilities	20,067,063	25,126,970
STOCKOLDERS' EQUITY
Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value: 75,000,000 shares authorized, 30,032,450 and 29,385,326 shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	3,003	2,938
Additional paid-in capital	78,312,835	71,251,843
Treasury stock, at cost, 264,047 shares and nil, as of June 30,2011 and December 31, 2010, respectively	(2,126,597)
Statutory reserves	8,869,528	7,556,187
Retained earnings	92,655,810	67,091,089
Accumulated other comprehensive income	11,264,578	7,255,566
Total stockholders' equity	188,979,157	153,157,623
Total liabilities and stockholders' equity	$ 209,046,220	$ 178,284,593