CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 101,954,549	$ 90,609,340
Bills receivable, net		528,576
Accounts receivable, net	25,682,050	32,973,704
Prepayments for raw material purchases	25,180,104
Other receivables and prepayments	470,879	21,967
Prepaid land use right - current portion	401,592	211,499
Deferred income tax assets	51,383	127,317
Inventories	19,224,126	16,155,862
Total current assets	172,964,683	140,628,265
OTHER ASSETS
Property, plant and equipment, net	18,353,484	18,189,255
Construction in progress	14,608,932	916,782
Prepaid land use right - long-term portion	18,846,004	18,546,744
Intangible assets	1,050	3,547
Total non-current assets	51,809,470	37,656,328
Total assets	224,774,153	178,284,593
CURRENT LIABILITIES
Short term bank loans	2,360,383	2,264,937
Accounts payable	8,495,621	6,012,035
Other payables and accruals	2,616,696	3,186,174
Income taxes payable	4,517,366	4,981,383
Warrant liabilities	516,000	8,682,441
Total current liabilities	18,506,066	25,126,970
Total liabilities	18,506,066	25,126,970
STOCKHOLDERS' 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 September 30, 2011 and December 31, 2010, respectively	3,003	2,938
Additional paid-in capital	78,425,039	71,251,843
Treasury stock, at cost, 264,047 shares and nil, as of September 30,2011 and December 31, 2010, respectively	(2,126,597)
Statutory reserves	9,623,789	7,556,187
Retained earnings	105,429,632	67,091,089
Accumulated other comprehensive income	14,913,221	7,255,566
Total stockholders' equity	206,268,087	153,157,623
Total liabilities and stockholders' equity	$ 224,774,153	$ 178,284,593