SEGMENT DATA AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2011

SEGMENT DATA AND RELATED INFORMATION

NOTE 21   SEGMENT DATA AND RELATED INFORMATION

The Company operates in one business segment, the manufacturing and sale of refined copper rod and copper anode, as well as copper clad aluminum (CCA) wire and copper wire produced from refined copper rod.  The Company also operates in only one geographical segment – China, as all of the Company’s products are sold to customers located in China and the Company’s manufacturing operations are located in China.

The Company’s major product categories are (1) wire manufacturing, consisting of (a) CCA fine and superfine wire, which is an electrical conductor consisting of an outer sleeve of copper that is metallurgically bonded to a solid aluminum core, and (b) copper fine and superfine wire, manufactured from recycled copper rod; (2) refined copper rod; and (3) refined copper anode, the latter two of which are fire refined from scrap copper.

Management evaluates performance based on several factors, of which net revenue and gross profit by product are the primary financial measures:

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
	2011		2010		2011		2010
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net revenue from unaffiliated customers:
Copper and CCA wire	$	77,187,671	$	60,655,407	$	241,612,636	$	169,593,208
Copper anode		78,382,986		35,682,044		217,901,644		35,682,044
Refined pure copper rod		-		-		-		29,785,251
	$	155,570,657	$	96,337,451	$	459,514,280	$	235,060,503
Gross profit:
Copper and CCA wire	$	12,102,105	$	12,219,344	$	36,912,420	$	35,917,148
Copper anode		7,354,825		2,902,480		19,100,046		2,902,480
Refined pure copper rod		-		-		-		2,623,786
	$	19,456,930	$	15,121,824	$	56,012,466	$	41,443,414