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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue$ 155,570,657$ 96,337,451$ 459,514,280$ 235,060,503
Cost of goods sold(136,113,727)(81,215,627)(403,501,814)(193,617,089)
Gross profit19,456,93015,121,82456,012,46641,443,414
Selling expenses(633,584)(422,209)(1,824,986)(1,443,506)
General and administrative expenses(1,498,306)(1,192,225)(4,410,680)(3,970,721)
Income from operations17,325,04013,507,39049,776,80036,029,187
Other income (expenses):    
Interest income135,27680,289405,322174,705
Interest expenses(38,694)(30,090)(109,174)(99,548)
Exchange expenses(104,397)(31,810)(104,397)(31,810)
Gain on extinguishment of warrant liabilities  87,255135,369
Change in fair value of warrants629,000(128,994)3,183,2522,105,835
Other income (expenses)67022,305100,500(46,092)
Total other income (expenses), net621,855(88,300)3,562,7582,238,459
Income before income tax17,946,89513,419,09053,339,55838,267,646
Provision for income tax(4,418,812)(3,563,385)(12,933,413)(9,657,091)
Net income13,528,0839,855,70540,406,14528,610,555
Other comprehensive income:    
Foreign currency translation adjustment3,648,6431,927,9007,657,6552,674,701
Comprehensive income$ 17,176,726$ 11,783,605$ 48,063,800$ 31,285,256
Earnings per share    
Basic$ 0.45$ 0.34$ 1.35$ 1.04
Diluted$ 0.45$ 0.33$ 1.34$ 1.01
Weighted average number of shares outstanding    
Basic29,768,40329,143,43229,833,04127,473,883
Diluted29,976,70229,968,08730,124,79128,318,052