CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 105,637,627	$ 90,609,340
Bills receivable, net		528,576
Accounts receivable, net	31,082,460	32,973,704
Prepayments for raw material purchases	21,882,977
Other receivables, deposits and prepayments	1,882,864	21,967
Prepaid land use right - current portion	405,034	211,499
Deferred income tax assets	200,588	127,317
Inventories	15,502,246	16,155,862
Total current assets	176,593,796	140,628,265
OTHER ASSETS
Property, plant and equipment, net	20,565,875	18,189,255
Construction in progress	18,794,910	916,782
Deposits for plant and equipment	3,428,082
Prepaid land use right - long-term portion	18,906,280	18,546,744
Intangible assets	170	3,547
Total non-current assets	61,695,317	37,656,328
Total assets	238,289,113	178,284,593
CURRENT LIABILITIES
Short term bank loans		2,264,937
Accounts payable	6,066,261	6,012,035
Other payables and accruals	6,370,833	3,186,174
Income taxes payable	4,607,533	4,981,383
Dividend payable	992,846
Warrant liabilities	615,000	8,682,441
Total current liabilities	18,652,473	25,126,970
Total liabilities	18,652,473	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, 30,036,481 and 29,385,326 shares issued and outstanding as of December 31, 2011 and 2010, respectively	3,003	2,938
Additional paid-in capital	78,564,128	71,251,843
Treasury stock, at cost, 264,047 shares and nil as of December 31, 2011 and 2010, respectively	(2,126,597)
Statutory reserves	10,418,476	7,556,187
Retained earnings	116,369,487	67,091,089
Accumulated other comprehensive income	16,408,143	7,255,566
Total stockholders' equity	219,636,640	153,157,623
Total liabilities and stockholders' equity	$ 238,289,113	$ 178,284,593