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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
NET REVENUE $ 637,093,439 $ 370,531,685 $ 161,543,434
Cost of sales (561,379,767) (308,429,530) (125,310,613)
GROSS PROFIT 75,713,672 62,102,155 36,232,821
Selling expenses (2,485,978) (2,058,323) (1,722,242)
General and administrative expenses (6,650,142) (5,747,178) (3,991,801)
Income from operations 66,577,552 54,296,654 30,518,778
Other income (expenses):      
Interest income 522,722 253,964 173,807
Interest expenses (143,779) (131,106) (335,335)
Foreign exchange differences 234,763 (112,443)  
Gain/(loss) on extinguishment of warrant liabilities 88,777 186,897 (398)
Change in fair value of warrants 3,062,575 (1,448,819) (11,877,341)
Other income (expenses) 114,623 (79,596) 500,834
Total other income (expenses) 3,879,681 (1,331,103) (11,538,433)
Income before income taxes 70,457,233 52,965,551 18,980,345
Provision for income taxes (17,323,700) (14,499,576) (5,247,647)
NET INCOME 53,133,533 38,465,975 13,732,698
OTHER COMPREHENSIVE INCOME:      
Foreign currency translation adjustments 9,152,577 4,626,336 57,753
COMPREHENSIVE INCOME $ 62,286,110 $ 43,092,311 $ 13,790,451
Net income per share      
Basic $ 1.78 $ 1.38 $ 0.77
Diluted $ 1.77 $ 1.34 $ 0.72
Weighted average number of shares outstanding      
Basic 29,816,871 27,956,451 17,822,890
Diluted 30,076,130 28,671,363 19,128,231