SEGMENT DATA AND RELATED INFORMATION

6 Months Ended

Jun. 30, 2012

SEGMENT DATA AND RELATED INFORMATION

NOTE 22 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 Six Months
	Ended June 30,				Ended June 30,
	2012		2011		2012		2011
Net revenue from unaffiliated customers:
Copper and CCA wire	$	100,397,360	$	93,513,329	$	190,044,806	$	164,424,965
Copper anode		70,202,817		73,499,198		133,171,370		139,518,658
Refined copper rod		20,407,709		-		36,877,977		-
	$	191,007,886	$	167,012,527	$	360,094,153	$	303,943,623
Gross profit:
Copper and CCA wire	$	12,502,426	$	13,833,862	$	23,345,750	$	24,810,315
Copper anode		7,116,806		5,813,601		14,141,760		11,745,221
Refined copper rod		1,091,802		-		1,858,516		-
	$	20,711,034	$	19,647,463	$	39,346,026	$	36,555,536