CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 130,485,201	$ 105,637,627
Accounts receivable, net	42,380,509	31,082,460
Prepayments for raw material purchases	16,896,047	21,882,977
Other receivables, deposits and prepayments	1,050,111	1,882,864
Prepaid land use right - current portion	402,472	405,034
Deferred income tax assets	24,540	200,588
Inventories	22,163,524	15,502,246
Total current assets	213,402,404	176,593,796
OTHER ASSETS
Property, plant and equipment, net	47,086,905	20,565,875
Construction in progress		18,794,910
Deposits for plant and equipment		3,428,082
Prepaid land use right - long-term portion	18,484,925	18,906,280
Intangible assets		170
Total non-current assets	65,571,830	61,695,317
Total assets	278,974,234	238,289,113
CURRENT LIABILITIES
Accounts payable	7,185,703	6,066,261
Other payables and accruals	4,917,883	6,370,833
Income taxes payable	5,893,096	4,607,533
Dividend payable		992,846
Warrant liabilities	253,000	615,000
Total current liabilities	18,249,682	18,652,473
Total liabilities	18,249,682	18,652,473
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, 30,084,883 shares issued and 29,820,836 shares outstanding as of September 30, 2012 (December 31, 2011: 30,036,481 shares issued and 29,772,434 shares outstanding)	3,008	3,003
Additional paid-in capital	79,189,141	78,564,128
Treasury stock, at cost, 264,047 shares as of September 30, 2012 and December 31, 2011	(2,126,597)	(2,126,597)
Statutory reserves	13,362,964	10,418,476
Retained earnings	155,573,315	116,369,487
Accumulated other comprehensive income	14,722,721	16,408,143
Total stockholders' equity	260,724,552	219,636,640
Total liabilities and stockholders' equity	$ 278,974,234	$ 238,289,113