SEGMENT DATA AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

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 metallurgic ally 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 Nine Months
	Ended September 30,				Ended September 30,
	2012		2011		2012		2011
Net revenue from unaffiliated customers:
Copper and CCA wire	$	101,242,664	$	77,187,671	$	291,287,470	$	241,612,636
Copper anode		118,235,921		78,382,986		251,407,291		217,901,644
Refined copper rod		19,314,445		-		56,192,422		-
	$	238,793,030	$	155,570,657	$	598,887,183	$	459,514,280
Gross profit:
Copper and CCA wire	$	12,791,911	$	12,102,105	$	36,137,661	$	36,912,420
Copper anode		11,425,027		7,354,825		25,566,787		19,100,046
Refined copper rod		1,039,464		-		2,897,980		-
	$	25,256,402	$	19,456,930	$	64,602,428	$	56,012,466