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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
NET REVENUE $ 238,793,030 $ 155,570,657 $ 598,887,183 $ 459,514,280
Cost of sales (213,536,628) (136,113,727) (534,284,755) (403,501,814)
GROSS PROFIT 25,256,402 19,456,930 64,602,428 56,012,466
Selling expenses (741,135) (633,584) (2,168,129) (1,824,986)
General and administrative expenses (2,059,027) (1,498,306) (5,991,326) (4,410,680)
Income from operations 22,456,240 17,325,040 56,442,973 49,776,800
Other income (expenses):        
Interest income 138,081 135,276 418,235 405,322
Interest expenses    (38,694)    (109,174)
Exchange expenses 40,686 (104,397) 128,362 (104,397)
Gain on extinguishment of warrant liabilities       73,291 87,255
Change in fair value of warrants 451,000 629,000 (23,000) 3,183,252
Other income (expense) (538) 670 94,241 100,500
Total other income (expenses), net 629,229 621,855 691,129 3,562,758
Income before income taxes 23,085,469 17,946,895 57,134,102 53,339,558
Provision for income taxes (5,858,831) (4,418,812) (14,985,786) (12,933,413)
NET INCOME 17,226,638 13,528,083 42,148,316 40,406,145
OTHER COMPREHENSIVE INCOME:        
Foreign currency translation adjustments (683,771) 3,648,643 (1,685,422) 7,657,655
COMPREHENSIVE INCOME $ 16,542,867 $ 17,176,726 $ 40,462,894 $ 48,063,800
Net income per share        
Basic $ 0.58 $ 0.45 $ 1.41 $ 1.35
Diluted $ 0.58 $ 0.45 $ 1.41 $ 1.34
Weighted average number of shares outstanding        
Basic 29,820,836 29,768,403 29,814,300 29,833,041
Diluted 29,891,994 29,976,702 29,996,507 30,124,791