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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,311,187 $ 11,475,012
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,044,563 657,320
Share-based compensation 81,464 112,875
(Gain) on extinguishment of warrant liabilities 0 (73,291)
Change in fair value of warrants 108,000 430,000
Deferred income tax benefits 95 179,426
(Increase) decrease in assets:    
Accounts receivable 3,375,085 2,829,666
Prepayments for raw material purchases 5,352,699 (6,020,960)
Other receivables, deposits and prepayments 372,431 879,411
Inventories (3,634,076) (2,056,628)
Increase (decrease) in liabilities:    
Accounts payable 5,663,389 (889,271)
Other payables and accruals 44,734 (371,130)
Income taxes payable (1,051,026) (467,079)
Net cash provided by operating activities 24,668,545 6,685,351
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment and construction in progress (457,225) (146,645)
Deposits for plant and equipment 0 (3,754,080)
Net cash used in investing activities (457,225) (3,900,725)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividend paid 0 (496,423)
Net cash used in financing activities 0 (496,423)
Foreign currency translation adjustment 420,669 68,258
INCREASE IN CASH AND CASH EQUIVALENTS 24,631,989 2,356,461
CASH AND CASH EQUIVALENTS, at the beginning of the period 144,300,290 105,637,627
CASH AND CASH EQUIVALENTS, at the end of the period 168,932,279 107,994,088
MAJOR NON-CASH TRANSACTION:    
Share-based compensation to employees and directors 81,464 112,875
Issuance of common stock to settle warrant liabilities 0 311,704
SUPPLEMENTAL DISCLOSURE INFORMATION    
Cash paid for income taxes $ 5,765,619 $ 4,564,999