SEGMENT DATA AND RELATED INFORMATION

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

SEGMENT DATA AND RELATED INFORMATION

NOTE 21 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 Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Net revenue from unaffiliated customers:
Copper and CCA wire	$	97,504,064	$	100,397,360	$	184,506,019	$	190,044,806
Copper anode		128,635,293		70,202,817		242,600,149		133,171,370
Refined copper rod		19,665,256		20,407,709		36,927,984		36,877,977
	$	245,804,613	$	191,007,886	$	464,034,152	$	360,094,153
Gross profit:
Copper and CCA wire	$	11,169,852	$	12,502,426	$	21,246,697	$	23,345,750
Copper anode		11,653,637		7,116,806		21,861,048		14,141,760
Refined copper rod		946,392		1,091,802		1,717,488		1,858,516
	$	23,769,881	$	20,711,034	$	44,825,233	$	39,346,026