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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Significant Accounting Policies  
Schedule of estimated useful lives for property, plant and equipment

 

 

Buildings and improvements

 

20 to 30 Years

Machinery

 

10 Years

Office equipment and furnishing

 

3 to 5 Years

Motor vehicles

 

4 to 5 Years

 

Schedule of computation of basic and diluted earnings per share

 

 

 

Year Ended December 31,

 

 

 

2012

 

2013

 

2014

 

2014

 

 

 

(RMB)

 

(RMB)

 

(RMB)

 

($)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income, representing undistributed earnings available to ordinary shareholder—basic and diluted

 

188,151,454 

 

79,528,309 

 

79,210,649 

 

12,945,031 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number ordinary shares outstanding—basic and diluted

 

25,725,000 

 

25,725,000 

 

25,725,000 

 

25,725,000 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic and diluted

 

7.31 

 

3.09 

 

3.08 

 

0.50