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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Revenues $ 52,334,532 $ 29,081,466 $ 106,390,815 $ 52,643,934
Cost of Goods Sold 37,055,621 22,049,508 71,871,890 40,270,654
Gross Profit 15,278,911 7,031,958 34,518,925 12,373,280
Selling expenses 1,476,387 981,379 2,827,174 1,814,207
General and administrative expenses 269,354 412,010 660,683 797,835
Losses on disposal of fixed assets   669 68 49,148
Bad debt expense (recoveries) for advanced to suppliers 1,419,952 (162,677) 1,424,099 40,285
Compensation Expense 482,163 100,000 1,019,682 200,000
Total Operating Expenses 3,647,856 1,331,381 5,931,706 2,901,475
Income From Operations 11,631,055 5,700,577 28,587,219 9,471,805
Interest income (expense), net 910 (68,100) (5,570) (139,134)
Other (expense) income, net (46,167) 453 (43,693) 11
Change in fair value of warrants 1,331,797 5,571,124 3,173,290 7,915,965
Total Other Income 1,286,540 5,503,477 3,124,027 7,776,842
Income from Continuing Operations Before Income Taxes 12,917,595 11,204,054 31,711,246 17,248,647
Income Tax Provision            
Net Income Before Noncontrolling Interest 12,917,595 11,204,054 31,711,246 17,248,647
Less: Net income (loss) attributable to the noncontrolling interest 26,451 (5,472) 86,957 (3,416)
Net Income Attributable to Sen Yu International Holdings, Inc. $ 12,891,144 $ 11,209,526 $ 31,624,289 $ 17,252,063
- Basic Earnings Per Share $ 0.50 $ 0.54 $ 1.23 $ 0.83
- Diluted Earnings Per Share $ 0.46 $ 0.44 $ 1.13 $ 0.67
- Basic Weighted Shares 26,000,852 20,892,982 25,721,430 20,892,982
- Diluted Weighted Shares 28,156,445 25,368,517 27,877,023 25,918,821