CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 6,582,047	$ 6,374,103
Restricted cash	12,175,124	13,503,122
Accounts receivable, net	33,972,776	21,740,642
Inventories, net	1,590,873	1,955,458
Other receivables and prepaid expenses	400,173	432,205
Advance to suppliers	29,961,717	32,776,983
Notes receivable	131,498	746,922
Due from related parties	21,222,549	19,056,574
Deferred tax assets, net	146,387	103,419
Total current assets	106,183,144	96,689,428
Property, plant and equipment, net	4,417,743	4,949,920
Research and development contracts in progress	296,780	531,617
Construction in progress deposit - related parties	10,014,565	9,790,700
Intangible assets	563,230	525,458
Goodwill	10,360,306	8,498,897
TOTAL ASSETS	131,835,768	120,986,020
Current liabilities
Short-term loans	24,373,137	21,945,664
Notes payable	24,350,248	25,318,370
Accounts payable	1,656,220	1,488,548
Accrued expenses and other payables	1,420,398	1,170,952
Advance from customers	971,646	301,014
Taxes payable	5,855,684	4,711,893
Interest payable	46,477	25,027
Dividends payable	613,041	599,338
Due to related parties	3,722,792	2,884,340
Total current liabilities	63,009,643	58,445,146
Long-term payables	290,000	580,000
Long-term loan	15,257	0
TOTAL LIABILITIES	63,314,900	59,025,146
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding as of June 30, 2011	0	0
Common stock: authorized 35,000,000 shares, par value $0.01 Issued 15,881,437 shares and outstanding 15,879,757 shares; and Issued 15,275,572 shares and outstanding 15,273,892 shares at June 30, 2011 and December 31, 2010, respectively	158,798	152,739
Shares to be issued	0	557
Subscription receivable	0	(61,200)
Deferred expenses	(157,160)	(227,226)
Additional paid-in capital	40,667,143	38,204,403
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Statutory surplus reserve	686,195	682,528
Accumulated other comprehensive income	1,673,266	964,206
Retained earnings	22,309,302	19,030,933
TOTAL STOCKHOLDERS' EQUITY	65,330,222	58,739,618
Noncontrolling interest	3,190,646	3,221,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 131,835,768	$ 120,986,020