CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 5,851,519	$ 6,374,103
Restricted cash	13,855,478	13,503,122
Accounts receivable, net	16,888,361	21,740,642
Inventories, net	2,296,478	1,955,458
Other receivables and prepaid expenses	444,511	432,205
Advance to suppliers	50,225,597	32,776,983
Notes receivable	940,930	746,922
Due from related parties	26,479,027	19,056,574
Revenue in excess of costs - R&D contracts	0	531,617
Deferred tax assets, net	246,486	103,419
Total current assets	117,228,387	97,221,045
Property, plant and equipment, net	4,135,079	4,949,920
Construction in progress deposit - related parties	10,111,867	9,790,700
Intangible assets	768,014	525,458
Goodwill	10,360,306	8,498,897
TOTAL ASSETS	142,603,653	120,986,020
Current liabilities
Short-term loans	30,347,636	21,945,664
Notes payable	26,148,896	25,318,370
Accounts payable	1,323,925	1,488,548
Accrued expenses and other payables	1,299,128	1,170,952
Advance from customers	2,019,302	301,014
Taxes payable	5,705,597	4,711,893
Interest payable	57,205	25,027
Dividends payable	618,998	599,338
Billings in excess of revenue - R&D contracts	88,010	0
Due to related parties	3,885,951	2,884,340
Total current liabilities	71,494,648	58,445,146
Long-term payables	290,000	580,000
Long-term loan	12,831	0
TOTAL LIABILITIES	71,797,479	59,025,146
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred stock: authorized 1,000,000 shares, par value $0.01 none issued and outstanding as of September 30, 2011	0	0
Common stock: authorized 35,000,000 shares, par value $0.01 Issued 15,886,237 shares and outstanding 15,884,557 shares; and Issued 15,275,572 shares and outstanding 15,273,892 shares at September 30, 2011 and December 31, 2010, respectively	158,846	152,739
Shares to be issued	0	557
Subscription receivable	0	(61,200)
Deferred expenses	(70,827)	(227,226)
Additional paid-in capital	40,951,058	38,204,403
Treasury shares: 1,680 shares at cost	(7,322)	(7,322)
Statutory surplus reserve	682,528	682,528
Accumulated other comprehensive income	1,884,757	964,206
Retained earnings	24,054,182	19,030,933
TOTAL STOCKHOLDERS' EQUITY	67,653,222	58,739,618
Noncontrolling interest	3,152,952	3,221,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 142,603,653	$ 120,986,020