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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 10,731,636$ 7,787,785
Adjustments to reconcile net income to net cash used in operating activities  
Issuance of equity for compensation557,192644,075
Depreciation1,132,399852,693
Amortization331,50281,143
Decrease / (Increase) in current assets, net of effects from acquisitions:  
Accounts receivable(6,387,104)(383,146)
Other receivables(235,450)16,653
Inventories(12,195,943)2,345,622
Advances to suppliers(1,213,600)(15,847,463)
Other assets(98,716)(296,554)
(Decrease) / Increase in current liabilities, net of effects from acquisitions:  
Accounts payable1,316,676(3,972,787)
Unearned revenue97,5053,347,743
Tax payables2,461,8231,750,338
Other payables and accrued expenses1,493,111(23,333)
Net cash used in operating activities(2,008,969)(3,697,231)
Cash flows from investing activities  
Purchase of plant, property, and equipment(828,035)(776,669)
Acquisition of Gufeng, net of cash acquired0(6,720,539)
Construction in progress(91,631)(141,985)
Net cash used in investing activities(919,666)(7,639,193)
Cash flows from financing activities  
Proceeds from loans8,010,7652,240,468
Net cash provided by financing activities8,010,7652,240,468
Effect of exchange rate change on cash and cash equivalents645,368707,613
Net increase (decrease) in cash and cash equivalents5,727,498(8,388,343)
Cash and cash equivalents, beginning balance65,606,41362,335,437
Cash and cash equivalents, ending balance71,333,91153,947,094
Supplement disclosure of cash flow information  
Interest expense paid148,101179,941
Income taxes paid$ 7,664$ 11,738