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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities    
Net income $ 18,475,514 $ 14,017,277
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Issuance of equity for compensation 1,010,243 1,542,337
Depreciation 2,347,876 1,715,800
Amortization 663,442 480,953
Decrease / (Increase) in current assets, net of effects from acquisitions:    
Accounts receivable (28,829,924) 1,721,402
Other current assets (728,335) (662,984)
Inventories (20,446,717) (85,162)
Advances to suppliers 7,023,757 (19,956,392)
Other assets (93,189) 45,480
(Decrease) / Increase in current liabilities, net of effects from acquisitions:    
Accounts payable 2,445,043 (3,263,212)
Unearned revenue 6,717,226 (244,631)
Tax payables 4,321,427 3,029,953
Accrued expenses and other payables 4,346,642 2,862,260
Net cash provided by (used in) operating activities (2,746,995) 1,203,081
Cash flows from investing activities    
Purchase of plant, property, and equipment (3,840,457) (1,990,803)
Acquisition of Gufeng, net of cash acquired 0 (6,720,539)
Increase in construction in progress (1,541,236) (1,847,306)
Net cash used in investing activities (5,381,693) (10,558,648)
Cash flows from financing activities    
Proceeds from loans 9,616,925 2,238,000
Net cash provided by financing activities 9,616,925 2,238,000
Effect of exchange rate change on cash and cash equivalents 1,098,840 1,468,717
Net increase (decrease) in cash and cash equivalents 2,587,077 (5,648,850)
Cash and cash equivalents, beginning balance 65,606,413 62,335,437
Cash and cash equivalents, ending balance 68,193,490 56,686,587
Supplement disclosure of cash flow information    
Interest expense paid 556,347 116,105
Income taxes paid $ 320,704 $ 316,320