CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)	Dec. 31, 2013	Jun. 30, 2013
Current Assets
Cash and cash equivalents	$ 13,912,272	$ 75,031,489
Accounts receivable, net	76,362,588	85,323,442
Inventories	71,920,922	34,511,167
Prepaid expenses and other current assets	369,796	397,897
Advances to suppliers	27,391,238	20,224,206
Assets held for sale	11,813,855	11,676,736
Total Current Assets	201,770,671	227,164,937
Plant, Property and Equipment, Net	80,447,122	89,604,787
Construction In Progress	49,274	68,414
Deferred asset, Net	61,354,716	0
Other Assets	95,761	97,432
Intangible Assets, Net	26,237,731	26,608,013
Goodwill	5,245,643	5,184,759
Total Assets	375,200,918	348,728,342
Current Liabilities
Accounts payable	3,406,023	3,375,333
Unearned revenue	11,032,022	1,433,661
Accrued expenses and other payables	4,206,899	3,934,184
Amount due to related parties	1,512,337	1,304,013
Taxes payable	15,243,156	25,728,759
Short term loans	19,889,550	16,099,100
Total Current Liabilities	55,289,987	51,875,050
Commitment and Contingencies
Stockholders' Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $.001 par value, 115,197,165 shares authorized, 31,820,177 and 29,943,236 shares issued and outstanding as of December 31, 2013 and June 30, 2013, respectively	31,820	29,943
Additional paid-in capital	111,322,681	105,962,909
Statutory reserve	21,747,175	20,121,905
Retained earnings	161,354,049	148,925,125
Accumulated other comprehensive income	25,455,206	21,813,410
Total Stockholders' Equity	319,910,931	296,853,292
Total Liabilities and Stockholders' Equity	$ 375,200,918	$ 348,728,342