XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Sales        
Net sales $ 79,487,215us-gaap_SalesRevenueGoodsNet $ 70,295,981us-gaap_SalesRevenueGoodsNet $ 184,840,179us-gaap_SalesRevenueGoodsNet $ 161,233,929us-gaap_SalesRevenueGoodsNet
Cost of goods sold        
Cost of goods sold 51,296,698us-gaap_CostOfGoodsSold 44,135,266us-gaap_CostOfGoodsSold 109,066,234us-gaap_CostOfGoodsSold 93,752,011us-gaap_CostOfGoodsSold
Gross profit 28,190,517us-gaap_GrossProfit 26,160,715us-gaap_GrossProfit 75,773,945us-gaap_GrossProfit 67,481,918us-gaap_GrossProfit
Operating expenses        
Selling expenses 2,054,025us-gaap_SellingExpense 932,594us-gaap_SellingExpense 4,770,727us-gaap_SellingExpense 2,145,231us-gaap_SellingExpense
Selling expenses - amortization of deferred asset 10,604,586us-gaap_AmortizationOfDeferredSalesCommissions 10,188,098us-gaap_AmortizationOfDeferredSalesCommissions 31,587,102us-gaap_AmortizationOfDeferredSalesCommissions 23,578,746us-gaap_AmortizationOfDeferredSalesCommissions
General and administrative expenses 2,606,749us-gaap_GeneralAndAdministrativeExpense 3,463,127us-gaap_GeneralAndAdministrativeExpense 8,920,360us-gaap_GeneralAndAdministrativeExpense 11,368,835us-gaap_GeneralAndAdministrativeExpense
Impairment of assets 0us-gaap_AssetImpairmentCharges 1,659,729us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 1,659,729us-gaap_AssetImpairmentCharges
Total operating expenses 15,265,360us-gaap_OperatingExpenses 16,243,548us-gaap_OperatingExpenses 45,278,189us-gaap_OperatingExpenses 38,752,541us-gaap_OperatingExpenses
Income from operations 12,925,157us-gaap_OperatingIncomeLoss 9,917,167us-gaap_OperatingIncomeLoss 30,495,756us-gaap_OperatingIncomeLoss 28,729,377us-gaap_OperatingIncomeLoss
Other income (expense)        
Other income (expense) 10,651us-gaap_OtherNonoperatingIncomeExpense 65,563us-gaap_OtherNonoperatingIncomeExpense 57,355us-gaap_OtherNonoperatingIncomeExpense (120,877)us-gaap_OtherNonoperatingIncomeExpense
Interest income 161,625us-gaap_InvestmentIncomeInterest 37,587us-gaap_InvestmentIncomeInterest 229,979us-gaap_InvestmentIncomeInterest 114,675us-gaap_InvestmentIncomeInterest
Interest expense (363,958)us-gaap_InterestExpenseDebt (472,104)us-gaap_InterestExpenseDebt (1,179,617)us-gaap_InterestExpenseDebt (1,009,528)us-gaap_InterestExpenseDebt
Total other income (expense) (191,682)us-gaap_NonoperatingIncomeExpense (368,954)us-gaap_NonoperatingIncomeExpense (892,283)us-gaap_NonoperatingIncomeExpense (1,015,730)us-gaap_NonoperatingIncomeExpense
Income before income taxes 12,733,475us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 9,548,213us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 29,603,473us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 27,713,647us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 2,817,281us-gaap_IncomeTaxExpenseBenefit 2,339,082us-gaap_IncomeTaxExpenseBenefit 6,372,760us-gaap_IncomeTaxExpenseBenefit 6,450,322us-gaap_IncomeTaxExpenseBenefit
Net income 9,916,194us-gaap_NetIncomeLoss 7,209,131us-gaap_NetIncomeLoss 23,230,713us-gaap_NetIncomeLoss 21,263,325us-gaap_NetIncomeLoss
Other comprehensive income        
Foreign currency translation gain 1,534,901us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax (2,838,362)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 2,161,055us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 803,434us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Comprehensive income 11,451,095us-gaap_ComprehensiveIncomeNetOfTax 4,370,769us-gaap_ComprehensiveIncomeNetOfTax 25,391,768us-gaap_ComprehensiveIncomeNetOfTax 22,066,759us-gaap_ComprehensiveIncomeNetOfTax
Basic weighted average shares outstanding (in shares) 34,783,456us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 31,825,562us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 33,471,214us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 31,201,076us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Basic net earnings per share (in dollars per share) $ 0.29us-gaap_EarningsPerShareBasic $ 0.23us-gaap_EarningsPerShareBasic $ 0.69us-gaap_EarningsPerShareBasic $ 0.68us-gaap_EarningsPerShareBasic
Diluted weighted average shares outstanding (in shares) 34,783,456us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 31,825,562us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 33,471,214us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 31,201,076us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Diluted net earnings per share (in dollars per share) $ 0.29us-gaap_EarningsPerShareDiluted $ 0.23us-gaap_EarningsPerShareDiluted $ 0.69us-gaap_EarningsPerShareDiluted $ 0.68us-gaap_EarningsPerShareDiluted
Jinong [Member]        
Sales        
Net sales 33,289,393us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
30,210,579us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
98,946,251us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
88,261,203us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
Cost of goods sold        
Cost of goods sold 13,623,964us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
12,174,848us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
39,318,627us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
37,013,941us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
Operating expenses        
Income from operations 7,263,622us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
5,487,505us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
23,322,997us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
23,924,484us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
Other income (expense)        
Net income 6,202,243us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
4,658,433us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
19,849,731us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
20,317,816us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
Gufeng [Member]        
Sales        
Net sales 45,022,730us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
39,080,111us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
82,787,611us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
70,318,209us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
Cost of goods sold        
Cost of goods sold 36,814,676us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
31,258,885us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
67,448,840us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
54,759,629us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
Operating expenses        
Income from operations 6,999,283us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
6,355,545us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
12,126,494us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
12,059,529us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
Other income (expense)        
Interest expense (363,958)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(472,104)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(1,179,617)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(1,009,528)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
Net income 5,048,243us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
4,419,560us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
8,223,840us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
8,142,956us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
Yuxing [Member]        
Sales        
Net sales 1,175,092us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
1,005,291us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
3,106,317us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
2,654,517us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
Cost of goods sold        
Cost of goods sold 858,058us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
701,533us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
2,298,767us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
1,978,441us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
Operating expenses        
Income from operations 125,021us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
111,507us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
535,592us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
218,049us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
Other income (expense)        
Net income $ 128,397us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 168,523us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 646,347us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 275,229us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember