Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v2.4.1.9
Consolidated Statements of Income and Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUE      
Revenue $ 233,427,011us-gaap_SalesRevenueNet $ 112,295,158us-gaap_SalesRevenueNet $ 53,673,848us-gaap_SalesRevenueNet
Revenue - related party    10,372,611us-gaap_RevenueFromRelatedParties 13,787,620us-gaap_RevenueFromRelatedParties
Total Revenue 233,427,011us-gaap_Revenues 122,667,769us-gaap_Revenues 67,461,468us-gaap_Revenues
COST OF REVENUE      
Cost of revenue 155,840,823us-gaap_CostOfGoodsSold 68,403,097us-gaap_CostOfGoodsSold 34,040,301us-gaap_CostOfGoodsSold
Cost of revenue - related party    6,580,193us-gaap_RelatedPartyCosts 7,530,171us-gaap_RelatedPartyCosts
Total Cost of Revenue 155,840,823us-gaap_CostOfRevenue 74,983,290us-gaap_CostOfRevenue 41,570,472us-gaap_CostOfRevenue
GROSS PROFIT 77,586,188us-gaap_GrossProfit 47,684,479us-gaap_GrossProfit 25,890,996us-gaap_GrossProfit
OPERATING EXPENSES:      
Selling 2,673,213us-gaap_SellingAndMarketingExpense 1,618,278us-gaap_SellingAndMarketingExpense 647,850us-gaap_SellingAndMarketingExpense
General and administrative 4,537,351us-gaap_GeneralAndAdministrativeExpense 3,191,637us-gaap_GeneralAndAdministrativeExpense 463,501us-gaap_GeneralAndAdministrativeExpense
Total Operating Expenses 7,210,564us-gaap_OperatingExpenses 4,809,915us-gaap_OperatingExpenses 1,111,351us-gaap_OperatingExpenses
INCOME FROM OPERATIONS 70,375,624us-gaap_OperatingIncomeLoss 42,874,564us-gaap_OperatingIncomeLoss 24,779,645us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):      
Interest income 16,772us-gaap_InvestmentIncomeInterest 8,250us-gaap_InvestmentIncomeInterest 3,276us-gaap_InvestmentIncomeInterest
Interest expense (4,815,670)us-gaap_InterestExpense (3,301,696)us-gaap_InterestExpense (2,876,253)us-gaap_InterestExpense
Foreign currency transaction (loss) gain (258,248)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 144,740us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (5,113)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Grant income 20,094,039us-gaap_RevenueFromGrants 7,338,273us-gaap_RevenueFromGrants 2,363,575us-gaap_RevenueFromGrants
Investment income 348,523us-gaap_InvestmentIncomeNet 69,519us-gaap_InvestmentIncomeNet 15,138us-gaap_InvestmentIncomeNet
Other (expense) income (335)us-gaap_OtherIncome 2,144us-gaap_OtherIncome   
Total Other Income (Expense), net 15,385,081us-gaap_NonoperatingIncomeExpense 4,261,230us-gaap_NonoperatingIncomeExpense (499,377)us-gaap_NonoperatingIncomeExpense
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 85,760,705us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 47,135,794us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 24,280,268us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAXES         
NET INCOME FROM CONTINUING OPERATIONS 85,760,705us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 47,135,794us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 24,280,268us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
NET INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX    51,910,662us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 84,494,428us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
NET INCOME 85,760,705us-gaap_NetIncomeLoss 99,046,456us-gaap_NetIncomeLoss 108,774,696us-gaap_NetIncomeLoss
COMPREHENSIVE INCOME:      
Net income 85,760,705us-gaap_NetIncomeLoss 99,046,456us-gaap_NetIncomeLoss 108,774,696us-gaap_NetIncomeLoss
OTHER COMPREHENSIVE INCOME      
Foreign currency translation (loss) gain (552,656)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax 8,195,045us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax 4,113,599us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
Unrealized change in fair value of available-for-sale investment       (717)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
TOTAL COMPREHENSIVE INCOME $ 85,208,049us-gaap_ComprehensiveIncomeNetOfTax $ 107,241,501us-gaap_ComprehensiveIncomeNetOfTax $ 112,887,578us-gaap_ComprehensiveIncomeNetOfTax
BASIC AND DILUTED EARNINGS PER SHARE      
From continuing operations $ 1.08us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.60us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.32us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
From discontinued operations $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ 0.66us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ 1.09us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Net income $ 1.08us-gaap_EarningsPerShareBasicAndDiluted $ 1.26us-gaap_EarningsPerShareBasicAndDiluted $ 1.41us-gaap_EarningsPerShareBasicAndDiluted
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING:      
Basic and diluted 79,055,053us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 78,772,743us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 77,215,000us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted