Inventories

3 Months Ended

Dec. 31, 2012

Inventories [Text Block]

4 Inventories

Inventories as of September 30, 2012 and December 31, 2012 consisted of the following:

		September 30,		December 31,
		2012		2012
Raw materials	$	19,999,192	$	17,906,622
Work-in-progress		13,912,685		15,227,558
Finished goods		31,471,952		27,433,164
	$	65,383,829	$	60,567,344

During the three months ended December 2011 and 2012, inventories write-down of nil and $19,275,145 respectively were charged to cost of revenue.

Part of the Company’s inventories with a carrying value of $23,863,691 and $24,072,024 as of September 30, 2012 and December 31, 2012, respectively, was pledged as collateral under certain loan agreements (see Note 7).