NOTE 25 - CONCENTRATION OF CUSTOMERS AND SUPPLIERS

The Company had three customers who contributed approximately $11,026,000 or 61% of the Company’s consolidated net revenue for the nine months ended September 30, 2011. For the same period of 2010, the Company had two main customers who contributed approximately $4,283,000 or 64% of the Company’s consolidated net revenue.

The following table shows the Company’s major customers (10% or more of consolidated net revenue) for the nine months ended September 30, 2011:

	Revenue		Percentage
Customer	(In thousands)		(%)
Henan Zhongse Ltd	$	3,918		22	%
Ruipeng Mining Ltd		3,802		21	%
Ningxia Jinhe Chemistry Ltd		3,306		18	%
	$	11,026		61	%

The following table shows the Company’s major customers (10% or more of consolidated net revenue) for the nine months ended September 30, 2010:

	Revenue		Percentage
Customer	(In thousands)		(%)
RuiPeng Mining Ltd	$	3,633		54	%
Handan Hongzhi Ltd		650		10	%
	$	4,283		64	%

The Company had no concentrated suppliers for the nine months ended September 30, 2011 and 2010.