Segment Information

12 Months Ended

Dec. 31, 2011

Segment Reporting, Disclosure Of Other Information About Entitys Reportable Segments [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 10 - SEGMENT INFORMATION

For the years ended December 31, 2011 and 2010, the Company operated in two reportable business segments - (1) the manufacture of dyeing and finishing equipment segment and (2) the manufacture of forged rolled rings and related components for the wind power and other industries segment, which also includes the manufacture of the Company’s solar industry products. The Company's reportable segments are strategic business units that offer different products. They are managed separately based on the fundamental differences in their operations.  All of the Company’s operations are conducted in the PRC. Information with respect to these reportable business segments for the years ended December 31, 2011 and 2010 is as follows:

	2011			2010
Revenues:
Dyeing and finishing equipment	$	17,733,072		$	21,217,431
Forged rolled rings and related components		37,846,190			58,331,178
		55,579,262			79,548,609
Depreciation:
Dyeing and finishing equipment		934,780			529,828
Forged rolled rings and related components		4,416,579			2,662,834
		5,351,359			3,192,662
Interest expense:
Dyeing and finishing equipment		-			-
Forged rolled rings and related components		193,709			99,485
Other (a)		-			47,943
		193,709			147,428
Net income (loss):
Dyeing and finishing equipment		2,098,426			2,406,232
Forged rolled rings and related components		4,586,263			9,925,017
Other (a)		(924,146	)		(1,256,917	)
		5,760,543			11,074,332
Identifiable long-lived tangible assets at December 31, 2011 and 2010 by segment:
Dyeing and finishing equipment	$	12,111,684		$	6,033,004
Forged rolled rings and related components		51,930,395			48,709,989
	$	64,042,079		$	54,742,993
Identifiable long-lived tangible assets at December 31, 2011 and 2010 by geographical location:
China	$	64,042,079		$	54,742,993
United States		-			-
	$	64,042,079		$	54,742,993

(a)           The Company does not allocate any general and administrative expenses of its U.S. activities to its reportable segments, because these activities are managed at a corporate level.