RESTRICTED NET ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Restricted Net Assets [Abstract]

Schedule Of Parent Companies Condensed Balance Sheet Table [Text Block]

Condensed Balance Sheets	As of June 30,
	2012		2011
ASSETS
Current Assets:
Cash and cash equivalents	$	277,538	$	964,149
Other current assets		1,908		8,575
Total Current Assets		279,446		972,724
Long-term equity investment		243,711,250		192,634,559
Total long term assets		243,711,250		192,634,559
Total Assets	$	243,990,696	$	193,607,283
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	64,520	$	64,520
Amount due to related parties		38,343		38,343
Other payables and accrued expenses		1,631,179		1,631,179
Total Current Liabilities		1,734,042		1,734,042
Stockholders' Equity
Common stock, $.001 par value, 115,197,165 shares authorized, 27,455,722 and 26,845,860, shares issued and outstanding as of June 30, 2012 and 2011, respectively		27,456		26,846
Additional paid in capital		102,175,709		98,627,482
Accumulated other comprehensive income		15,780,507		10,903,756
Retained earnings		124,272,982		82,315,157
Total Stockholders' Equity		242,256,654		191,873,241
Total Liabilities and Stockholders' Equity	$	243,990,696	$	193,607,283

Schedule Of Parent Companies Condensed Income Statement Table [Text Block]

Condensed Statements of Operations	Year ended June 30,
	2012		2011		2010
Revenue	$	-	$	-	$	-
General and administrative expenses		5,707,065		6,835,360		2,646,338
Interest income		347		4,178		21,342
Equity investment in subsidiaries		47,664,543		39,745,283		23,914,754
Net income	$	41,957,825	$	32,914,101	$	21,289,758

Schedule Of Parent Companies Condensed Cash Flow Statement Table [Text Block]

Condensed Statements of Cash Flows	Year ended June 30,
	2012			2011			2010
Net cash provided by (used in) operating activities	$	(1,286,612	)	$	(2,341,980	)	$	(1,156,400	)
Net cash provided by (used in) investing activities		-			(6,720,539	)		86,457
Net cash provided by financing activities		600,001			6,717,632			4,350,480
Cash and cash equivalents, beginning balance		964,149			3,309,036			28,499
Cash and cash equivalents, ending balance	$	277,538		$	964,149		$	3,309,036