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CONSOLIDATED CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Sales        
Net sales $ 41,730,992 $ 47,093,997 $ 81,243,732 $ 100,196,591
Cost of goods sold        
Cost of goods sold 25,537,459 30,704,512 48,116,826 64,898,374
Gross profit 16,193,533 16,389,485 33,126,906 35,298,217
Operating expenses        
Selling expenses 3,138,284 2,414,748 6,172,371 4,905,222
General and administrative expenses 3,156,271 3,778,982 6,032,213 6,917,677
Total operating expenses 6,294,555 6,193,730 12,204,584 11,822,899
Income from operations 9,898,978 10,195,755 20,922,322 23,475,318
Other income (expense)        
Other income 397,980 89,090 397,380 63,666
Interest income 86,717 90,116 161,149 187,603
Interest expense, net (366,447) (399,868) (752,239) (556,347)
Total other income (expense) 118,250 (220,662) (193,710) (305,078)
Income before income taxes 10,017,228 9,975,093 20,728,612 23,170,240
Provision for income taxes 1,775,900 2,231,215 3,625,884 4,694,726
Net income 8,241,328 7,743,878 17,102,728 18,475,514
Other comprehensive income        
Foreign currency translation gain 619,139 1,439,096 154,786 3,343,242
Comprehensive income 8,860,467 9,182,974 17,257,514 21,818,756
Basic weighted average shares outstanding (in shares) 27,651,920 26,941,860 27,561,556 26,899,599
Basic net earnings per share (in dollars per share) $ 0.30 $ 0.29 $ 0.62 $ 0.69
Diluted weighted average shares outstanding (in shares) 27,651,920 26,941,860 27,561,556 26,899,599
Diluted net earnings per share (in dollars per share) $ 0.30 $ 0.29 $ 0.62 $ 0.69
Jinong [Member]
       
Sales        
Net sales 22,954,851 18,989,156 50,805,827 41,231,407
Cost of goods sold        
Cost of goods sold 10,652,410 7,559,477 23,491,908 15,669,607
Operating expenses        
Income from operations 8,400,320 9,258,832 20,011,931 21,446,280
Other income (expense)        
Interest expense, net 0 0 0 0
Provision for income taxes     3,024,887 3,239,986
Net income 7,200,039 7,928,204 17,137,626 18,357,698
Gufeng [Member]
       
Sales        
Net sales 17,984,853 25,958,438 28,921,824 55,571,529
Cost of goods sold        
Cost of goods sold 14,304,747 20,692,393 23,494,509 45,962,063
Operating expenses        
Income from operations 2,489,858 3,673,793 3,178,497 6,282,382
Other income (expense)        
Interest expense, net (366,447) (399,868) (752,239) (556,347)
Provision for income taxes     600,997 1,454,740
Net income 1,462,374 2,372,435 1,670,044 4,190,331
Jintai [Member]
       
Sales        
Net sales 0 2,115,689 0 3,314,576
Cost of goods sold        
Cost of goods sold 0 2,258,064 0 3,006,894
Operating expenses        
Income from operations 0 (1,255,392) 0 (1,244,933)
Other income (expense)        
Net income 47 (1,255,300) 57 (1,244,799)
Yuxing [Member]
       
Sales        
Net sales 791,288 30,714 1,516,081 79,079
Cost of goods sold        
Cost of goods sold 580,302 194,578 1,130,409 259,810
Operating expenses        
Income from operations 26,526 (199,728) 88,655 (240,458)
Other income (expense)        
Net income $ 596,544 $ (19,735) $ 651,636 $ (60,066)