CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2014	Jun. 30, 2013
Current Assets
Cash and cash equivalents	$ 23,887,359	$ 75,031,489
Accounts receivable, net	87,361,396	85,323,442
Inventories	72,315,948	34,511,167
Prepaid expenses and other current assets	391,160	397,897
Advances to suppliers	21,338,781	20,224,206
Assets held for sale	10,060,219	11,676,736
Total Current Assets	215,354,863	227,164,937
Plant, Property and Equipment, Net	74,246,649	89,604,787
Construction In Progress	48,853	68,414
Deferred asset, Net	59,314,664	0
Other Assets	70,366	97,432
Intangible Assets, Net	25,611,475	26,608,013
Goodwill	5,200,781	5,184,759
Total Assets	379,847,651	348,728,342
Current Liabilities
Accounts payable	3,036,980	3,375,333
Unearned revenue	6,371,128	1,433,661
Accrued expenses and other payables	4,206,784	3,934,184
Amount due to related parties	1,557,616	1,304,013
Taxes payable	9,669,371	25,728,759
Short term loans	28,856,940	16,099,100
Total Current Liabilities	53,698,819	51,875,050
Commitment and Contingencies
Stockholders' Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $.001 par value, 115,197,165 shares authorized, 31,820,177 and 29,943,236 shares issued and outstanding as of December 31, 2013 and June 30, 2013, respectively	31,829	29,943
Additional paid-in capital	113,189,804	105,962,909
Statutory reserve	22,245,129	20,121,905
Retained earnings	168,065,226	148,925,125
Accumulated other comprehensive income	22,616,844	21,813,410
Total Stockholders' Equity	326,148,832	296,853,292
Total Liabilities and Stockholders' Equity	$ 379,847,651	$ 348,728,342