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CONSOLIDATED CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Sales        
Net sales $ 70,295,981 $ 65,872,533 $ 161,233,929 $ 147,116,265
Cost of goods sold        
Cost of goods sold 44,135,266 44,126,828 93,752,011 92,243,654
Gross profit 26,160,715 21,745,705 67,481,918 54,872,611
Operating expenses        
Selling expenses 11,120,692 3,872,492 25,723,977 10,044,863
General and administrative expenses 3,463,127 1,348,802 11,368,835 7,381,015
Impairment of assets 1,659,729 0 1,659,729 0
Total operating expenses 16,243,548 5,221,294 38,752,541 17,425,878
Income from operations 9,917,167 16,524,411 28,729,377 37,446,733
Other income (expense)        
Other income (expense) 65,563 212,344 (120,877) 609,724
Interest income 37,587 73,879 114,675 235,028
Interest expense (472,104) (268,455) (1,009,528) (1,020,694)
Total other income (expense) (368,954) 17,768 (1,015,730) (175,942)
Income before income taxes 9,548,213 16,542,179 27,713,647 37,270,791
Provision for income taxes 2,339,082 3,131,520 6,450,322 6,757,404
Net income 7,209,131 13,410,659 21,263,325 30,513,387
Other comprehensive income        
Foreign currency translation gain (loss) (2,838,362) 1,541,434 803,434 1,696,220
Comprehensive income 4,370,769 14,952,093 22,066,759 32,209,607
Basic weighted average shares outstanding (in shares) 31,825,562 27,939,780 31,201,076 27,682,345
Basic net earnings per share (in dollars per share) $ 0.23 $ 0.48 $ 0.68 $ 1.10
Diluted weighted average shares outstanding (in shares) 31,825,562 27,939,780 31,201,076 27,682,345
Diluted net earnings per share (in dollars per share) $ 0.23 $ 0.48 $ 0.68 $ 1.10
Jinong [Member]
       
Sales        
Net sales 30,210,579 27,051,929 88,261,203 77,857,756
Cost of goods sold        
Cost of goods sold 12,174,848 12,502,786 37,013,941 35,994,694
Operating expenses        
Income from operations 5,487,505 11,406,985 23,924,484 31,418,916
Other income (expense)        
Provision for income taxes     3,698,296 4,746,988
Net income 4,658,433 9,756,153 20,317,816 26,893,836
Gufeng [Member]
       
Sales        
Net sales 39,080,111 37,690,762 70,318,209 66,612,586
Cost of goods sold        
Cost of goods sold 31,258,885 30,844,656 54,759,629 54,339,165
Operating expenses        
Income from operations 6,355,545 5,642,544 12,059,529 8,821,041
Other income (expense)        
Provision for income taxes     2,752,026 2,010,416
Net income 4,419,560 4,178,836 8,142,956 5,848,880
Yuxing [Member]
       
Sales        
Net sales 1,005,291 1,129,842 2,654,517 2,645,923
Cost of goods sold        
Cost of goods sold 701,533 779,386 1,978,441 1,909,795
Operating expenses        
Income from operations 111,507 171,500 218,049 260,155
Other income (expense)        
Net income $ 168,523 $ 172,275 $ 275,229 $ 823,911