RESTRICTED NET ASSETS (Tables)

12 Months Ended

Jun. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets	As of June 30,
	2015		2014
ASSETS
Current Assets:
Cash and cash equivalents	$	306,376	$	117,939
Other current assets		2,977		1,908
Total Current Assets		309,353		119,847
Long-term equity investment		377,245,446		335,598,200
Total long term assets		377,245,446		335,598,200
Total Assets	$	377,554,799	$	335,718,047
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	214,520	$	214,520
Amount due to related parties		888,743		588,343
Other payables and accrued expenses		3,502,062		2,875,392
Total Current Liabilities		4,605,325		3,678,255
Stockholders' Equities
Common stock, $.001 par value, 115,197,165 shares authorized, 32,362,534 and 29,943,236, shares issued and outstanding as of June 30, 2015 and 2014, respectively		35,905		32,362
Additional paid in capital		123,360,384		114,605,214
Accumulated other comprehensive income		25,708,238		22,840,491
Retained earnings		223,844,947		194,561,725
Total Stockholders' Equity		372,949,474		332,039,792
Total Liabilities and Stockholders' Equity	$	377,554,799	$	335,718,047

Condensed Income Statement [Table Text Block]

Condensed Statements of Operations	Year ended June 30,
	2015		2014		2013
Revenue	$	-	$	-	$	-
General and administrative expenses		6,560,980		9,132,587		3,941,195
Interest income (expense)		200		20		142
Equity investment in subsidiaries		38,005,906		34,647,262		48,715,101
Net income	$	31,445,126	$	25,514,695	$	44,774,048

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows	Year Ended June 30,
	2015		2014		2013
Net cash provided by (used in) operating activities	$	188,437	$	55,640	$	(215,239)
Net cash provided by (used in) investing activities		-
Net cash provided by financing activities		-
Cash and cash equivalents, beginning balance		117,939		62,299		277,538
Cash and cash equivalents, ending balance	$	306,376	$	117,939	$	62,299