Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current Assets
Cash and cash equivalents	$ 116,574,852	$ 102,896,486
Accounts receivable, net	125,035,022	117,055,376
Inventories	64,255,981	87,436,315
Prepaid expenses and other current assets	1,725,644	1,329,098
Advances to suppliers, net	28,707,243	26,863,959
Total Current Assets	336,298,742	335,581,234
Plant, Property and Equipment, Net	34,201,866	37,569,739
Deferred Asset, Net	3,536,984	13,431,621
Other Assets	309,495	379,047
Intangible Assets, Net	21,993,441	23,840,048
Goodwill	7,635,779	7,980,838
Total Assets	403,976,307	418,782,527
Current Liabilities
Accounts payable	5,577,064	5,246,153
Customer deposits	5,413,319	8,578,341
Accrued expenses and other payables	9,067,827	16,414,392
Amount due to related parties	2,726,125	2,473,004
Taxes payable	1,841,182	4,104,218
Short term loans	4,463,783	4,665,500
Interest payable	110,155
Derivative liability	64,780	144,818
Total Current Liabilities	29,264,235	41,626,426
Long-term Liabilities
Convertible notes payable	6,534,263	6,671,769
Total Liabilities	35,798,498	48,298,195
Stockholders' Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding
Common stock, $.001 par value, 115,197,165 shares authorized, 38,518,605 and 36,978,605 shares issued and outstanding as of December 31, 2016 and June 30, 2016, respectively	38,518	37,648
Additional paid-in capital	128,876,011	127,593,932
Statutory reserve	28,317,770	27,203,861
Retained earnings	233,088,961	221,345,279
Accumulated other comprehensive loss	(22,143,451)	(5,696,388)
Total Stockholders' Equity	368,177,809	370,484,332
Total Liabilities and Stockholders' Equity	$ 403,976,307	$ 418,782,527