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Tuesday, February 16, 2010
For The Years Ended September 30,
  
   
2009
    
2008
  
             
Net sales
     26,189,005       8,736,948  
                 
Cost of goods sold
     (17,103,199 )     (4,755,438 )
                 
Gross profit
     9,085,806       3,981,510  
                 
Selling, general and administrative expenses
          
Selling expenses
     (200,248 )     (1,219,004 )
General and administrative expenses
     (1,095,884 )     (595,702 )
Total SG&A expenses
     (1,296,132 )     (1,814,706 )
                 
Income from operations
     7,789,674       2,166,804  
                 
Non-operating income (expenses):
                
Interest income (expenses)
     (19,506 )     (28,466 )
Other expenses
     -       (5,121 )
Total non-operating income (expenses)
     (19,506 )     (33,587 )
                 
Income before income taxes
     7,770,168       2,133,217  
                 
Provision for income taxes (benefit)
                
Current
     1,366,290       3,729  
Deferred
     386,290       540,163  
                 
Net income
   $ 6,017,588     $ 1,589,325  
                 
Less: net income attributable to the noncontrolling interest
     18,005       (7,791 )
                 
Net Income attributable to the Company
     5,999,583       1,597,116  
                 
Other comprehensive item
                
Foreign currency translation gain(loss)
     28,605       (230,194 )
                 
Comprehensive Income
   $ 6,028,188     $ 1,366,922  
                 
                 
Basic and diluted income per share
   $ 0.36     $ 0.09  
                 
Weighted average number of shares
     16,880,000       16,880,000  
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