SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2012
Summary of Financial Information Concerning Reportable Segments

Summarized financial information concerning the Company’s reportable segments is shown in the following table for the three and six months ended June 30, 2012 and 2011:

 

    Three months ended June 30, 2012  
    Valves
manufacturing
business		    

 

Energy-saving

related business

    

 

 

Total

  
Operating revenues, net:                        
- Products   $ 2,594,974     $  -     $ 2,594,974  
- Services     707,650       -       707,650  
Total operating revenues     3,302,624       -       3,302,624  
Cost of revenues     2,792,866       -       2,792,866  
                         
Gross profit     509,758       -       509,758  
Depreciation and amortization     212,238       -       212,238  
Total assets     43,899,083       -       43,899,083  
Expenditure for long-lived assets   $ 467,837     $ -     $ 467,837  

 

    Six months ended June 30, 2012  
    Valves
manufacturing
business		     Energy-saving
related business		    

 

 

Total

  
Operating revenues, net:                        
- Products   $ 3,234,736     $ -     $ 3,234,736  
- Services     1,266,259       -       1,266,259  
Total operating revenues     4,500,995       -       4,500,995  
Cost of revenues     3,570,706       -       3,570,706  
                         
Gross profit   $ 930,289     $ -     $ 930,289  
Depreciation and amortization     382,036       -       382,036  
Total assets     43,899,083       -       43,899,083  
Expenditure for long-lived assets   $ 473,910     $ -     $ 473,910  

 

    Three months ended June 30, 2011  
    Heavy
manufacturing
business		    

 

Energy-saving

related business

    

 

 

Total

  
Operating revenues, net:                        
- Products   $ 4,103,236     $ -     $ 4,103,236  
- Services     783,160       -       783,160  
Total operating revenues     4,886,396       -       4,886,396  
Cost of revenues     3,763,915       -       3,763,915  
                         
Gross profit   $ 1,122,481     $ -     $ 1,122,481  
Depreciation and amortization     145,736       -       145,736  
Total assets     37,094,694       -       37,094,694  
Expenditure for long-lived assets   $ 2,373,158     $ -     $ 2,373,158  

 

    Six months ended June 30, 2011  
    Heavy
manufacturing
business		    

 

Energy-saving

related business

    

 

 

Total

  
Operating revenues, net:                        
- Products   $ 5,254,668     $ -     $ 5,254,668  
- Services     2,247,129       -       2,247,129  
Total operating revenues     7,501,797       -       7,501,797  
Cost of revenues     5,579,834       -       5,579,834  
                         
Gross profit   $ 1,921,963     $ -     $ 1,921,963  
Depreciation and amortization     289,976       -       289,976  
Total assets     37,094,694       -       37,094,694  
Expenditure for long-lived assets   $ 2,566,246     $ -     $ 2,566,246