v2.4.0.6

Consolidated Income Statement (USD $)	12 Months Ended
Consolidated Income Statement (USD $)	Dec. 31, 2011	Dec. 31, 2010
Revenues
Cornstarch	$ 65,334,349	$ 32,989,848
Glucose	12,663,001	8,934,164
Others	240,559	129,117
Total Revenues	78,237,909	42,053,129
Cost of Sales
Cornstarch	(58,165,094)	(28,754,128)
Glucose	(9,807,828)	(7,748,407)
Others	(103,475)	(83,978)
Total Cost of Sales	(68,076,397)	(36,586,513)
Gross Profit	10,161,512	5,466,616
Operating expenses
Selling and distribution	(1,412,541)	(1,003,500)
General and administrative	(752,102)	(251,610)
Total Operating Expenses	(2,164,643)	(1,255,110)
Interest income	29,639	30,316
Interest expenses	(956,519)	(409,088)
Foreign exchange loss	(2,348)	(28)
Gain/(Loss) from disposals of fixed assets	(83,143)	90,663
Other income, net	297,975	4,281
Income Before Income Tax Expenses	7,282,473	3,927,650
Income tax expenses (Note 8)	(1,847,463)	(1,021,064)
NET INCOME	$ 5,435,010	$ 2,906,586
Basic and diluted weighted average shares outstanding	13,127,833	12,894,500
Basic net earnings per share	$ 0.41	$ 0.23

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