China Changjiang Mining & New Energy (CHJI) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013
Document And Entity Information	'
Entity Registrant Name	'CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.
Entity Central Index Key	'0000029952
Document Type	'10-Q
Document Period End Date	30-Sep-13
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Is Entity a Well-known Seasoned Issuer	'No
Is Entity a Voluntary Filer	'No
Is Entity's Reporting Status Current	'Yes
Entity Filer Category	'Smaller Reporting Company
Entity Common Stock, Shares Outstanding	64,629,559
Document Fiscal Period Focus	'Q3
Document Fiscal Year Focus	'2013

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and cash equivalents	$537,834	$1,763,381
Restricted cash	'	1,113,674
Deferred tax assets	'	14,326
Other current assets and prepayments (Note 2)	166,164	107,217
Total Current Assets	703,998	2,998,598
Property, plant and equipment, net (Note 3)	394,590	102,280
Construction in progress (Note 3)	'	280,178
Land use rights, net	16,838,878	16,775,962
Long-term investment	316,954	312,931
Due from related parties (Note 4)	6,674,626	2,863,074
TOTAL ASSETS	24,929,046	23,333,023
LIABILITIES & SHAREHOLDERS' EQUITY	'	'
Other payables and accrued liabilities (Note 5)	1,315,746	705,132
Notes payable - related parties (Note 6)	434,137	434,137
Advance from customer	'	1,431,867
Total Current Liabilities	1,749,883	2,571,136
Due to related parties (Note 6)	1,855,396	1,858,861
Due to shareholders (Note 7)	4,277,506	4,186,907
Payable on acquisition of a subsidiary	2,032,035	1,987,583
Total Long-term Liabilities	8,164,937	8,033,351
SHAREHOLDERS' EQUITY	'	'
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of December 31, 2012 and September 30, 2013)	'	'
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2012 and September 30, 2013)	646,295	646,295
Treasury stock	-489,258	-489,258
Additional paid-in capital	13,916,844	13,916,844
Retained earnings	-3,683,319	-4,946,453
Non-controlling interests	2,094,799	1,389,550
Accumulated other comprehensive income	2,528,865	2,211,558
TOTAL SHAREHOLDERS' EQUITY	15,014,226	12,728,536
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$24,929,046	$23,333,023

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
SHAREHOLDERS' EQUITY	'	'
Series C Convertible preferred stock, par value	$0.01	$0.01
Series C Convertible preferred stock, Authorized	10,000,000	10,000,000
Series C Convertible preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, Authorized	250,000,000	250,000,000
Common stock, Issued	64,629,559	64,629,559
Common stock, outstanding	64,629,559	64,629,559

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements Of Income And Comprehensive Income Loss	'	'	'	'
Sales revenue - related party (Note 8)	$303,091	$295,876	$904,814	$889,898
Cost of revenue	16,973	16,569	50,670	49,834
Gross Profit	286,118	279,307	854,144	840,064
Operating expenses (income)	'	'	'	'
Administrative expenses	109,249	111,041	316,334	199,347
Gain on disposal of assets (Note 9)	-5,628	'	-2,284,956	'
Depreciation	11,730	6,924	25,261	20,412
Amortization	103,449	100,986	308,825	303,734
Total operating expenses	218,800	218,951	-1,634,536	523,493
Income from operations	67,318	60,356	2,488,680	316,571
Other Income (Expenses)	'	'	'	'
Interest income	7,219	'	52,680	73
Interest expenses	-805	757	-1,635	757
Other expenses	-99	-346	-7,687	-13,107
Total Other Income (Expense)	6,315	411	43,358	-12,277
Income (Loss) before tax	73,633	60,767	2,532,038	304,294
Income tax expense (benefit) (Note 10)	-23,721	-5,538	563,655	-13,999
Net Income	97,354	66,305	1,968,383	318,293
Net income attributable to:	'	'	'	'
Non-controlling interests	-8,150	-7,172	705,249	-12,263
Common Stockholders	105,504	73,477	1,263,134	330,556
Other comprehensive income (loss)	'	'	'	'
Foreign currency translation adjustments	72,911	-32,283	317,307	-82,555
Total Comprehensive Income	$170,265	$34,022	$2,285,690	$235,738
Weighted average shares-Basic	64,629,559	64,629,559	64,629,559	64,629,559
Weighted average shares-Diluted	64,629,559	64,629,559	64,629,559	64,629,559
Earnings (loss) per share	'	'	'	'
Basic	$0	$0	$0.03	$0
Diluted	$0	$0	$0.03	$0

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$1,968,383	$318,293
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	334,086	324,146
Deferred tax assets	14,646	-13,867
Adjustment for gain on disposal of mine	-2,284,956	'
Changes in operating assets and liabilities:	'	'
Other current assets and prepayments	-56,550	88,442
Other payables and accrued liabilities	529,914	-42,355
Advance from customers	-321,712	315,408
CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES	183,811	990,067
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchase of property, plant and equipment	-63,706	-1,004
Proceeds from disposal of mines	2,412,836	'
Due from related parties	-3,747,519	-313,239
CASH USED IN INVESTING ACTIVITIES	-1,398,389	-314,243
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from minority interest investment	'	774,593
Proceeds from (repayment to) related parties	-45,039	292,209
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	-45,039	1,066,802
Effect of exchange rate changes on cash and cash equivalents	34,070	11,316
NET INCREASE (DECREASE) IN CASH	-1,225,547	1,753,942
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	1,763,381	20,932
CASH AND CASH EQUIVALENTS AT END OF YEAR	537,834	1,774,874
Supplementary Disclosures for Cash Flow Information:	'	'
Income taxes paid	'	'
NON-CASH INVESTING AND FINANCING ACTIVITIES	'	'
Changes in restricted cash related to advance from customer	'	$1,103,927

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	The accounting policies and methods followed in preparing these unaudited condensed consolidated financial statements are those used by China Changjiang Mining And New Energy company Ltd (the ‘Company’) as described in Special Notes of the notes to consolidated financial statements included in Annual Report on Form 10-K for the year ended December 31,2012. The unaudited condensed consolidated financial statements for the nine-month period ended September 30, 2013 and 2012 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and do not conform in all respects to the disclosure and information that is required for annual consolidated financial statements. The year-end condensed consolidated balance sheet data was derived from audited consolidated financial statements, but does not include all disclosure required by accounting principles generally accepted in the United States of America. These interim condensed consolidated financial statements should be read in conjunction with the most recent annual consolidated financial statements of the Company.
	In the opinion of management, all adjustments, all of which are of a normal recurring nature, considered necessary for fair statement have been included in these interim condensed consolidated financial statements. Operating results for the nine-month period ended September 30, 2013 are not indicative of the results that may be expected for the full year ending December 31, 2013.
	(a)	Foreign Currency Translation
	Exchange rates applied for the foreign currency translation during the period are as follows:
	USD to RMB
			30-Sep-13		December
					31, 2012
	Period end USD : RMB exchange rate			6.148		6.2855
	Average periodic USD : RMB exchange rate			6.2168		6.3125
	USD to HKD
			30-Sep-13		December
					31, 2012
	Period end USD : HKD exchange rate			7.7538		7.7522
	Average periodic USD : HKD exchange rate			7.7531		7.7986
	HKD is pegged to USD and hence there is no significant translation adjustment impact on these consolidated financial statements.
	RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation.
	(b)	Earning/Loss per share
	Basic earning/loss per share is computed by dividing earning/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earning/loss per share is computed in a manner similar to basic earning/loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

OTHER_CURRENT_ASSETS_AND_PREPA

OTHER CURRENT ASSETS AND PREPAYMENTS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 2 - OTHER CURRENT ASSETS AND PREPAYMENTS	'
	Other current assets and prepayments of $166,164 mainly represent the small amount of advances to the employees.

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 3 - PROPERTY, PLANT AND EQUIPMENT	'
	The following is a summary of property, plant and equipment:
		September 30,		December 31,
		2013		2012
	Cost	$	-	$	-
	Motor vehicles		264,047		258,271
	Office equipment		61,654		67,741
	EPC projects equipment		318,394		-
	Total		644,095		326,012
	Accumulated depreciation		-249,505		(223,732	)
	Property, plant & equipment, net		394,590		102,280
	The additional EPC projects equipment of $318,394 was the installed solar photovoltaic power generation equipments located in Huanghe Bay, Qiachuan County, Shaanxi Province, PRC. It was transferred from Construction In Progress in June, 2013.

DUE_FROM_RELATED_PARTIES_NON_C

DUE FROM RELATED PARTIES - NON CURRENT	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 4 - DUE FROM RELATED PARTIES - NON CURRENT	'
	The balance of $6,674,626 due from related parties represents the loan owed from related parties, which are unsecured and repayable on demand.
	Due from related parties consists of the following:
		September 30,		December 31,		Interest
		2013		2012
	Du Kang Liquor Development Co., Ltd	$	813,273		795,482	interest free for the first year and bear interest in the benchmark lending rate over the same period afterwards
	Shaanxi Du Kang Liquor Group Co., Ltd	$	2,879,489		-	bearing interest in the benchmark lending rate over the same period
	Zhongke Aerospace & Agriculture Development Stock Co.,Ltd	$	459,499		449,447	interest free
	Shaanxi Huanghe Bay Springs Lake Theme Park Ltd	$	2,134,841		1,193,222	interest free
	Shaanxi Changfa Industrial Co., LTD	$	374,105		365,922	interest free
	Mr. Chen Weidong	$	-		45,876	interest free
	Shaanxi Changjiang Zhongxiayou Investment Co.,Ltd	$	13,419		13,125	interest free
	Total		6,674,626		2,863,074
	The balance of $45,876 as of December 31, 2012 was the advance to our CEO for the Company's business.

OTHER_PAYABLES_AND_ACCRUED_LIA

OTHER PAYABLES AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 5 - OTHER PAYABLES AND ACCRUED LIABILITIES	'
	The following is a summary of other payables and accrued liabilities:
		September 30,		December 31,
		2013		2012
	Tax payable	$	1,135,420	$	510,173
	Salary and welfare payable		25,288		24,734
	Other payable		155,038		170,225
		$	1,315,746	$	705,132
	The tax payable of $1,135,420 includes income tax payable of $849,030, business tax payable of $278,953 and other tax payable of $7,437.

DUE_TO_RELATED_PARTIES

DUE TO RELATED PARTIES	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 6 - DUE TO RELATED PARTIES	'
	The current liability related party notes payable of $434,137 represents the notes payable to a related party, interest rate of 8% per annum, guaranteed by a note receivable from a third party.
	The non-current liability balance of $1,855,396 due to related parties represents the loan owed to related parties, which are interest free, unsecured and repayable on demand twelve months after September 30, 2013.
	Due to related parties consists of the following:
		September 30,		December 31,
		2013		2012
	Due to Huiton World Property Superintendent Company	$	406,637		397,741
	Due to Zhongke Lvxiang Development Stock Co., Ltd	$	1,138,582		1,113,674
	Due to Shaanxi Changjiang Electricity & New Energy Co.,Ltd	$	299,426		292,876
	Due to Baishui Du Kang Brand Management Co.,Ltd	$	9,759		9,546
	Due to Shaanxi Xidenghui Technology Co. Ltd.	$	992		970
	Due to Shaanxi Dukang Liquor Group Co.,Ltd	$	-		44,054
	Total	$	1,855,396		1,858,861

DUE_TO_SHAREHOLDERS

DUE TO SHAREHOLDERS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 7 - DUE TO SHAREHOLDERS	'
	The balance of $4,277,506 due to shareholders represents the loan owed to the shareholders, which are interest free, unsecured and repayable on demand twelve months after September 30, 2013.
	Due to shareholders consists of the following.
		September 30,		December 31,
		2013		2012
	Due to Wang Shengli	$	2,242,011		2,192,966
	Due to Zhang Hongjun		1,425,993		1,394,798
	Due to Chen Min	$	609,502		599,143
			4,277,506		4,186,907

SALES_REVENUERELATED_PARTY

SALES REVENUE-RELATED PARTY	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 8 - SALES REVENUE-RELATED PARTY	'
	The Company entered into a lease and complementary agreements with the related company Huanghe dated July 26, 2010. According to the agreements, a piece of land with the area of 5,706,666.67 square meters was leased to Huanghe for traveling and amusement from January 1, 2011 to December 31, 2029. The annual rent in US dollars is approximately $1.2 million (equivalent to RMB7, 500,000). The rent revenue of $904,814 was recognized for the nine months ended September 30, 2013, compared with the rent revenue of $889,898 for the nine months ended September 30, 2012.

GAIN_ON_DISPOSAL_OF_ASSETS

GAIN ON DISPOSAL OF ASSETS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 9 - GAIN ON DISPOSAL OF ASSETS	'
	At the beginning of 2013, the Company transferred its mines exploration rights to Xunyang County Yongjin Mining Co.,Ltd for business purpose with a consideration of $2,412,836 (RMB15,000,000). The transaction procedures were completed and the outstanding amount was settled as of September 30, 2013.
	The gain on disposal of assets consists of the consideration and the total of $127,880 for the related business tax and the surcharges.

INCOME_TAX

INCOME TAX	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 10 - INCOME TAX	'
	The provision for taxes on earnings consisted of:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013			2012
	PRC Enterprise Income Tax (Benefit)		$	-23,721		-5,538		$	563,655		-13,999
	United States Federal Income Tax					-			-		-
	Income tax, net			-23,721		-5,538			563,655		-13,999
	The income taxes expense (benefit), which is all incurred in PRC, consists of the following:
			For the three months ended					For the nine months ended
			September 30,					September 30,
			2013		2012			2013		2012
	Current income tax expense		$	-23,721		-		$	563,655		-
	Deferred income tax expense (benefit)					-5,538					-13,999
	Income tax, net			-23,721		-5,538			563,655		-13,999

RELATED_PARTY_TRANSACTIONS_REV

RELATED PARTY TRANSACTIONS - REVENUE	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 11 - RELATED PARTY TRANSACTIONS - REVENUE	'
	In addition to the other transactions and balances disclosed elsewhere in the financial statements, the Company leased the land use right to Huanghe, a company with the same controlling person, and generated rent revenue of $904,814 for the nine months ended September 30, 2013.

SEGMENT_INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 12 - SEGMENT INFORMATION	'
	The Company operates in two reportable segments, land use right leasing and solar PV energy. Summarized information by business segment for the three and nine months ended September 31, 2013 and 2012 is as follows.
		For the three months ended				For the nine months ended
		September 30,				September 30,
		2013		2012		2013		2012
	Revenue
	Land use right leasing	$	303,091		295,876	$	904,814		889,898
	Solar PV energy
	Cost of revenue
	Land use right leasing		16,973		16,569		50,670		49,834
	Solar PV energy
	Gross Profits
	Land use right leasing		286,118		279,307		854,144		840,064
	Solar PV energy
	The Company evaluates segment performance based on income from operations. As a result, the components of operating income for one segment may not be comparable to another segment.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2013
Subsequent Event	'
Note 13. SUBSEQUENT EVENT	'
	The Baisui Project was approved by the Development & Reform Commission of Baisui County, Weinan City, Shaanxi Province, and is applying for the approval of the Development & Reform Commission of Weinan City, Shaanxi Province as of the report date. The Company expects to commence construction upon obtaining the approval of Development & Reform Commission of Weinan City at the end of 2013.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Policies	'
Foreign Currency Translation	'
	Exchange rates applied for the foreign currency translation during the period are as follows:
	USD to RMB
		30-Sep-13		December
				31, 2012
	Period end USD : RMB exchange rate		6.148		6.2855
	Average periodic USD : RMB exchange rate		6.2168		6.3125
	USD to HKD
		30-Sep-13		31-Dec-12
	Period end USD : HKD exchange rate		7.7538		7.7522
	Average periodic USD : HKD exchange rate		7.7531		7.7986
	HKD is pegged to USD and hence there is no significant translation adjustment impact on these consolidated financial statements.
	RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation.
Earning/Loss per share	'
	Basic earning/loss per share is computed by dividing earning/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earning/loss per share is computed in a manner similar to basic earning/loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Tables	'
Exchange rates applied for foreign currency translation	'
	Exchange rates applied for the foreign currency translation during the period are as follows:
	USD to RMB
		30-Sep-13		December
				31, 2012
	Period end USD : RMB exchange rate		6.148		6.2855
	Average periodic USD : RMB exchange rate		6.2168		6.3125
	USD to HKD
		30-Sep-13		31-Dec-12
	Period end USD : HKD exchange rate		7.7538		7.7522
	Average periodic USD : HKD exchange rate		7.7531		7.7986

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Tables	'
Property plant and equipment	'
	The following is a summary of property, plant and equipment:
		September 30,		December 31,
		2013		2012
	Cost	$	-	$	-
	Motor vehicles		264,047		258,271
	Office equipment		61,654		67,741
	EPC projects equipment		318,394		-
	Total		644,095		326,012
	Accumulated depreciation		-249,505		(223,732	)
	Property, plant & equipment, net		394,590		102,280

DUE_FROM_RELATED_PARTIES_NON_C1

DUE FROM RELATED PARTIES - NON CURRENT (Tables)	9 Months Ended
	Sep. 30, 2013
Due From Related Parties - Non Current Tables	'
Due from related parties	'
	Due from related parties consists of the following:
		September 30,		December 31,		Interest
		2013		2012
	Du Kang Liquor Development Co., Ltd	$	813,273		795,482	interest free for the first year and bear interest in the benchmark lending rate over the same period afterwards
	Shaanxi Du Kang Liquor Group Co., Ltd	$	2,879,489		-	bearing interest in the benchmark lending rate over the same period
	Zhongke Aerospace & Agriculture Development Stock Co.,Ltd	$	459,499		449,447	interest free
	Shaanxi Huanghe Bay Springs Lake Theme Park Ltd	$	2,134,841		1,193,222	interest free
	Shaanxi Changfa Industrial Co., LTD	$	374,105		365,922	interest free
	Mr. Chen Weidong	$	-		45,876	interest free
	Shaanxi Changjiang Zhongxiayou Investment Co.,Ltd	$	13,419		13,125	interest free
	Total		6,674,626		2,863,074

OTHER_PAYABLES_AND_ACCRUED_EXP

OTHER PAYABLES AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2013
Other Payables And Accrued Expenses Tables	'
Summary of other payables and accrued liabilities	'
	The following is a summary of other payables and accrued liabilities:
		September 30,		December 31,
		2013		2012
	Tax payable	$	1,135,420	$	510,173
	Salary and welfare payable		25,288		24,734
	Other payable		155,038		170,225
		$	1,315,746	$	705,132

DUE_TO_RELATED_PARTIES_Tables

DUE TO RELATED PARTIES (Tables)	9 Months Ended
	Sep. 30, 2013
Due To Related Parties Tables	'
Due to related parties	'
	Due to related parties consists of the following:
		September 30,		December 31,
		2013		2012
	Due to Huiton World Property Superintendent Company	$	406,637		397,741
	Due to Zhongke Lvxiang Development Stock Co., Ltd	$	1,138,582		1,113,674
	Due to Shaanxi Changjiang Electricity & New Energy Co.,Ltd	$	299,426		292,876
	Due to Baishui Du Kang Brand Management Co.,Ltd	$	9,759		9,546
	Due to Shaanxi Xidenghui Technology Co. Ltd.	$	992		970
	Due to Shaanxi Dukang Liquor Group Co.,Ltd	$	-		44,054
	Total	$	1,855,396		1,858,861

DUE_TO_SHAREHOLDERS_Tables

DUE TO SHAREHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2013
Due To Shareholders Tables	'
Due to shareholders	'
	Due to shareholders consists of the following.
		September 30,		December 31,
		2013		2012
	Due to Wang Shengli	$	2,242,011		2,192,966
	Due to Zhang Hongjun		1,425,993		1,394,798
	Due to Chen Min	$	609,502		599,143
			4,277,506		4,186,907

INCOME_TAX_Tables

INCOME TAX (Tables)	9 Months Ended
	Sep. 30, 2013
Income Tax Tables	'
Provision for taxes on earnings	'
	The provision for taxes on earnings consisted of:
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2013			2012		2013			2012
	PRC Enterprise Income Tax (Benefit)		$	-23,721		-5,538		$	563,655		-13,999
	United States Federal Income Tax					-			-		-
	Income tax, net			-23,721		-5,538			563,655		-13,999
Income taxes expense (benefit)	'
	The income taxes expense (benefit), which is all incurred in PRC, consists of the following:
			For the three months ended					For the nine months ended
			September 30,					September 30,
			2013		2012			2013		2012
	Current income tax expense		$	-23,721		-		$	563,655		-
	Deferred income tax expense (benefit)					-5,538					-13,999
	Income tax, net			-23,721		-5,538			563,655		-13,999

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2013
Segment Information Tables	'
Summarized information by business segment	'
	The Company operates in two reportable segments, land use right leasing and solar PV energy. Summarized information by business segment for the three and nine months ended September 31, 2013 and 2012 is as follows.
		For the three months ended				For the nine months ended
		September 30,				September 30,
		2013		2012		2013		2012
	Revenue
	Land use right leasing	$	303,091		295,876	$	904,814		889,898
	Solar PV energy
	Cost of revenue
	Land use right leasing		16,973		16,569		50,670		49,834
	Solar PV energy
	Gross Profits
	Land use right leasing		286,118		279,307		854,144		840,064
	Solar PV energy

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
USD to RMB [Member]	'	'
Period end exchange rate	'6.1480	'6.2855
Average periodic exchange rate	'6.2168	'6.3125
USD to HKD [Member]	'	'
Period end exchange rate	'7.7538	'7.7522
Average periodic exchange rate	'7.7531	'7.7986

OTHER_CURRENT_ASSETS_AND_PREPA1

OTHER CURRENT ASSETS AND PREPAYMENTS (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Other Current Assets And Prepayments Details Narrative	'	'
Other current assets and prepayments	$166,164	$107,217

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Property plant and equipment gross	$644,095	$326,012
Accumulated depreciation	-249,505	-223,732
Preperty, plant & equipment, net	394,590	102,280
Motor vehicles [Member]	'	'
Property plant and equipment gross	264,047	258,271
Office Equipment [Member]	'	'
Property plant and equipment gross	61,654	67,741
EPC Projects Equipments [Member]	'	'
Property plant and equipment gross	$318,394	'

DUE_FROM_RELATED_PARTIES_NON_C2

DUE FROM RELATED PARTIES - NON CURRENT (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Due from related parties non current	$6,674,626	$2,863,074
Du Kang Liquor Development Co Ltd [Member]	'	'
Due from related parties non current	813,273	795,482
Interest	'interest free for the first year and bear interest in the benchmark lending rate over the same period afterwards	'interest free for the first year and bear interest in the benchmark lending rate over the same period afterwards
Shaanxi Du Kang Liquor Group Co Ltd [Member]	'	'
Due from related parties non current	2,879,489	'
Interest	'bearing interest in the benchmark lending rate over the same period	'bearing interest in the benchmark lending rate over the same period
Zhongke Aerospace & Agriculture Development Stock Co Ltd [Member]	'	'
Due from related parties non current	459,499	449,447
Interest	'interest free	'interest free
Shaanxi Huanghe Bay Springs Lake Theme Park Ltd [Member]	'	'
Due from related parties non current	2,134,841	1,193,222
Interest	'interest free	'interest free
Shaanxi Changfa Industrial Co LTD [Member]	'	'
Due from related parties non current	374,105	365,922
Interest	'interest free	'interest free
Mr Chen Weidong [Member]	'	'
Due from related parties non current	'	45,876
Interest	'interest free	'interest free
Shaanxi Changjiang Zhongxiayou Investment Co.,Ltd [Member]	'	'
Due from related parties non current	$13,419	$13,125
Interest	'interest free	'interest free

Disclosure_DUE_FROM_RELATED_PA

Disclosure - DUE FROM RELATED PARTIES - NON CURRENT (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Disclosure - Due From Related Parties - Non Current Details Narrative	'	'
Due from related parties non current	$6,674,626	$2,863,074

OTHER_PAYABLES_AND_ACCRUED_EXP1

OTHER PAYABLES AND ACCRUED EXPENSES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Other Payables And Accrued Expenses Details	'	'
Tax payable	$1,135,420	$510,173
Salary and welfare payable	25,288	24,734
Other payable	155,038	170,225
Total	$1,315,746	$705,132

OTHER_PAYABLES_AND_ACCRUED_EXP2

OTHER PAYABLES AND ACCRUED EXPENSES (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Other Payables And Accrued Expenses Details	'	'
Tax payable	$1,135,420	$510,173
Income tax payable	849,030	'
Business tax payable	278,953	'
Other tax payable	$7,437	'

DUE_TO_RELATED_PARTIES_Details

DUE TO RELATED PARTIES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Due to related parties	$1,855,396	$1,858,861
Due to Huiton World Property Superintendent Company [Member]	'	'
Due to related parties	406,637	397,741
Due to Zhongke Lvxiang Development Stock Co Ltd [Member]	'	'
Due to related parties	1,138,582	1,113,674
Due to Shaanxi Changjiang Electricity & New Energy Co Ltd [Member]	'	'
Due to related parties	299,426	292,876
Due to Baishui Du Kang Brand Management Co Ltd [Member]	'	'
Due to related parties	9,759	9,546
Due to Shaanxi Xidenghui Technology Co Ltd [Member]	'	'
Due to related parties	992	970
Due to Shaanxi Dukang Liquor Group Co Ltd [Member]	'	'
Due to related parties	'	$44,054

DUE_TO_RELATED_PARTIES_Details1

DUE TO RELATED PARTIES (Details Narrative) (USD $)	Sep. 30, 2013
Due To Related Parties Details Narrative	'
Related party notes payable	$434,137
Related party interest rate	8.00%
Loan owed to related parties	$1,855,396

DUE_TO_SHAREHOLDERS_Details

DUE TO SHAREHOLDERS (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Due to shareholders	$4,277,506	$4,186,907
Due to Wang Shengli [Member]	'	'
Due to shareholders	2,242,011	2,192,966
Due to Zhang Hongjun [Member]	'	'
Due to shareholders	1,425,993	1,394,798
Due to Chen Min [Member]	'	'
Due to shareholders	$609,502	$599,143

DUE_TO_SHAREHOLDERS_Details_Na

DUE TO SHAREHOLDERS (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Due To Shareholders Details Narrative	'	'
Due to shareholders	$4,277,506	$4,186,907

SALES_REVENUE_Details_Narrativ

SALES REVENUE (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Sales Revenue Details Narrative	'	'	'	'
Rent revenue	$303,091	$295,876	$904,814	$889,898

INCOME_TAX_Details

INCOME TAX (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Details	'	'	'	'
PRC Enterprise Income Tax	($23,721)	($5,538)	$563,655	($13,999)
United States Federal Income Tax	'	'	'	'
Income tax expense (benefit), net	($23,721)	($5,538)	$563,655	($13,999)

INCOME_TAX_Details_1

INCOME TAX (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Details 1	'	'	'	'
Current income tax expense	($23,721)	'	$563,655	'
Deferred income tax benefit	'	-5,538	'	-13,999
Income tax, net	($23,721)	($5,538)	$563,655	($13,999)

RELATED_PARTY_TRANSACTIONS_REV1

RELATED PARTY TRANSACTIONS - REVENUE (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Related Party Transactions - Revenue Details Narrative	'	'	'	'
Rent revenue	$303,091	$295,876	$904,814	$889,898

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Information Details	'	'	'	'
Revenue	$303,091	$295,876	$904,814	$889,898
Cost of revenue	16,973	16,569	50,670	49,834
Gross profit	$286,118	$279,307	$854,144	$840,064