China Changjiang Mining & New Energy (CHJI) 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 13, 2015
Document And Entity Information
Entity Registrant Name	CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.
Entity Central Index Key	29,952
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
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	Q2
Document Fiscal Year Focus	2,015

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 21,513	$ 72,156
Other current assets and prepayments	81,022	80,535
Total Current Assets	102,535	152,691
Property, plant and equipment, net	289,898	314,480
Land use rights, net	16,266,866	16,323,725
Due from related parties	7,278,622	6,609,329
TOTAL ASSETS	23,937,921	23,400,225
Current Liabilities
Other payables and accrued liabilities	457,218	419,235
Total Current Liabilities	457,218	419,235
Non-current liabilities
Due to related parties	3,313,389	3,275,191
Due to shareholders	3,422,687	3,391,992
Total Long-term Liabilities	6,736,076	$ 6,667,183
SHAREHOLDERS' EQUITY
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of June 30, 2015 and December 31, 2014)
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of June 30, 2015 and December 31, 2014)	646,295	$ 646,295
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	15,410,640	15,410,640
Accumulated deficit	(2,631,055)	(2,902,291)
Non-controlling interests	1,105,839	1,102,122
Accumulated other comprehensive income	2,702,166	2,546,299
TOTAL SHAREHOLDERS' EQUITY	16,744,627	16,313,807
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 23,937,921	$ 23,400,225

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
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 INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements Of Income And Comprehensive Income
Sales revenue - related party	$ 312,355	$ 306,113	$ 621,538	$ 612,260
Cost of revenue	17,241	17,143	34,354	34,287
Gross Profit	295,114	288,970	587,184	577,973
Operating expenses
Administrative expenses	38,057	41,777	75,002	101,519
Depreciation	13,572	13,927	27,042	27,946
Amortization	105,084	104,480	209,384	208,972
Total operating expenses	156,713	160,184	311,428	338,437
Income from operations	138,401	128,786	275,756	239,536
Other Income (Expenses)
Interest income	31	23	122	47
Interest expenses	(119)	$ (231)	(433)	$ (566)
Other expenses	(492)		(492)
Total Other Expense	(580)	$ (208)	(803)	$ (519)
Income before tax	$ 137,821	$ 128,578	$ 274,953	$ 239,017
Income tax expense
Net Income	$ 137,821	$ 128,578	$ 274,953	$ 239,017
Net income attributable to:
Non-controlling interests	2,102	(2,133)	3,717	(5,191)
Common Stockholders	135,719	130,711	271,236	244,208
Other comprehensive income
Foreign currency translation adjustments	55,786	(2,162)	155,867	(127,686)
Total Comprehensive Income	$ 193,607	$ 126,416	$ 430,820	$ 111,331
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 per share,
Basic	$ 0	$ 0	$ 0	$ 0
Diluted	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 274,953	$ 239,017
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	236,426	236,918
Changes in operating assets and liabilities:
Due from Huanghe Bay	(621,538)	(612,260)
Other current assets and prepayments	269	(9,957)
Other payables and accrued liabilities	33,911	36,082
CASH USED IN OPERATING ACTIVITIES	$ (75,979)	(110,200)
CASH FLOWS FROM INVESTING ACTIVITIES
Due from related parties		57,937
CASH PROVIDED BY INVESTING ACTIVITIES		57,937
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties	$ 24,120	13,062
Proceeds from shareholders		1,241
CASH PROVIDED BY FINANCING ACTIVITIES	$ 24,120	14,303
Effect of exchange rate changes on cash and cash equivalents	1,216	(2,860)
NET DECREASE IN CASH	(50,643)	(40,820)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	72,156	159,866
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 21,513	$ 119,046
Supplementary Disclosures for Cash Flow Information:
Interest expense paid
Income taxes paid

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
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 the notes to consolidated financial statements included in Annual Report on Form 10-K for the year ended December 31, 2014. The unaudited condensed consolidated financial statements for the six-month period ended June 30, 2015 and 2014 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 six-month period ended June 30, 2015 are not indicative of the results that may be expected for the full year ending December 31, 2015. (a) Going Concern The Company incurred net income of $274,953 for the six months ended June 30, 2015 and had an accumulated deficit of approximately $2.63 million as of June 30, 2015. In addition, the Company had a working capital deficit of $354,683 as of June 30, 2015. The Company has cash and cash equivalents balance of $21,513 and net cash used in operating activities amounted to $75,979. If the Company cannot generate enough cash flow from its operating activities, it will need to consider other financing methods such as borrowing from banking institutions or raising additional capital through new equity issuance. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. The Company plans to continue to control its administrative expenses in the coming periods as well as further develop its sales from its main business. (b) Foreign Currency Translation Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB June 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.0888 6.1460 Average periodic USD : RMB exchange rate 6.1128 6.1457 USD to HKD June 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7522 7.7580 Average periodic USD : HKD exchange rate 7.7535 7.7519 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. (c) Earnings/Loss per share Basic earnings/loss per share is computed by dividing earnings/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is computed in a manner similar to basic earnings/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.

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 2 - LAND USE RIGHTS, NET	The following is a summary of land use rights, net: June 30, 2015 December 31, 2014 Cost of Land Use Rights $ 21,020,957 $ 20,825,318 Accumulated Amortization of Land Use Rights (4,754,091 ) (4,501,593 ) Land Use Rights, Net $ 16,266,866 $ 16,323,725 The difference for the balance of cost was mainly due to the fluctuation of exchange rate of USD to RMB. Amortization expenses were $209,384 and $208,972 for the six months ended June 30, 2015 and 2014, respectively.

DUE FROM RELATED PARTIES

DUE FROM RELATED PARTIES	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 3 - DUE FROM RELATED PARTIES	The balance of $7,278,622 due from related parties represents the loans owed by related parties, which are unsecured and unexpected to be paid within twelve months from June 30, 2015. Due from related parties consists of the following: June 30, December 31, 2015 2014 Interest Du Kang Liquor Development Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 821,180 $ 813,537 Interest free Shaanxi Du Kang Liquor Group Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,240,945 $ 1,246,025 Interest free Zhongke Aerospace & Agriculture Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 463,967 $ 459,649 Interest free Shaanxi Huanghe Bay Springs Lake Theme Park Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 4,311,194 $ 3,660,918 Interest free Shaanxi Changfa Industrial Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 377,743 $ 374,227 Interest free Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 22,993 $ 22,779 Interest free Shaanxi Tangrenjie Advertising Co. (Previously “Shaanxi Changjiang Zhongxiayou Investment Co., Ltd), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 5,338 $ 5,288 Interest free Heyang County Huanghe Bay Resort Hotel Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company 35,262 26,906 Interest free Total $ 7,278,622 $ 6,609,329 In May 2015, the Company moved to new office that was owned by Shaanxi Du Kang Liquor Group Co., Ltd. The Company is allowed to occupy the space for free.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 4 - DUE TO RELATED PARTIES	The balance of $3,313,389 due to related parties represents the loans owed to related parties, which are interest free, unsecured and unexpected to be paid within twelve months from June 30, 2015. Due to related parties consists of the following. June 30, December 31, 2015 2014 Huitong World Property Superintendent Company, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 410,590 $ 406,769 Zhongke Lvxiang Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,149,652 $ 1,138,952 Shaanxi Dukang Liquor Trading Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 16,916 $ 16,759 Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,725,375 $ 1,701,956 Baishui Du Kang Brand Management Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,854 $ 9,762 Shaanxi Xidenghui Technology Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,002 $ 993 Total $ 3,313,389 $ 3,275,191

DUE TO SHAREHOLDERS

DUE TO SHAREHOLDERS	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 5 - DUE TO SHAREHOLDERS	The balance of $3,422,687 due to shareholders represents the loans owed to the shareholders, which are interest free and unsecured. The management does not intend to repay the loans within twelve months from June 30, 2015. Due to shareholders consists of the following: June 30, 2015 December 31, 2014 Due to Wang Shengli $ 1,812,161 $ 1,795,296 Due to Zhang Hongjun 996,420 987,147 Due to Chen Min $ 614,106 $ 609,549 $ 3,422,687 $ 3,391,992

SALES REVENUE - RELATED PARTY

SALES REVENUE - RELATED PARTY	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 6 - SALES REVENUE - RELATED PARTY	The Company entered into a lease and complementary agreements with one of its related companies, Shaanxi Huanghe Bay Springs Lake Theme Park Ltd (“Huanghe”), dated July 26, 2010 and March 25, 2011, respectively. According to the agreements, the use right of 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 revenues of $613,466 were recognized for the six months ended June 30, 2015, compared with the rent revenues of $612,260 for the six months ended June 30, 2014. The Company provided solar power to Heyang County Huanghe Bay Resort Hotel Co., Ltd., a company with the same controlling person as the Company, with revenue of $8,072 for the six months ended June 30, 2015.

INCOME TAX

INCOME TAX	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 7 - INCOME TAX	The Company did not have income tax expense or income tax payable due to the use of net loss carryover from prior years As of June 30, 2015, the Company had net taxable operating losses of approximately $1,903,830 carried forward for the future years. The PRC Income Tax allows the enterprises to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The Management believes that the Company’s cumulative losses arising from recurring business in recent years constituted significant negative evidence that most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate future taxable income. The valuation allowance of $475,958 was recorded. Components of the Company’s net deferred tax assets are set forth below: June 30, 2015 December 31, 2014 Deferred tax assets Net operating loss carry-forward $ 475,958 $ 185,148 Total of Deferred tax asset $ 475,958 $ 185,148 Less: valuation allowance $ (475,958 ) $ (185,148 ) Net deferred assets $ - $ -

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 8 - 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 six months ended June 30, 2015 and 2014 is as follows. For the Three months ended June 30, For the Six months ended June 30, 2015 2014 2015 2014 Revenue $ $ Land use right leasing 307,882 306,113 613,466 612,260 Solar PV energy 4,473 8,072 - Cost of revenue Land use right leasing 17,241 17,143 34,354 34,287 Solar PV energy - - - - Gross Profits Land use right leasing 290,641 288,970 579,112 577,973 Solar PV energy 4,473 - 8,072 - 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.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies Policies
Going Concern	The Company incurred net income of $274,953 for the six months ended June 30, 2015 and had an accumulated deficit of approximately $2.63 million as of June 30, 2015. In addition, the Company had a working capital deficit of $354,683 as of June 30, 2015. The Company has cash and cash equivalents balance of $21,513 and net cash used in operating activities amounted to $75,979. If the Company cannot generate enough cash flow from its operating activities, it will need to consider other financing methods such as borrowing from banking institutions or raising additional capital through new equity issuance. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. The Company plans to continue to control its administrative expenses in the coming periods as well as further develop its sales from its main business.
Foreign Currency Translation	Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB June 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.0888 6.1460 Average periodic USD : RMB exchange rate 6.1128 6.1457 USD to HKD June 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7522 7.7580 Average periodic USD : HKD exchange rate 7.7535 7.7519 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 earnings/loss per share is computed by dividing earnings/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is computed in a manner similar to basic earnings/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 ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
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 June 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.0888 6.1460 Average periodic USD : RMB exchange rate 6.1128 6.1457 USD to HKD June 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7522 7.7580 Average periodic USD : HKD exchange rate 7.7535 7.7519

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	6 Months Ended
	Jun. 30, 2015
Land Use Rights Net Tables
Summary of land use rights, net	The following is a summary of land use rights, net: June 30, 2015 December 31, 2014 Cost of Land Use Rights $ 21,020,957 $ 20,825,318 Accumulated Amortization of Land Use Rights (4,754,091 ) (4,501,593 ) Land Use Rights, Net $ 16,266,866 $ 16,323,725

DUE FROM RELATED PARTIES (Table

DUE FROM RELATED PARTIES (Tables)	6 Months Ended
	Jun. 30, 2015
Due From Related Parties Tables
Due from related parties	Due from related parties consists of the following: June 30, December 31, 2015 2014 Interest Du Kang Liquor Development Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 821,180 $ 813,537 Interest free Shaanxi Du Kang Liquor Group Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,240,945 $ 1,246,025 Interest free Zhongke Aerospace & Agriculture Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 463,967 $ 459,649 Interest free Shaanxi Huanghe Bay Springs Lake Theme Park Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 4,311,194 $ 3,660,918 Interest free Shaanxi Changfa Industrial Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 377,743 $ 374,227 Interest free Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 22,993 $ 22,779 Interest free Shaanxi Tangrenjie Advertising Co. (Previously “Shaanxi Changjiang Zhongxiayou Investment Co., Ltd), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 5,338 $ 5,288 Interest free Heyang County Huanghe Bay Resort Hotel Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company 35,262 26,906 Interest free Total $ 7,278,622 $ 6,609,329

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	6 Months Ended
	Jun. 30, 2015
Due To Related Parties Tables
Due to related parties	Due to related parties consists of the following. June 30, December 31, 2015 2014 Huitong World Property Superintendent Company, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 410,590 $ 406,769 Zhongke Lvxiang Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,149,652 $ 1,138,952 Shaanxi Dukang Liquor Trading Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 16,916 $ 16,759 Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,725,375 $ 1,701,956 Baishui Du Kang Brand Management Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,854 $ 9,762 Shaanxi Xidenghui Technology Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,002 $ 993 Total $ 3,313,389 $ 3,275,191

DUE TO SHAREHOLDERS (Tables)

DUE TO SHAREHOLDERS (Tables)	6 Months Ended
	Jun. 30, 2015
Due To Shareholders Tables
Due to shareholders	Due to shareholders consists of the following: June 30, 2015 December 31, 2014 Due to Wang Shengli $ 1,812,161 $ 1,795,296 Due to Zhang Hongjun 996,420 987,147 Due to Chen Min $ 614,106 $ 609,549 $ 3,422,687 $ 3,391,992

INCOME TAX (Tables)

INCOME TAX (Tables)	6 Months Ended
	Jun. 30, 2015
Income Tax Tables
Components of deferred tax assets	Components of the Company’s net deferred tax assets are set forth below: June 30, 2015 December 31, 2014 Deferred tax assets Net operating loss carry-forward $ 475,958 $ 185,148 Total of Deferred tax asset $ 475,958 $ 185,148 Less: valuation allowance $ (475,958 ) $ (185,148 ) Net deferred assets $ - $ -

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 six months ended June 30, 2015 and 2014 is as follows. For the Three months ended June 30, For the Six months ended June 30, 2015 2014 2015 2014 Revenue $ $ Land use right leasing 307,882 306,113 613,466 612,260 Solar PV energy 4,473 8,072 - Cost of revenue Land use right leasing 17,241 17,143 34,354 34,287 Solar PV energy - - - - Gross Profits Land use right leasing 290,641 288,970 579,112 577,973 Solar PV energy 4,473 - 8,072 -

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
USD to RMB [Member]
Period end exchange rate	6.0888	6.1460
Average periodic exchange rate	6.1128	6.1457
USD to HKD [Member]
Period end exchange rate	7.7522	7.7580
Average periodic exchange rate	7.7535	7.7519

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies Details Narrative
Net Income	$ 137,821	$ 128,578	$ 274,953	$ 239,017
Accumulated deficit	(2,631,055)		(2,631,055)		$ (2,902,291)
Working capital deficit	354,683		354,683
Cash and cash equivalents	$ 21,513	$ 119,046	21,513	119,046	$ 72,156	$ 159,866
Net cash used in operating activities			$ (75,979)	$ (110,200)

LAND USE RIGHTS, NET (Details)

LAND USE RIGHTS, NET (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Land Use Rights Net Details
Cost of Land Use Rights	$ 21,020,957	$ 20,825,318
Accumulated Amortization of Land Use Rights	(4,754,091)	(4,501,593)
Land Use Rights, Net	$ 16,266,866	$ 16,323,725

LAND USE RIGHTS, NET (Details N

LAND USE RIGHTS, NET (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Land Use Rights Net Details Narrative
Amortization expenses	$ 105,084	$ 104,480	$ 209,384	$ 208,972

DUE FROM RELATED PARTIES (Detai

DUE FROM RELATED PARTIES (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Due from related parties non current	$ 7,278,622	$ 6,609,329
Du Kang Liquor Development Co Ltd [Member]
Due from related parties non current	$ 821,180	$ 813,537
Interest	Interest free	Interest free
Shaanxi Du Kang Liquor Group Co Ltd [Member]
Due from related parties non current	$ 1,240,945	$ 1,246,025
Interest	Intrest free	Interest free
Zhongke Aerospace And Agriculture Development Stock Co Ltd [Member]
Due from related parties non current	$ 463,967	$ 459,649
Interest	Interest free	Interest free
Shaanxi Huanghe Bay Springs Lake Theme Park Ltd [Member]
Due from related parties non current	$ 4,311,194	$ 3,660,918
Interest	Interest free	Interest free
Shaanxi Changfa Industrial Co LTD [Member]
Due from related parties non current	$ 377,743	$ 374,227
Interest	Interest free	Interest free
Shaanxi East Mining Co Ltd [Member]
Due from related parties non current	$ 22,993	$ 22,779
Interest	Interest free	Interest free
Shaanxi Tangrenjie Advertising Co [Member]
Due from related parties non current	$ 5,338	$ 5,288
Interest	Interest free	Interest free
Heyang County Huanghe Bay Resort Hotel [Member]
Due from related parties non current	$ 35,262	$ 26,906
Interest	Interest free	Interest free

DUE FROM RELATED PARTIES (Det27

DUE FROM RELATED PARTIES (Details Narrative) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Due From Related Parties Details Narrative
Due from related parties non current	$ 7,278,622	$ 6,609,329

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Due to related parties	$ 3,313,389	$ 3,275,191
Due to Huiton World Property Superintendent Company [Member]
Due to related parties	410,590	406,769
Due to Zhongke Lvxiang Development Stock Co Ltd [Member]
Due to related parties	1,149,652	1,138,952
Due to Shaanxi Dukang Liquor Trading Co., Ltd [Member]
Due to related parties	16,916	16,759
Shaanxi East Mining Co Ltd [Member]
Due to related parties	1,725,375	1,701,956
Due to Baishui Du Kang Brand Management Co Ltd [Member]
Due to related parties	9,854	9,762
Due to Shaanxi Xidenghui Technology Co Ltd [Member]
Due to related parties	$ 1,002	$ 993

DUE TO RELATED PARTIES (Detai29

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Due To Related Parties Details Narrative
Due to related parties	$ 3,313,389	$ 3,275,191

DUE TO SHAREHOLDERS (Details)

DUE TO SHAREHOLDERS (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Due to shareholders	$ 3,422,687	$ 3,391,992
Due to Wang Shengli [Member]
Due to shareholders	1,812,161	1,795,296
Due to Zhang Hongjun [Member]
Due to shareholders	996,420	987,147
Due to Chen Min [Member]
Due to shareholders	$ 614,106	$ 609,549

DUE TO SHAREHOLDERS (Details Na

DUE TO SHAREHOLDERS (Details Narrative) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Due To Shareholders Details Narrative
Due to shareholders	$ 3,422,687	$ 3,391,992

SALES REVENUE - RELATED PARTY (

SALES REVENUE - RELATED PARTY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Rent revenue	$ 613,466	$ 612,260
Heyang County Huanghe Bay Resort Hotel [Member]
Rent revenue	$ 8,072

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Deferred tax assets
Net operating loss carry-forward	$ 475,958	$ 185,148
Total of Deferred tax assets	475,958	185,148
Less: valuation allowance	$ (475,958)	$ (185,148)
Net deferred assets

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	Jun. 30, 2015USD ($)
Income Tax Details Narrative
Net taxable operating loss	$ 1,903,830

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cost of revenue	$ 17,241	$ 17,143	$ 34,354	$ 34,287
Gross Profits	295,114	288,970	587,184	577,973
Land use right leasing [Member]
Revenue	307,882	306,113	613,466	612,260
Cost of revenue	17,241	17,143	34,354	34,287
Gross Profits	290,641	$ 288,970	579,112	$ 577,973
Solar PV energy [Member]
Revenue	$ 4,473		$ 8,072
Cost of revenue
Gross Profits	$ 4,473		$ 8,072