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China Agri-Business Announces 2008 Operating Results
Date:4/3/2009

abilities Convertible notes, net 327,020 -- Stockholders' Equity Common stock par value $.001 per share; authorized 100,000,000 shares; issued and outstanding 12,958,574 and 12,958,574 shares, respectively 12,959 12,959 Additional paid-in capital 4,369,786 4,150,636 Retained earnings 3,654,212 2,308,873 Accumulated other comprehensive income 1,185,676 656,164 Total stockholders' equity 9,222,633 7,128,632 Total Liabilities and Stockholders' Equity $9,783,660 $7,294,832 Results of Operations Years Ended December, 31 2008 2007 Sales of products $2,922,385 $3,037,414 Cost of goods sold 817,472 964,961 Gross profit 2,104,913 2,072,453 Selling, general and administrative expenses 729,278 1,029,230 Income from operations 1,375,635 1,043,223 Interest (expense) income (30,296) 15,659 Net income $1,345,339 $1,058,882* Earnings per common share: Basic $0.10 $0.09* * Not included deemed dividend relating to beneficial conversion feature of Series A preferred stock

ABOUT CHINA AGRI-BUSINESS, INC.

China Agri-Business, Inc., through its operating company in China, Shaanxi Xin Sheng Centennial
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SOURCE China Agri-Business, Inc.
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