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China BCT Reports First Quarter 2010 Results
Date:5/21/2010

Three months ended March 31, 2010 2009 Cash flows from investing activities Payments to acquire and deposit for acquisition of property, plant and equipment $(38,376) $(14,110) Proceeds from sales of property, plant and equipment -- 407 Proceeds from sales of land use right 697,495 -- Deposit for acquisition of retail chain stores business (2,434,101) -- Repayment from related companies -- 3,671,755 Net cash flows (used in) provided by investing activities (1,774,982) 3,658,052 Cash flows from financing activities Repayment (to) from related companies (3,214,793) 1,040,480 Repayment to directors (159,903) -- Net cash received from private placement 2,315,138 -- Proceeds from bank loans 1,290,960 9,675,520 Repayment of bank loans (1,800,218) (7,243,454) Repayment of other loans (860,689) (122,333) Net cash flows (used in) provided by financing activities (2,429,505) 3,350,213 Effect of foreign currency translation on cash and cash equivalents 24,538 (2,571) Net (decrease) increase in cash and cash equivalents (270,798) 2,945,954 Cash and cash equivalents - beginning of period 13,304,158 1,265,184 Cash and cash equivalents - end of period
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SOURCE China BCT Pharmacy Group, Inc.
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