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China Bio Energy Reports Fiscal 2007 Financial Results
Date:4/1/2008

-150

Shares issued for

cash 1,000,000 1,000 -- -- 13,172,527

Net income for the

year -- -- -- -- --

Transfer to

statutory

reserves -- -- -- -- --

Foreign currency

translation gain -- -- -- -- --

Balance at

December 31,

2007 1,000,000 $1,000 25,454,545 $2,545 $19,611,938

Common stock

Other Total

Statutory comprehensive Retained stockholders'

reserves income earnings equity

Balance at December

31, 2004 $130,317 $32,040 $1,464,408 $4,162,997

Net income for the

year -- -- 4,141,087 4,141,087

Transfer to

statutory reserves 445,699 -- -445,699 --

Foreign currency

translation gain -- 128,667 -- 128,667

Balance at December

31, 2005 576,016 160,707 5,159,796 8,432,751

Net income for the

year -- -- 5,343,579 5,343,579

Transfer to

statutory

reserves 534,358 -- -534,358 --

Foreign currency

translation gain -- 464,099 -- 464,099

Balance at December

31, 2006 1,110,374 624,806 9,969,017 14,240,429

Capital contribution -- -- -- 3,905,724

Recapitalization on

reverse acquisition -- -- -- --

Shares issued f
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SOURCE China Bio Energy Holding Group Co., Ltd.
Copyright©2008 PR Newswire.
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