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

or

cash -- -- -3,398,534 9,774,993

Net income for the

year -- -- 8,579,565 8,579,565

Transfer to

statutory

reserves 940,656 -- -940,656 --

Foreign currency

translation gain -- 1,694,926 -- 1,694,926

Balance at

December 31,

2007 $2,051,030 $2,319,732 $14,209,392 $38,195,637

For more information, please contact:

US Contact:

Mary Xia/Lin Li

Tel: +1-732-230-3148

Asia Contact:

Dan Joseph

ICR, Inc.

Tel: +86-21-6122-1077

Gaihong Li

China Bio Energy Holdings

Tel: +86-29-8320-4383


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SOURCE China Bio Energy Holding Group Co., Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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