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

381,809

Value added tax payable 125,015 744,666

Other payables 3,165,677 282,638

Accrued expenses 67,875 --

Notes payable - trade /

related party -- 1,282,052

Loan payable 1,370,877 1,019,231

Long term notes payable -

current portion 67,287 36,670

Total current

liabilities 5,476,256 6,014,182

LONG TERM LIABILITIES 33,655 61,862

Total liabilities 5,509,911 6,076,044

COMMITMENT AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Preferred stock, $.001 par

value; authorized shares

1,000,000; issued and

outstanding 1,000,000 shares 1,000 --

Common stock, $.0001 par

value; authorized shares

80,000,000; issued and

outstanding 25,454,545 and

23,954,545 as of December

31, 2007 and 2006,

respectively 2,545 2,395

Paid in capital 19,611,938 2,533,837

Statutory reserve 2,051,030 1,110,374

Accumulated other

comprehensive income 2,319,732 624,806

Retained earnings 14,209,392 9,969,017

Total stockholders'

equity 38,195,637 14,240,429

TOTAL LIABILITIES AND

STOCKHOLDERS' EQUITY $43,705,548 $20,316,473

CHINA BIO ENERGY HOLDING GROUP CO.
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SOURCE China Bio Energy Holding Group Co., Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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