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

, LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

For The Years Ended December 31,

2007 2006 2005

Net sales $87,104,187 $54,427,820 $29,217,184

Cost of goods sold 77,006,690 48,666,440 24,843,313

Gross profit 10,097,497 5,761,380 4,373,871

General and

administrative expenses 1,686,760 356,392 216,362

Income from operations 8,410,737 5,404,988 4,157,509

Non-operating income (expenses)

Interest income expenses) (142,442) (86,254) (16,422)

Other income 328,264 24,845 --

Financial expenses (16,994) -- --

Total non-operating

income (expenses) 168,828 (61,409) (16,422)

Net income 8,579,565 5,343,579 4,141,087

Other comprehensive item

Foreign currency

translation gain 1,694,926 464,099 128,667

Comprehensive Income $10,274,491 $ 5,807,678 $ 4,269,754

Net income $ 8,579,565 $ 5,343,579 $ 4,141,087

Deemed dividend to

preferred stockholders 3,398,534 -- --

Net income available to

common stockholders $ 5,181,031 $ 5,343,579 $ 4,141,087

Basic and diluted

weighted average shares

outstanding

Basic 24,238,107 23,954,545 23,954,545

Diluted 25,145,122 23,954,545 23,954,545

Basic and diluted net

earnings per share

available to common

stockholders

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

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