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

EGINNING OF YEAR 631,443 156,681 289,550

CASH AND CASH EQUIVALENTS, END

OF YEAR $1,382,371 $ 631,443 $ 156,681

Supplemental Cash flow

data:

Income tax paid $ -- $ -- $ --

Interest paid $ 137,463 $ 108,423 $ 40,016

CHINA BIO ENERGY HOLDING GROUP CO., LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

Preferred stock

Additional

paid in

Shares Amount Shares Amount capital

Balance at December

31, 2004 -- $ -- 23,954,545 $2,395 $2,533,837

Net income for the

year -- -- -- -- --

Transfer to

statutory

reserves -- -- -- -- --

Foreign currency

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

Balance at December

31, 2005 -- -- 23,954,545 2,395 2,533,837

Net income for the

year -- -- -- -- --

Transfer to

statutory

reserves -- -- -- -- --

Foreign currency

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

Balance at December

31, 2006 -- -- 23,954,545 2,395 2,533,837

Capital

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

Recapitalization on

reverse

acquisition -- -- 1,500,000 150
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SOURCE China Bio Energy Holding Group Co., Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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