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China Bio Energy Reports Fourth Quarter and Record 2008 Financial Results
Date:3/23/2009

e from operations 28,650,649 8,410,737 Non-operating income (expenses) Interest expenses (125,201) (142,442) Subsidy income 100,792 328,697 Other expense (63,519) (17,427) Stock based compensation - make good provision (9,838,354) -- Total non-operating expenses (9,926,282) 168,828 Net income 18,724,367 8,579,565 Other comprehensive item Foreign currency translation gain 3,017,271 1,694,926 Comprehensive Income $21,741,638 $10,274,491 Net Income 18,724,367 8,579,565 Deemed dividend to preferred stockholders 863,014 3,398,534 Net income available to common stockholders 17,861,353 5,181,031 Basic and diluted weighted average shares outstanding Basic 25,889,748 24,238,107 Diluted 32,877,570 25,145,122 Basic and diluted net earnings per share available to common stockholders Basic $0.69 $0.21 Diluted $0.54 $0.21 CHINA BIO ENERGY HOLDING GROUP CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOW For The Year Ended December 31, December 31, 2008 2007 CASH FLOWS FROM OPERATING ACTIVITIES: Net income
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SOURCE China Bio Energy Holdings Group
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