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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results
Date:1/29/2008

OLDERS' EQUITY

Registered and paid up common stock 7,852,802 7,852,802

Accumulated other comprehensive income 368,681 152,162

Accumulated deficits (1,476,381) (2,167,267)

TOTAL STOCKHOLDERS' EQUITY 6,745,102 5,837,697

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $9,299,928 $7,277,752

Landway Bionanometer Technology Joint-stock Co., Ltd Co., Ltd

Statements of Cash Flows

(Stated in US Dollars)

Year ended December 31,

2006 2005

Cash flows from operating activities

Net income $690,886 $(80,824)

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation 79,366 76,359

Provision for doubtful debts 89,030 76,341

Changes in operating assets and liabilities:

Trade receivables (709,433) (19,366)

Other receivables, prepayments and

deposits (32,942) 25,086

Amount due from related parties (333,643) (197,735)

Inventories 227,460 45,767

Deferred tax assets 350,705 (2,307)

Trade payables 10,651 31,507

Other payables and accrued expenses 860,018 619,704

Amount due to related parties 52,155 74,632

Receipt in advance (5,626) (73,339)

Net cash flows provided by operating

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SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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