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China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results
Date:8/19/2007

CONSOLIDATED BALANCE SHEET

AS OF JUNE 30, 2007

June 30,

2007

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CURRENT ASSETS: Unaudited

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Cash $ 1,230,258

Accounts receivable, trade, net of

allowance for doubtful accounts of $934,516 6,860,309

Accounts receivable, related parties 259,347

Other receivables 2,614,674

Other receivables - related parties 3,123,894

Advances to suppliers 244,161

Prepaid expenses 48,257

Inventories 7,605,936

Loan to shareholders 42,794

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Total current assets 22,029,630

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PLANT AND EQUIPMENT, net 12,278,966

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OTHER ASSETS:

Intangible asset, net 12,702,943

Long term notes receivable 657,797

Long term other receivables - related parties 554,344

Restricted cash 840,285

Other assets
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SOURCE China Biopharmaceuticals Holdings, Inc.

Copyright©2007 PR Newswire.

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