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China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results


AS OF JUNE 30, 2007

June 30,





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


Total current assets 22,029,630


PLANT AND EQUIPMENT, net 12,278,966



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

SOURCE China Biopharmaceuticals Holdings, Inc.

Copyright©2007 PR Newswire.

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