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

989,624

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Total other assets 15,744,993

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Total assets $ 50,053,589

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CURRENT LIABILITIES:

Accounts payable $ 5,427,225

Short-term loans 5,588,750

Long term debt - current maturities 11,500,000

Other payables 104,896

Other payables - related parties 1,514,292

Customer deposits 1,845,349

Notes payable 2,406,450

Taxes payable 1,308,375

Other accrued liabilities 1,403,995

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Total current liabilities 31,099,332

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LONG TERM LIABILITIES:

Other long term liabilities 164,848

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Total liabilities 31,264,180

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COMMITMENTS AND CONTINGENCIES --

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MINORITY INTEREST 5,420,442'/>"/>

SOURCE China Biopharmaceuticals Holdings, Inc.

Copyright©2007 PR Newswire.

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