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

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SHAREHOLDERS' EQUITY:

Preferred stock, $0.01 par value, 10,000,000

shares authorized; 417,500 shares

Issued and outstanding 4,175

Common stock, $0.01 par value, 200,000,000 shares authorized;

36,465,312 shares issued and outstanding 364,654

Paid-in capital 13,093,750

Capital receivable (252,471)

Deferred compensation (46,125)

Statutory reserves 2,754,547

Retained earnings (deficit) (3,771,410)

Accumulated other comprehensive income 1,221,847

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Total shareholders' equity 13,368,967

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Total liabilities and shareholders' equity $ 50,053,589

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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED JUNE 30, 2007 AND 2006

Three months ended June 30,

2007 2006

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(Unaudited) (Unaudited)

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Restated

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REVENUES $ 8,891,559 $ 6,965,81
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SOURCE China Biopharmaceuticals Holdings, Inc.

Copyright©2007 PR Newswire.

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