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

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COST OF GOODS SOLD 6,656,183 5,077,169

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GROSS PROFIT 2,235,376 1,888,649

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OPERATING EXPENSES

Research and development 66,748 240,747

Selling, general and

administrative 1,519,246 788,133

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Total Operating

Expenses 1,585,994 1,028,880

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INCOME FROM OPERATIONS 649,382 859,769

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OTHER INCOME (EXPENSE)

Interest income (expense),

net (314,481) (138,091)

Other income (expense),

net 217,597 195,139

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Total Other Income

(expense), net (96,884) 57,048

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INCOME BEFORE INCOME TAXES

AND MINORITY INTEREST 552,498 916,817

PROVISION FOR INCOME TAXES 16,015 59,530

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INCOME BEFORE MINORITY

INTEREST 536,483 857,287

MINORITY INTEREST 565,772 412,970

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INCOME (LOSS) FROM

CONTINUING OPERATIONS (29,289) 444,317

LOSS FROM DISCONTINUED

OPERATIONS
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SOURCE China Biopharmaceuticals Holdings, Inc.

Copyright©2007 PR Newswire.

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