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China Dasheng Biotechnology Company Reports Unaudited Third Quarter FY2009 Financial Results
Date:5/18/2009

ted to, general economic conditions and regulatory developments, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this filing, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

    For More information, please contact:

    China Dasheng Biotechnology Company
     James Gao, Vice President, Investor Relations
     Tel:   +1-908-938-2025
     Email: gaojingbo@chinadashengbio.com


CHINA DASHENG BIOTECHNOLOGY COMPANY (FORMERLY NAMED AS MAX NUTRITION INC.) CONSOLIDATED BALANCE SHEETS (Unaudited) AS OF MARCH 31, 2009 and JUNE 30, 2008

                               (in US DOLLARS)

                                                 31-Mar-09    30-Jun-08
                                   ASSETS
    Current assets:
       Cash & cash equivalents                 $ 10,413,273 $  1,561,403
       Accounts receivable, net of allowance
        for doubtful accounts of $22,794 and
        $16,303, respectively                     3,670,524    3,244,476
       Inventory                                    476,832      561,883
       Advances to suppliers                         20,886    1,486,379
       Due from related parties                      94,093    1,580,820
       Prepayments and other current assets          89,073       35,675

             Total current assets                14,764,681    8,470,636

    Investment in Real Estate Ventures            5,401,954    6,483,437

    Property, plant and equipment, net of
     accumulated depreciation                     2,859,290    1,618,82
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SOURCE China Dasheng Biotechnology Company
Copyright©2009 PR Newswire.
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