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

Prepayments and other current assets 199,819 1,119,869 Accounts payable 867,602 (310,613) Accrued expenses and other current liabilities (28,342) (2,010,476) Cash provided (used) by operating activities 7,762,623 2,034,349 Cash Flows From Investing Activities: Purchases of property, plant and equipment (1,488,893) (28,405) Notes Receivables (64,221) -- Cash dividends received from real estate investments 1,105,676 -- Cash used in investing activities (447,438) (28,405) Cash Flows From Financing Activities: Repayment of long-term debt -- (1,197,946) Amounts received from related parties 1,510,758 938,601 Cash provided by financing activities 1,510,758 (259,345) Effect of currency exchange rate on cash and cash equivalents 25,927 277,319 Increase in cash and cash equivalents 8,851,870 2,023,918 Cash and Cash Equivalents - Beginning of the year 1,561,403 1,316,569 Cash and Cash Equivalents - Ending of the year $ 10,413,273 $ 3,340,487 Supplemental disclosures of cash flow information: Interest paid $ 41,760 $ -- Income Taxes paid -- --
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SOURCE China Dasheng Biotechnology Company
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