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China Pharma Holdings, Inc. Announces First Quarter 2008 Financial Results
Date:5/2/2008

ld decreased from 19.3% of total A/R at March 31, 2007, to 7.9% at March 31, 2008. Net cash flow from operating activities was $1.5 million in the three months ended March 31, 2008, compared to negative $2.2 million during the same time in the prior year. The improvement in operating cash flow was primarily due to the increase of net income and collection of older trade accounts receivables.

Ms. Li concluded, "In the first quarter of 2008, our acceleration in organic growth from our existing core products and new products launched after 2006 demonstrates the success of our dual growth strategy. China Pharma continues to focus on developing and marketing improved generic products for high incidence and high mortality diseases particular to the China market. With the rapidly growing economy and the Chinese Government's commitment to expand its rural cooperative medical system (CMS) by spending $1.3 billion to increase coverage from 51% to 100% in rural areas, we are well positioned in the Chinese pharmaceutical industry to continue to grow our revenue and net income throughout 2008 and beyond."

Conference Call

China Pharma will host a conference call on Tuesday, May 6 at 10:00 am EDT to discuss first quarter 2008 results. To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (800) 591-6942 International callers should dial (617) 614-4909. The conference pass code is 32765641.

If you are unable to participate in the call at this time, a replay will be available on Tuesday, May 6, at 12:00 pm EDT, through Tuesday, May 13. To access the replay, dial (888) 286-8010. International callers should dial (617) 801-6888. The conference pass code is 89227480.

This conference call will be broadcast live over the Internet and can be accessed by copying and pasting this link into your web browser:

SOURCE China Pharma Holdings, Inc.
Copyright©2008 PR Newswire.
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