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China Pharma Holdings, Inc. Announces Record 2007 Year End Results
Date:3/31/2008

ustment 2,839,304 663,871

Retained earnings 25,206,169 12,386,636

Total Stockholders' Equity 39,761,358 20,850,209

TOTAL LIABILITIES AND STOCKHOLDERS'

EQUITY $43,706,320 $28,514,381

CHINA PHARMA HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

For the years

ended December 31,

2007 2006

Revenue $33,186,324 $21,843,262

Cost of revenue 17,619,180 11,745,815

Gross profit 15,567,144 10,097,447

Operating expenses:

Selling expenses 1,436,609 260,128

General and administrative 1,879,306 1,213,828

Total operating expenses 3,315,915 1,473,956

Income from operations 12,251,229 8,623,491

Non-operating income

(expenses):

Interest income 31,805 991

Interest expense (237,398) (145,881)

Other income 611,025 108,485

Total non-operating income

(expense) 405,432 (36,405)

Income before taxes 12,656,661 8,587,086

Income tax benefit 162,872 --

Net income $12,819,533 $8,587,086

Comprehensive income - foreign

currency
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SOURCE China Pharma Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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