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

translation

adjustments 2,175,433 563,945

Comprehensive income $14,994,966 $9,151,031

Earnings Per Share:

Basic $ 0.35 $ 0.25

Diluted $ 0.34 $ 0.25

Weighted Average Shares

Outstanding:

Basic 37,009,655 34,723,056

Diluted 37,259,909 34,723,056

CHINA PHARMA HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the years ended December 31,

2007 2006

Cash Flows from Operating Activities:

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

Depreciation and amortization 422,443 397,001

Gain on sale of intangibles (580,922) --

Changes in assets and liabilities:

Trade accounts receivable (5,413,718) (6,077,526)

Other receivables (111,660) 42,642

Advances to suppliers (1,028,199) (61,345)

Inventory (3,325,681) (4,214,702)

Deferred tax assets (162,872) 115,564

Deferred offering costs 60,952 --

Trade accounts payable (204,372) (219,427)

Accrued expenses 73,451 86,265

Accrued taxes payable 126,812 (407,744)

Other payables 20,558 (71,759)

Advances from customers
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SOURCE China Pharma Holdings, Inc.
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