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China Pharma Holdings, Inc. Reports Third Quarter 2009 Financial Results and Corporate Updates
Date:11/11/2009

those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand, increased competition, failure to obtain or maintain intellectual property protection, downturns in the Chinese economy, uncompetitive levels of research and development, failure to obtain regulatory approvals, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

    For more information, please contact:

    China Pharma Holdings, Inc.
     Tel:   +86-898-6681-1730
     Email: hps@chinapharmaholdings.com

    ICR, Inc.
     Christine Duan
     Tel:   +1-203-682-8200



                           CHINA PHARMA HOLDINGS, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                              September 30,      December 31,
                                                   2009              2008

    ASSETS
    Current Assets:
    Cash and cash equivalents                   $3,844,777        $6,927,149
    Trade accounts receivable, less
     allowance for doubtful
     accounts of $2,415,886 and
     $4,474,175, respectively                   49,018,104        36,008,095
    Other receivables, less allowance for
     doubtful accounts of $20,306 and
     $54,242, respectively                         115,414           163,957
    Advances to suppliers                        1,868,111         3,031,694
    Inventory                                   14,915,582        13,139,750
    Deferr
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SOURCE China Pharma Holdings, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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