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

e $7,163,228 $4,251,478 $15,127,019 $12,479,318 Basic earnings per share $0.17 $0.10 $0.36 $0.32 Basic weighted average shares outstanding 42,278,938 42,278,938 42,278,938 39,523,464 Net income $7,163,228 $4,251,478 $15,127,019 $12,479,318 Foreign currency translation adjustments 85,896 133,713 179,085 2,853,755 Comprehensive income $7,249,124 $4,385,191 $15,306,104 $15,333,073 CHINA PHARMA HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the nine months ended September 30, 2009 2008 Cash Flows from Operating Activities: Net income $15,127,019 $12,479,318 Bad debt expense (benefit) (2,101,710) 1,571,594 Depreciation and amortization 986,310 505,595 Compensation paid with warrants -- 120,042 Gain or loss on disposal of property and equipment 4,027 -- Deferred tax assets 210,171 (209,434) Changes in assets and liabilities: Trade accounts receivable (10,845,652) (13,130,468) Other receivables 82,949 195,026 Advances to suppliers 1,170,103 651,833 Inventory (1,742,681) 855,485 Trade accounts payable 2,772,775 184,627 Accrued expenses (11,339) (138,021) Accrued taxes payable 393,724 602,480 Other payables
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SOURCE China Pharma Holdings, Inc.
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