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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2008 Results
Date:4/15/2009

727 7,412,895 3,158,351 Total operating expenses 10,369,766 4,938,477 33,753,502 19,764,991 Income From Operations 8,930,661 4,949,722 35,659,378 18,613,786 Other Income (Expense) Miscellaneous income 110,598 40,517 813,704 38,332 Net Income Before Provision for Income Tax 9,041,209 4,990,239 36,473,082 18,652,118 Provision for Income Taxes Current 2,103,309 885,209 7,616,169 3,319,173 Net Income $6,937,901 $4,109,829 $28,856,914 $15,332,945 Basic Earnings Per Share $ 0.45 $ 0.34 $ 1.91 $ 1.27 Basic Weighted Average Shares Outstanding -- -- 15,101,833 12,094,949 Diluted Earnings Per Share $ 0.45 $ 0.25 $ 1.87 $ 1.15 Diluted Weighted Average Shares Outstanding 16,566,776 13,907,696 15,429,136 13,370,528 China Sky One Medical, Inc. and Subsidiaries Consolidated Balance Sheet December 31, 2008 December 31, 2007 ASSETS Current Assets Cash and cash equivalents $40,288,116 $9,190,870 Accounts receivable 14,978,648 10,867,106 Inventories 462,351 371,672 Prepaid and other current assets 106,386 57,907 Land and construction deposit 8,513,284 8,003,205 Total current assets 64,348,785 28,490,760 Property and equipment, net 21,058,779 6,861,432 Intangible assets, net 15,851,765 1,933,014
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SOURCE China Sky One Medical, Inc.
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