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Global Pharm Holdings Group Announces Fiscal Year 2010 Financial Results
Date:4/14/2011

and are subject to risks, uncertainties, assumptions and other factors as they relate to our industry, our operations and results of operations, plans for future facilities, capital-expenditure plans, and any businesses that we may acquire. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results.

-FINANCIAL TABLES FOLLOW-GLOBAL PHARM HOLDINGS GROUP, INC.CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOMEFOR THE YEARS ENDED DECEMBER 31, 2010 AND 200920102009Revenues, net$

140,342,778$

86,784,002Cost of goods sold113,932,84570,725,013Gross profit26,409,93316,058,989Expenses:Operating expenses1,495,344792,295General and administrative8,995,5511,096,333Income from operations15,919,03814,170,361Interest income27,10521,052Miscellaneous income (expense)(12,797)8,266Income before income taxes15,933,34614,199,679Provision for income taxes4,781,2043,298,277Net income11,152,14210,901,402Other comprehensive incomeForeign currency translation adjustment310,437(42,248)Total comprehensive income$

11,462,579$

10,859,154Earnings per share of common stock:Basic and diluted earnings per share$

0.51$

0.57Basic and diluted weighted average shares21,780,71819,094,000GLOBAL PHARM HOLDINGS GROUP, INC.CONSOLIDATED BALANCE SHEETSAS OF DECEMBER 31, 2010 AND 200920102009ASSETSCurrent assets:Cash and cash equivalents$

4,271,498$

7,455,147Accounts receivable19,771,61911,707,848Inventories16,058,7609,373,762Prepaid expenses1,157,409-Other receivable169,251-Due from related parties-74,568Restricted cash1,538,251-Total current assets42,966,78828,611,325Property, plant and equipment, net210
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SOURCE Global Pharm Holdings Group, Inc.
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