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Kun Run Biotechnology, Inc. Year-End Revenues Increase 56% to $11.6 million
Date:4/1/2009

Earnings per share: basic and diluted $0.24 $0.05 Weighted average number of shares outstanding: basic and diluted 24,467,808 24,250,000 Kun Run Biotechnology, Inc. and Subsidiaries Consolidated Balance Sheets As Of December 31, 2008 and 2007 Expressed in U.S. dollars As of December 31, 2008 2007 ASSETS Current assets Cash and cash equivalents $433,599 $670,919 Trade receivables, net 4,732,750 3,460,416 Bills receivable 117,360 -- Other receivables, prepayments and deposits 985,683 1,418,700 Receivables from disposal of properties 2,061,793 -- Inventories 689,415 527,308 Income tax recoverable -- 196,065 Amounts due from related companies 5,595,307 68,950 Deferred taxes 8,362 27,220 Total current assets 14,624,269 6,369,578 Intangible assets 111,004 5,379 Property, plant and equipment, net 9,685,374 8,851,242 Land use rights 3,775,540 3,593,265 Deposit for acquisition of property, plant and equipment 445,691 943,022 TOTAL ASSETS $28,641,878 $19,762,486 As of December
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