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Nutrastar International Inc. Announces Record Second Quarter 2010 Results
Date:8/16/2010

Property, plant and equipment, net 10,174,213 10,396,507 Total assets $ 46,572,751 $ 34,342,380 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 55,214 $ 863 Other payables and accruals 380,184 453,504 Payable for intangible assets 883,535 878,709 Income tax payable 241,032 319,873 Due to related parties 551,665 49,794 Preferred stock dividend payable 13,748 -- Acquisition payable 8,784,821 8,736,833 Total current liabilities 10,910,199 10,439,576 Warrants liabilities 1,006,279 -- Total liabilities 11,916,478 10,439,576 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Preferred Stock, $0.001 par value, 1,000,000 shares authorized, 197,706 shares and none shares issued and outstanding, respectively; aggregate liquidation preference amount: $5,535,768 and $nil, plus accrued but unpaid dividend of $13,748 and $nil, at June 30, 2010 and December 31, 2009, respectively 4,554,406 -- Common stock, $0.001 par value, 190,000,000 shares authorized, 14,332,731 and 14,297,731 shares issued and outstanding 14,333 14,298 Additional paid-in capital 6,356,116 4,715,891 Statutory reserves 1,345,894 1,341,687 Retained earnings 21,234,521 16,858,012 Accumulated other comprehensive income 1,151,003 972,916 Total shareholders' equity 34,656,273 23,902,804 Total liabilities and shareholders' equity $ 46,572,751 $ 34,342,380 CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (AMOUNTS EXPRESSED IN US DOLLARS) For the Three Months For the Six Months Ended June 30, Ended June 30, 2010 2009 2010 2009 Revenue $5,458,152 $3,339,762 $10,226,547 $7,983,039 Cost of goods sold (888,415) (1,183,805) (1,944,930) (2,939,751) Gross profit 4,569,737 2,155,957 8,281,617 5,043,288 Selling expenses (233,310) (81,574) (405,028) (193,119) General and administrative expenses (547,331) (354,696) (977,117) (658,211) Income from operations 3,789,096 1,719,687 6,899,472 4,191,958 Other income (expenses): Interest income 33,719 39,849 66,796 52,584 Exchan
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