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Shengtai Pharmaceutical, Inc. Reports Second Quarter Fiscal 2009 Financial Results
Date:2/13/2009

19,109,149 20,000,956 Shengtai Pharmaceutical, Inc. Consolidated Balance Sheets As of December 31, 2008 and June 30, 2008 ASSETS December 31, June 30, 2008 2008 (Unaudited) CURRENT ASSETS: Cash $6,881,595 $3,405,606 Restricted cash 6,319,465 6,763,500 Accounts receivable, net of allowance for doubtful accounts of $493,507 and $440,701 as of December 31, 2008 and June 30, 2008, respectively 6,192,651 7,614,236 Notes receivable 703,206 458,630 Other receivables 175,554 691,215 Inventories 6,773,059 5,039,278 Prepayments 217,503 310,381 Loan to related party 440,100 -- Total current assets 27,703,133 24,282,846 PLANT AND EQUIPMENT, net 70,803,112 69,943,021 OTHER ASSETS: Investment in Changle Shengshi Redian Co., Ltd. 3,665,602 3,607,912 Loan to related party - noncurrent -- 437,700 Intangible assets - land use right, net of accumulated amortization 3,032,706 3,042,183 Total other assets 6,698,308 7,087,795 Total assets $105,204,553 $101,313,662 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable
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