Net income for the fiscal year second quarter ended December 31, 2007 increased 11.8% to $4,326,248 million compared to $3,866,700 million for the same period 2006.
On the balance sheet, total net assets for the fiscal year second quarter of 2008 were $49.4 million.
About China Dongsheng International, Inc.
China Dongsheng International, Inc., through its 100%-owned subsidiary,
Jilin Dongsheng Weiye Science and Technology Development Co., Ltd, is
engaged in the development and manufacture of nutritional supplements and
personal care products domestically in China. The Company sells these
products through approximately 200,000 distributors (with 18,000 full time
salespersons) and 2,500 retail outlets (with over 400 exclusive franchise
stores) in twenty-six provinces throughout China.
CHINA DONGSHENG INTERNATIONAL, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
December 31, 2007
Cash and cash equivalents $817,151
Accounts receivable - net of allowance for
doubtful accounts of $40,000 230,435
Prepaid expenses 275
Advances to suppliers 301,712
Other receivable 8,506
Total Current Assets 1,423,497
Property and equipment, net of
accumulated depreciation of $653,051 43,158,276
|SOURCE China Dongsheng International, Inc.|
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