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China Dongsheng International Announces Fiscal Year 2008 Second Quarter Financial Results

Three-Month Ended

December December December December

31, 2007 31, 2006 31, 2007 31, 2006

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Sales $18,389,721 $18,366,646 $10,005,710 $10,493,470

Cost of Sales 4,448,761 7,640,472 1,497,256 4,402,089

Gross Profit 13,940,960 10,726,174 8,508,454 6,091,381

Operating Expenses

Selling, general

and administrative 2,818,527 485,248 2,281,877 403,606


income 11,122,433 10,240,926 6,226,577 5,687,775

Other Income and


Interest income 5,795 35 2,539 23

Other income

(expense) -- 166,142 1,310 89,416

Total Other Income 5,795 166,177 3,849 89,439

Income Before Income

Taxes 11,128,228 10,407,103 6,230,426 5,777,214

(Benefit) provision

for Income Taxes

Income tax

benefit (19,392,018) -- -- --

Provision for

income taxes 3,550,184 3,434,344 1,904,178 1,910,514

Total (benefit)

provision for

income taxes (15,841,834) 3,434,344 1,904,178 1,910,514

Net Income 26,970,062 6,972,759 4,326,248 3,866,700

Safe Harbor Statement

The statements contained herein that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates'

SOURCE China Dongsheng International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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