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China Pharma Holdings, Inc., Financial Year 2008 Preview
Date:1/21/2009

HAIKOU CITY, China, Jan. 21 /PRNewswire-Asia-FirstCall/ -- China Pharma Holdings, Inc. ("China Pharma") (OTC Bulletin Board: CPHI), which develops, manufactures, and markets specialty pharmaceutical products in China, today announced a financial preview.

According to the unaudited financial data for the financial year 2008, China Pharma achieved record high revenues. The Company's work to strengthen accounts receivable collection led to clear improvements in collection, and effective control of accounts receivable. The Company also realized record high positive cash flow in operating activity. The sales revenue improved by over 50% compared to the previous year, while the net income improved by over 35% compared to the previous year.

China Pharma's President and CEO, Ms. Zhilin Li commented, ''I am very happy to announce record-breaking revenue for the financial year 2008, and also the success of our efforts to strengthen the collection of accounts receivable and to achieve record high positive operating cash flow. Our deepened penetration into our broad distribution network, and our strong sales force positioned us to gain greater market share. In addition, our diverse product mix addressing diseases of greatest incidence and highest mortality in China has allowed us to generate more brand awareness on an ongoing basis. Our new products with high market potential to be launched this year will support our strong financial performance.''

The Company expects to announce more detailed information including audited fourth quarter and full year 2008 results in a press release and conference call to be scheduled in March 2009.

About China Pharma Holdings, Inc.

China Pharma Holdings, Inc. is a specialty pharmaceutical company with rapidly growing profit that develops, manufactures, and markets treatments for a wide range of high incidence and high mortality conditions i
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SOURCE China Pharma Holdings, Inc.
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