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China Pharma Holdings, Inc. Reports Record 2008 Year End Financial Results and Corporate Updates
Date:3/17/2009

les - related parties 75,741 -- Short-term notes payable 2,480,231 2,693,428 Total Current Liabilities 5,567,309 3,910,781 Research and development commitments 36,474 34,181 Total Liabilities 5,603,783 3,944,962 Stockholders' Equity: Common stock, $0.001 par value, 60,000,000 shares authorized, 42,278,938 and 37,278,938 shares issued and outstanding, respectively 42,279 37,279 Additional paid-in capital 21,066,338 11,678,606 Retained earnings 43,039,819 25,206,169 Foreign currency translation adjustment 5,719,618 2,839,304 Total Stockholders' Equity 69,868,054 39,761,358 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $75,471,837 $43,706,320 CHINA PHARMA HOLDINGS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME For the Years ended December 31, 2008 2007 Revenue $50,968,660 $33,186,324 Cost of revenue 25,678,239 17,619,180 Gross profit 25,290,421 15,567,144 Operating expenses: Selling expenses 2,040,596 1,436,609 General and administrative expenses 1,671,715 1,139,160 Bad debt expense 1,847,806 740,146 Total operating expenses 5,560,117
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SOURCE China Pharma Holdings, Inc.
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