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

3,315,915 Income from operations 19,730,304 12,251,229 Non-operating income (expenses): Interest income 45,168 31,805 Interest expense (131,027) (237,398) Other income (expenses) (103,177) 611,025 Total non-operating income (expense) (189,036) 405,432 Income before income taxes 19,541,268 12,656,661 Income tax (expense) benefit (1,707,618) 162,872 Net income $17,833,650 $12,819,533 Comprehensive income - foreign currency translation adjustments 2,880,314 2,175,433 Comprehensive income $20,713,964 $14,994,966 Earnings Per Share: Basic $0.44 $0.35 Diluted $0.44 $0.34 Weighted Average Shares Outstanding: Basic 40,216,096 37,009,655 Diluted 40,216,096 37,259,909 CHINA PHARMA HOLDINGS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the Years ended December 31, 2008 2007 (Restated) Cash Flows from Operating Activities: Net income $17,833,650 $12,819,533 Depreciation and amortization 719,475 422,443 Compensation paid with warrants 123,794 -- Gain on sale of intangibles -- (580,922) Changes in assets and l
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SOURCE China Pharma Holdings, Inc.
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