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

iabilities: Trade accounts receivable (15,937,676) (5,413,718) Other receivables 273,086 (32,234) Advances to suppliers (87,978) (1,881,451) Inventory 2,243,138 (3,325,681) Deferred tax assets (257,447) (162,872) Deferred offering costs -- 60,952 Trade accounts payable 720,659 (204,372) Accrued expenses (219,301) 73,451 Accrued taxes payable 825,119 126,812 Other payables (48,072) 20,558 Other payables - related parties (52,804) -- Advances from customers 407,617 105,573 Net Cash from Operating Activities 6,543,260 2,028,072 Cash Flows from Investing Activities: Purchase of property and equipment (199,645) (51,841) Construction in progress (4,111,045) -- Purchase of intangible assets (4,184,080) (2,937,431) Advances for purchases of intangibles property and equipment (1,946,479) 773,906 Proceeds from the sale of intangibles -- 1,509,741 Net Cash from Investing Activities (10,441,249) (705,625) Cash Flows from Financing Activities: Proceeds from sale of common stock 9,268,938 3,797,183 Proceeds from exercise of warrants -- 119,000 Proceeds from short term notes payable 2,441,739 2,586,252 Payments of short term notes payable (2,829,545) (6
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SOURCE China Pharma Holdings, Inc.
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