China Shenghuo Announces Restated Results For Full Year 2007 & First Quarter 2008, Reports Results For Second & Third Qu...(ital 6193927 61...),Health

Date:11/20/2008

ital 6,193,927 6,193,927 Statutory reserves 147,023 147,023 Retained earnings 1,803,494 4,039,337 Accumulated other comprehensive income, foreign currency translation 1,673,832 929,643 Total Stockholders' Equity 9,820,244 11,311,898 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $33,782,797 $35,335,718 China Shenghuo Pharmaceutical Holdings, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Sale of Products $8,591,297 $6,356,217 $14,077,765 $10,683,342 Cost of Products Sold 2,988,119 1,580,478 5,087,581 2,722,176 Gross Profit 5,603,178 4,775,739 8,990,184 7,961,166 Operating Expenses: Selling expense 4,035,573 2,031,590 5,677,075 3,634,414 General and administrative expense 2,714,259 1,388,866 5,181,837 2,362,471 Research and development expense 70,213 2,472 189,189 5,349 Total Operating Expenses 6,820,045 3,422,928 11,048,101 6,002,234 Income (Loss) from Operations (1,216,867) 1,352,811 (2,057,917) 1,958,932 Other Income (Expense): Interest income 1,848 2,804 5,113 9,266 Income from research and development activities 75,588 79,786 338,625 81,004 Interest expense (435,114) (209,458) (691,196) (389,641) Non-operating expenses (65,337) -- (138,482) -- Net Other Expen
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SOURCE China Shenghuo Pharmaceutical Holdings, Inc. Copyright©2008 PR Newswire. All rights reserved

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