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China Shenghuo Reports Full Year 2007 Financial Results
Date:4/1/2008

Years Ended

December 31,

2007 2006

Sale of Products $ 19,973,918 $ 19,959,971

Cost of Products Sold 5,038,290 6,400,234

Gross Profit 14,935,628 13,559,737

Operating Expenses:

Selling expense 6,840,824 5,255,907

General and administrative expense 4,935,754 3,903,287

Research and development expense 272,295 28,001

Total Operating Expenses 12,048,873 9,187,195

Income from Operations 2,886,755 4,372,542

Other Income (Expense):

Interest income 22,431 7,791

Income from research and development

activities 448,254 105,053

Interest expense (946,456) (757,432)

Non-operating expenses (78,164) (6,932)

Net Other Expense (553,935) (651,520)

Income Before Income Taxes 2,332,820 3,721,022

Benefit from (provision for) income

taxes 1,978,963 (406,082)

Minority interest in income of

subsidiaries (295,143) (313,444)

Net Income $ 4,016,640 $ 3,001,496

Foreign currency translation

adjustment 810,273 176,060

Comprehensive Income $ 4,826,913 $ 3,177,556

Earnings Per Share

Basic $ 0.21 $ 0.17


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SOURCE China Shenghuo Pharmaceutical Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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