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China Shenghuo Reports Full Year 2007 Financial Results

osits 3,439,892 1,573,426

Payable to related parties 94,939 393,213

Short-term notes payable 5,334,260 12,758,426

Advances from customers 119,287 342,531

Taxes and related payables 855,084 3,057,471

Current portion of long-term debt 4,101,667 --

Total Current Liabilities 16,708,391 20,856,525

Long-Term Debt 6,836,111 --

Total Liabilities 23,544,502 20,856,525

Minority Interest in Net Assets of

Subsidiaries 655,962 385,067

Stockholders' Equity:

Preferred stock, $0.0001 par value,

10,000,000 shares authorized, 0

shares outstanding -- --

Common stock, $0.0001 par value,

100,000,000 shares authorized,

19,679,400 and 19,119,400

outstanding, respectively 1,968 1,912

Additional paid-in capital 6,193,927 4,829,633

Statutory reserves 147,023 147,023

Retained earnings 6,335,590 2,318,950

Accumulated other comprehensive income,

foreign currency translation 1,031,146 220,873

Total Stockholders' Equity 13,709,654 7,518,391


EQUITY $ 37,910,118 $ 28,759,983





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

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