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China Shenghuo Reports Unaudited Financial Results for the Second Quarter of 2009
Date:8/14/2009

The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



                    China Shenghuo Pharmaceutical Holdings, Inc.
                         Condensed Consolidated Balance Sheets
                                    (Unaudited)

                                                 June 30,        December 31,
                                                   2009              2008
    ASSETS:
    Current Assets:
    Cash and cash equivalents                     $717,134        $1,612,054
    Accounts and notes receivable, less
     allowance for doubtful accounts of
     $5,969,399and $4,834,745,
     respectively                               10,144,096         9,108,703
    Sales representative advances, less
     allowance for doubtful accounts of
     $3,289,200 and $2,955,516,
     respectively                                6,877,678         8,637,653
    Advances to suppliers                          554,828           446,168
    Inventory, net of reserve for
     obsolescence of $148,181 and
     $147,978, respectively                      3,360,899         4,287,462
    Other current assets                            29,971            41,177
    Total Current Assets                        21,684,606        24,133,217
    Property, plant and equipment, net of
     accumulated depreciation of
     $5,714,934 and $5,341,933,
     respectively                                7,534,993         7,581,664
    Intangible assets, net of accumulated
     amortization of $179,620 and
     $71,456, respectively                         558,808           665,959
    Long-term sales representative
     advances, less allowance for
     doubtful accounts of $667,725 and
     $664,532, respectively                      1,515,858           663,433
    TOTAL ASSETS                               $31,294,265       $
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SOURCE China Shenghuo Pharmaceutical Holdings, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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