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

$(0.19) $(0.08) (0.34) (0.12) Diluted $(0.19) $(0.08) (0.34) (0.12) Weighted-Average Shares Outstanding Basic 19,679,400 19,679,400 19,679,400 19,679,400 Diluted 19,679,400 19,679,400 19,679,400 19,679,400 China Shenghuo Pharmaceutical Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) Six months ended June 30, 2009 2008 Cash Flows from Operating Activities: Net loss $(6,737,047) $(2,390,129) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 473,840 429,102 Noncontrolling interest in loss of subsidiaries (248,365) (165,334) Change in current assets and liabilities: Allowance for doubtful accounts 1,460,256 1,962,910 Accounts and notes receivable (2,212,347) -- Sales representative advances 588,553 (134,786) Advances to suppliers (505,648) 30,685 Inventory 932,665 409,441 Other current assets 11,265 129,901 Accounts payable 805,273 642,217 Accrued expenses 6,001,346 (1,220,462) Deposits (298,736) -- Advances from customers 652,055 2,362 Taxes and related payables 58,3
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SOURCE China Shenghuo Pharmaceutical Holdings, Inc.
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