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China Sky One Medical, Inc. Announces Record First Quarter 2009 Results
Date:5/14/2009

the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

                           Financial Statements Below



                 China Sky One Medical, Inc. and Subsidiaries
       Condensed Consolidated of Income and Other Comprehensive Income
              For the Three Months Ended March 31, 2009 and 2008

                                                 Three Months Ended March 31,
                                                      2009           2008
                                                   Unaudited      Unaudited

    Revenues                                    $  24,833,692  $  12,413,430
    Cost of Goods Sold                              6,040,918      2,860,428
    Gross Profit                                   18,792,774      9,553,002

    Operating Expenses
     Selling, general and administrative            6,877,468      3,956,795
     Depreciation and amortization                    451,372         76,348
     Research and development                       2,412,780        669,833
      Total operating expenses                      9,741,620      4,702,976

    Other Income (Expense)
     Other income                                          --         63,048
     Interest expense                                  11,823         (1,147)
      Total other income (expense)                     11,823         61,901

    Net Income Before Provision for Income Tax      9,062,977      4,911,927

    Provision for Income Taxes
     Current                                        1,820,139      1,047,016

    Net Income                                      7,242,838      3,864,911

    Basic Earnings Per Share                             0.44           0.28
    Basic Weighted Average Shares Outstanding      16,413,920     13,732,269

    Diluted Earnings Per Share   
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SOURCE China Sky One Medical, Inc.
Copyright©2009 PR Newswire.
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