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

ssets (66,148) (42,782) Land and construction deposit -- (710,656) Purchase of subsidiary-Heilongjiang Haina Pharmaceutical, Inc. -- (427,838) Cash of subsidiary upon acquisition -- 82,715 Purchase of intangible assets (3,651) (7,139) Net cash used in investing activities (69,799) (1,105,700) Cash flows from financing activities Sale of common stock for cash, net of offering costs -- 23,487,963 Proceeds from warrants conversion 29,169 739,588 Net cash provided by financing activities 29,169 24,227,551 Effect of exchange rate changes on cash 48,462 727,694 Net increase in cash and cash equivalents 8,500,481 29,047,124 Cash and cash equivalents at beginning of period 40,288,116 9,190,870 Cash and cash equivalents at end of period $48,788,597 $38,237,994 Supplemental disclosure of cash flow information Interest paid $ -- $ 1,157 Taxes paid $ 2,106,956 $ 944,230 For more information, please contact: Company Contact: China Sky One Medical, Inc. Mr. Yu-Bo Hao, CFO Tel: +86-451-5399-4069 Email: china_sky_one@yahoo.cn Investor Relations Contact: CCG Investor Relations Mr. Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com
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SOURCE China Sky One Medical, Inc.
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