China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 20... ( HARBIN China April 2 2008 /Xinhua...)

China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2007 Results

Date:4/2/2008

HARBIN, China, April 2, 2008 /Xinhua-PRNewswire-FirstCall/ -- China Sky One Medical, Inc. (OTC Bulletin Board: CSKI) ("China Sky One" or "the Company"), a manufacturer, marketer and distributor of pharmaceutical, medicinal and diagnostic products in China, today announced record financial results for the fourth quarter and fiscal year ended December 31, 2007.

Fourth Quarter 2007 Highlights

-- Total revenues increased to $12.7 million, up 223% from the fourth

quarter of 2006

-- Gross profit reached $9.9 million, up 201% from the fourth quarter of

2006

-- Operating income totaled $4.9 million, up from a loss of $532,262 in

the fourth quarter of 2006

-- Net income increased to $4.1 million, or $0.31 per diluted share, up

from a loss of $1.0 million, or ($0.08) per diluted share, in the

fourth quarter of 2006

Full Year 2007 Highlights

-- Total revenues increased 148% in 2007 to $49.3 million

-- Gross profit increased 159% in 2007 to $38.4 million

-- Gross profit margin increased 328 basis points to 77.8%

-- Operating income increased 863% to $18.6 million

-- Net income increased to $15.3 million, or $1.15 per diluted share, up

from $0.6 million, or $0.05 per diluted share in 2006

-- New Bio-Chemical Products series generated $3 million in revenue in

2007

-- Began exporting to overseas markets, generating $12.4 million in

revenues

-- Entered into an exclusive strategic partnership with Takasima

Industries to sell the Company's patch products in Malaysia

"This was a very successful year for China Sky One, both in terms of financial performance and the execution of our business strategy. We achieved significant growth in revenues, due in large part to our strategy of hiring direct territory managers and sales agents to assure that our products and their benefits are reaching our customers.
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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 20...( HARBIN China April 2 2008 /Xinhua...),Health