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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2007 Results
Date:4/2/2008

roceeds from short-term loan -- 15,832

Proceeds from warrants conversion 515,834 --

Payment to short-term loan (548,350) --

Net cash provided by (used in) financing

activities (32,516) 2,930,832

Effect of exchange rate 1,296,039 132,603

Net increase in cash 2,604,070 3,649,467

Cash and cash equivalents at beginning of year 6,586,800 2,937,333

Cash and cash equivalents at end of year $ 9,190,870 $6,586,800

Supplemental disclosure of cash flow information

Interest paid $ 10,457 $ 36,429

Taxes paid $ 2,359,003 $ 767,701

Non-cash Investing and financing activities:

Cashless exercise of warrants $ 5 $ --

For more information, please contact:

China Sky One Medical, Inc.

Ms. Xiaoyan Han, CFO

Tel: +86-133-5999-3681

Email: tdrhan@163.com

CCG Elite Investor Relations Inc.

Mr. Crocker Coulson, President

Tel: +1-646-213-1915 (New York)

Email: crocker.coulson@ccgir.com


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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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