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

egarding our future plans, objectives or performance. The Company cannot provide any assurance that its application to list on the American Stock Exchange will be approved or that the liquidity and marketability of its shares will improve. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the inability of the company to meet the listing standards, risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and 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 Tables Follow--

China Sky One Medical, Inc. and Subsidiaries

Audited Consolidated Statements of Operations

Years Ended December 31,

2007 2006

Revenues $ 49,318,308 $ 19,881,715

Cost of Goods Sold 10,939,531 5,063,084

Gross Profit 38,378,777 14,818,631

Operating Expenses

Selling, general and administrative 16,163,577 10,738,285

Depreciation and amortization 443,063 121,522

Research and development 3,158,351 2,026,788

Total operating expenses 19,764,991 12,886,595

Other Income (Expense)

Other income 48,889 --

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

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