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China Sky One Medical, Inc. Announces Record Third Quarter 2008 Results
Date:11/10/2008

sued and outstanding) -- --

Common stock ($0.001 par value,

20,000,000 shares authorized,

15,884,939 and 12,228,363 issued

and outstanding, respectively) 15,885 12,228

Additional paid-in capital 34,153,060 9,572,608

Accumulated other

comprehensive income 9,424,346 2,271,843

Retained earnings 42,307,147 20,388,134

Total stockholders' equity 85,900,438 32,244,813

$ 95,007,028 $ 37,285,206 China Sky One Medical, Inc. and Subsidiaries Consolidated Statements of Cash Flows

Nine Months Ended September 30,

2008 2007

(Unaudited) (Unaudited)

Cash flows from operating activities

Net Income $21,919,013 $11,227,915

Adjustments to reconcile net cash

provided by operating activities

Depreciation and amortization 523,375 355,811

Share-based compensation expense 30,351 225,351

Net change in assets and liabilities

Accounts receivables and other

receivables 1,618,365 (4,562,183)

Inventories (1,431,757) (695,618)

Prepaid expenses and other (10,763) 84,714

Accounts payable and accrued

liabilities 1,375,209 2,229,397

Advances by customers -- (67,541)

Wages payable 258,537 119,678

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

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