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Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008


Cash $ 1,382,647 $ 6,420,439

Restricted cash 2,634,400 5,628,500

Accounts receivable, net of

allowance for doubtful accounts of

$437,408and $431,178 as of

September 30, and June 30, 2007,

respectively 6,384,033 5,779,967

Notes receivable 1,854,093 984,675

Other receivables 2,821,218 3,484,484

Other receivables - related

parties 1,006,789 2,491,656

Other receivables - shareholder 1,282,378 1,229,625

Loan to related party 667,000 657,500

Inventories 3,729,407 4,449,267

Prepayments 108,250 140,376

Total current assets 21,870,215 31,266,489

PLANT AND EQUIPMENT, net 35,204,072 30,178,074


Investment in Changle Shengshi

Redian Co., Ltd. 2,990,876 2,675,678

Loan to related party -

non-current 400,200 394,500

Prepayments - non-current 7,992,765 7,429,371

Intangible assets - land use

right, net of accumulated

amortization 2,146,489 1,816,021

Total other assets 13,530,330 12,315,570

Total assets $ 70,604,617 $ 73,760,133


S H A R E H O L D E R S' E Q U I T Y


Accounts payable $ 3,195,664 $ 3,807,997


SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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