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Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008
Date:11/15/2007

URRENT ASSETS:

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

OTHER ASSETS:

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

L I A B I L I T I E S A N D

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

CURRENT LIABILITIES:

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

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

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