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

s payable - related party 1,122,569 949,992

Notes payable - banks 4,268,800 8,942,000

Short term loans 16,394,860 18,870,250

Accrued liabilities 183,695 229,643

Other payable 1,741,194 1,526,903

Employee loans 513,584 596,516

Third party loan 322,872 318,274

Customer deposit 2,008,691 796,228

Long term loan - current maturity 386,860 381,350

Taxes payable 2,726,465 2,048,932

Total current liabilities 32,865,254 38,468,085

LONG TERM LIABILITIES

Other payable - non-current 3,411,179 3,661,472

Total long term liabilities 3,411,179 3,661,472

Total liabilities 36,276,433 42,129,557

COMMITMENTS AND CONTINGENCIES -- --

SHAREHOLDERS' EQUITY:

Preferred stock, $0.001 par value,

5,000,000 shares authorized, no

shares issued and outstanding -- --

Common stock, $0.001 par value,

100,000,000 shares authorized,

18,875,000 and 18,875,000

shares issued and outstanding

as of September 30, and June 30,

2007, respectively 18,875 18,875

Paid-in capital 19,163,549 19,163,549

Statutory reserves 1,735,484 1,735,484

Retained earnings 12,138,181 9,885,670

Accumulated other comprehensive

income 1,272,095
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
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