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Shengtai Pharmaceutical, Inc. Reports Record 2007 Annual Results
Date:9/28/2007

(7,225,790) (1,155,999)

Loan to related party (1,024,720) --

Net cash used in investing activities (21,151,410) (7,512,613)

CASH FLOWS FROM FINANCING ACTIVITIES:

Increase in restricted cash (1,524,720) (279,045)

Borrowings on notes payable - banks 8,710,120 12,201,088

Payments on notes payable - banks (7,173,040) (10,743,853)

Borrowings on short term loans 24,785,415 8,979,048

Payments on short-term loans (15,178,665) (8,358,948)

Borrowings on employee loans 384,224 431,111

Payments on employee loans (458,632) (113,060)

Borrowings on employee loan - officer 1,281 --

Payments on employee loan - officer (96,580) --

Borrowings on third party loan 251,378 57,319

Borrowings on long term loans -- 992,160

Payments on long-term loans (1,549,889) (868,140)

Cash proceeds from issuance of common stock 15,256,428 --

Payments of amounts due officer (1,925,996) --

Proceeds from capital contribution receivable 696,371 --

Dividend paid to shareholders -- (1,664,503)

Net cash provided by financing activities 22,177,695 633,177

EFFECTS OF EXCHANGE RATE CHANGE IN CASH (160,805) 25,408

INCREASE (DECREASE) IN CASH 5,917,982 (325,726)

CASH, beginning of year 502,457 828,183

CASH, end of year $6,420,439 $ 502,457

For more information, please contact:

Mr. Philips Zhang

CFO

Shengtai Pharmaceutical, Inc.

Tel: +86- 5
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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