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

e forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

--Financial tables below--

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2007 AND 2006

A S S E T S

2007 2006

CURRENT ASSETS:

Cash $ 6,420,439 $ 502,457

Restricted cash 5,628,500 3,881,200

Accounts receivable, net of allowance for

doubtful accounts of

$431,178, $357,970 and $233,976 as of

June 30, 2007, 2006 and 2005, respectively 5,779,967 3,531,810

Notes receivable 984,675 358,920

Other receivables 3,484,484 369,884

Other receivables - related parties 2,491,656 --

Other receivables - shareholder 1,229,625 --

Loan to related party 657,500 --

Inventories 4,449,267 1,895,878

Prepayments 140,376 231,352

Prepayments - related party -- 1,378,133

Total current assets 31,266,489 12,149,634

PLANT AND EQUIPMENT, net 30,178,074 14,562,974

OTHER ASSETS:

Investment in Changle Shengshi Redian

Co., Ltd. 2,675,678 2,245,086

Loan to related party - non-current 394,500
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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