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

rm liabilities 3,661,472 1,001,600

Total liabilities 42,129,557 24,614,027

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,

18,875,351, 10,125,351, and 10,125,351

shares issued and outstanding as June 30,

2007, 2006 and 2005, respectively 18,875 10,125

Paid-in capital 19,163,549 3,915,871

Capital contribution receivable -- (1,925,996)

Statutory reserves 1,735,484 1,001,088

Retained earnings 9,885,670 3,470,940

Accumulated other comprehensive income 826,998 185,402

Total shareholders' equity 31,630,576 6,657,430

Total liabilities and shareholders'

equity $ 73,760,133 $ 31,271,457

SHENGTAI PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

FOR THE YEARS ENDED JUNE 30, 2007 AND 2006

2007 2006

SALES REVENUE $ 51,706,215 $ 36,029,179

COST OF SALES 39,527,662 27,568,092

GROSS PROFIT 12,178,553 8,461,087

SELLING, GENERAL AND ADMINISTRATIVE

EXPENSES 4,674,679 3,831,778

INCOME FROM OPERATIONS 7,503,874 4,629,309


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

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