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Shengtai Pharmaceutical, Inc. Reports Third Quarter Results of Fiscal Year 2008
Date:5/16/2008

1,229,625

Loan to related party -- 657,500

Inventories 6,222,975 4,449,267

Prepayments 805,641 140,376

Total current assets 22,262,679 31,266,489

PLANT AND EQUIPMENT, net 41,998,981 30,178,074

OTHER ASSETS:

Investment in Changle Shengshi

Redian Co., Ltd. 3,395,183 2,675,678

Loan to related party -

non-current 428,400 394,500

Prepayments - non-current 17,979,164 7,429,371

Intangible assets - land use

right, net of accumulated

amortization 2,272,278 1,816,021

Total other assets 24,075,025 12,315,570

Total assets $ 88,336,685 $ 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 $ 5,224,288 $ 3,807,997

Accounts payable - related

parties 507,612 949,992

Notes payable - banks 4,284,000 8,942,000

Short term loans 21,934,080 18,870,250

Accrued liabilities 135,731 229,643

Other payable 2,407,234 1,526,903

Employee loans 1,651,578 596,516

Employee loan - officer 52,572 --

Third party loan 421,776 318,274

Customer deposit 1,181,468 796,228


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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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