Navigation Links
China Pharma Holdings, Inc. Reports First Quarter 2012 Financial Results
Date:5/15/2012

ing expenses mainly due to higher labor cost.

For the quarter ended March 31, 2012, the Company's bad debt expense was $320,098, compared to $9,248 in the same period of 2011. The increase was mainly due to the higher percentage of the older accounts receivables.

Operating income was $3.4 million in the first quarter of 2012, down 36% from $5.3 million in the first quarter of 2011. Operating income was lower mainly due to lower revenue and lower gross margins and higher operating expenses in the current period compared to the corresponding quarter one year ago. 

For the quarter ended March 31, 2012, the Company paid income tax at a rate of approximately 15%.  Income tax expense for the first quarter of 2012 was $0.53 million, compared to $0.85 million for the same period last year. The Company obtained "National High-Tech Enterprise" status from the PRC government in the fourth quarter of 2010.  With this designation, the Company is entitled to a preferential tax rate of 15% for three years from 2011 to 2013, which is notably lower than the statutory income tax rate of 25%.

Net income for the first quarter of 2012 was $2.8 million, or $0.06 per basic and diluted share, compared to $5.1 million, or $0.12 per basic and diluted share, in the first quarter of 2011. The decrease of net income from the period a year ago is mainly due to the decrease in sales revenue, falling gross margins and higher operating expenses. Our net income for the first quarter of 2011 also included a positive effect of $0.68 million of derivative gains.

Financial ConditionAs of March 31, 2012, the Company had cash and cash equivalents of $3.3 million compared to $4.1 million as of December 31, 2011.

Working capital increased to $99.9 million at March 31, 2012 from $96.8 million at December 31, 2011.  The current ratio decreased to 6.8 times at March 31, 2012 from 8.0 times at December 31, 2011.

Accounts receivable bal
'/>"/>

SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related medicine technology :

1. China Biologic Products Reports Higher Results for the First Quarter 2012
2. China Biologic Products to Host Earnings Conference Call on May 9, 2012 at 8:00 a.m. EDT (NY)
3. ResearchMoz: Global and China 4A Zeolite Industry 2012 Deep Research Report - Market Research Report
4. Johnson & Johnson (China) Investment Ltd. Acquires Guangzhou Bioseal Biotechnology Co., Ltd.
5. CentraState and Freehold Radiology Group train physicians from China
6. Top buyers including Atico, Coles Group Asia, Kmart, Staples, Office Depot and Target Australia pre-registered to attend Global Sources spring China Sourcing Fairs
7. Professor Vishnu Chaturvedi of New York, USA Gives a Lecture at West China Hospital of Sichuan University
8. China Botanic Announces Results of Annual General Meeting
9. China Shenghuo Pharmaceutical Reports Financial Results for the Full Year 2011
10. ThermoGenesis Announces AABB Accreditation for Cord Blood Products Customer in China
11. Anaphore Announces Acquisition of RuiYi in Shanghai China for GPCR Biologics Drug Discovery Platform
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... MINNEAPOLIS, Jan. 22, 2015  Uroplasty, Inc. (NASDAQ: UPI ... markets innovative proprietary products to treat voiding dysfunctions, today ... ended December 31, 2014.  Global revenue for the ... $4.4 million, a new quarterly revenue record, as compared ...
(Date:1/22/2015)... , Jan. 22, 2015 /PRNewswire/ - Pivotal Therapeutics Inc. (OTCQX:PVTTF; ... a focus on Omega-3 therapies for cardiovascular disease and overall ... the Company,s accomplishments in 2014 and its outlook for 2015 ... Dear Fellow Shareholders, We would like to take ...
(Date:1/22/2015)... MINNEAPOLIS , Jan. 22, 2015  Bio-Techne Corporation (NASDAQ: ... launched Ella, the first member of the new Simple ... ProteinSimple brand.  This launch represents the re-branding of the ... The Simple Plex platform is a transformative immunoassay technology ...
Breaking Medicine Technology:Uroplasty Reports Record Revenue in Fiscal Third Quarter 2Uroplasty Reports Record Revenue in Fiscal Third Quarter 3Uroplasty Reports Record Revenue in Fiscal Third Quarter 4Uroplasty Reports Record Revenue in Fiscal Third Quarter 5Uroplasty Reports Record Revenue in Fiscal Third Quarter 6Uroplasty Reports Record Revenue in Fiscal Third Quarter 7Uroplasty Reports Record Revenue in Fiscal Third Quarter 8Uroplasty Reports Record Revenue in Fiscal Third Quarter 9Uroplasty Reports Record Revenue in Fiscal Third Quarter 10Uroplasty Reports Record Revenue in Fiscal Third Quarter 11Uroplasty Reports Record Revenue in Fiscal Third Quarter 12Uroplasty Reports Record Revenue in Fiscal Third Quarter 13Uroplasty Reports Record Revenue in Fiscal Third Quarter 14Uroplasty Reports Record Revenue in Fiscal Third Quarter 15Uroplasty Reports Record Revenue in Fiscal Third Quarter 16Uroplasty Reports Record Revenue in Fiscal Third Quarter 17Uroplasty Reports Record Revenue in Fiscal Third Quarter 18Pivotal Therapeutics: Year in Review and CEO Update 2Pivotal Therapeutics: Year in Review and CEO Update 3Pivotal Therapeutics: Year in Review and CEO Update 4Pivotal Therapeutics: Year in Review and CEO Update 5Pivotal Therapeutics: Year in Review and CEO Update 6Pivotal Therapeutics: Year in Review and CEO Update 7Bio-Techne Launches Simple Plex Platform 2Bio-Techne Launches Simple Plex Platform 3
... Sept. 24 Cancer treatment specialists,reported yesterday ... provide,faster, more accurate cancer treatments than was ... presentations given at an,"Emerging Technologies" Symposium sponsored ... in connection with the annual meeting of ...
... Ltd,(TASE: BIOV) from Rehovot, Israel, reported today results of its ... detection of lung cancer., In the trial a total ... 1. Healthy individuals that never smoked 2. ... Early stage lung cancer patients (Stage 1) 4. Advanced ...
Cached Medicine Technology:Experts Assert That Varian Technologies Deliver Speed and Clinical Accuracy in Treating Cancer Patients 2Experts Assert That Varian Technologies Deliver Speed and Clinical Accuracy in Treating Cancer Patients 3Experts Assert That Varian Technologies Deliver Speed and Clinical Accuracy in Treating Cancer Patients 4BioView Reports Interim Results of Early Detection Lung Cancer Diagnostic Test 2
(Date:1/22/2015)... Juvent Sports ( http://www.juventsports.com ) and David ... Show to bestow a Juvent Sports Achievement award upon ... McKitrick. The award commemorated and congratulated McKitrick for her ... won her first amateur tournament in 1979 and most ...
(Date:1/22/2015)... 20 years, Dr. David Cruz of Cruz Chiropractic Care ... about every type of injury that can result from car accidents ... years, the team at Doctors on Liens has been ... With the combined breadth of experience between the two, ...
(Date:1/22/2015)... Calif. (PRWEB) January 22, 2015 ... Susan Bonilla (D-Concord) and Kristin Olsen (R-Modesto) were ... their leadership in advancing biotechnology, biomedical science, medical ... and Olsen each received the “2014 Life Sciences ...
(Date:1/22/2015)... DC (PRWEB) January 22, 2015 Payday ... in vulnerable communities and cause financial distress to the ... by analysts at Howard University’s Center on Race and ... dollars in economic activity, payday loans at the same ...
(Date:1/22/2015)... Compare-autoinsurance.org has released a new blog post presenting a ... insurance policy . , Some types of vehicles cannot be ... newly released blog post to see if their vehicle qualifies for ... are some of the cars that cannot be covered by a ...
Breaking Medicine News(10 mins):Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 3Health News:Industry Leading Chiropractor in Oceanside Joins the Doctors on Liens Network 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3Health News:Howard University Spotlights the Economic Impact of Payday Lending in Southern States 2Health News:Some Vehicles Cannot Be Covered By An Auto Insurance Policy! 2
... Progressives Look to Obama Plan as Down Payment on ... more people filing for unemployment than at any time ... crisis since the Great Depression, Campaign for America,s Future ... deliver President Obama ,s electoral victory to rally ...
... Blue Cross and Blue Shield of,Florida, Inc. (BCBSF) ... and Pinellas Counties to offer BlueSelect(R), a new ... This affordable option features a,community based network, allowing ... percent,on services and premiums, without sacrificing quality coverage. ...
... DOWN; CALL OUT FOR BLOOD DONORSWASHINGTON, Jan. 28 The ... people overnight whose homes were without power from the winter ... of the country. According to news reports, the storm has ... moves into the Northeast, bringing with it additional warnings of ...
... New Digest: , , Summary of study ... Journal of Clinical Oncology ,showing no survival ... whose ovaries were left intact during cancer surgery ... Quote for attribution from Beth Karlan, MD, American ...
... 2009Omega-3s ease psychological distress and depressive symptoms often ... researchers at Universit Laval,s Faculty of Medicine. Their ... American Journal of Clinical Nutrition , presents ... for treating common menopause-related mental health problems. , ...
... computers by means of metal electrodes, in the hope of ... healing conditions such as blindness or epilepsy. In the future, ... on nerve cells grown for that purpose. In research that ... , Prof. Elisha Moses of the Physics of Complex Systems ...
Cached Medicine News:Health News:Blue Cross and Blue Shield of Florida Partners with Community Providers to Offer Low-Cost 'BlueSelect' Health Plan for Hillsborough and Pinellas Counties 2Health News:Red Cross Offers Warmth, Shelter as Storm Cuts Power Across the Country 2Health News:Red Cross Offers Warmth, Shelter as Storm Cuts Power Across the Country 3Health News:Study shows younger women with endometrial cancer can safely keep ovaries, avoid early menopause 2Health News:Omega-3s ease depressive symptoms related to menopause 2Health News:Weizmann Institute scientists create working artificial nerve networks 2
Flat handle 9 mm wide, angulated 45....
Delicate curved shafts with light crisscross serrations. Serrated handle with polished finish. Most popular size or model....
Delicate lightly curved tips, 1 x 2 mouse style teeth. Serrated handle with polished finish....
Three 2 mm prongs with 0.1 mm angled tips. 20 gauge (.89 mm) diameter shaft. Lightweight Wilson style squeeze handle with dull finish. Most popular size or model....
Medicine Products: