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

tailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. The 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 except as required by applicable law or regulation.

Contact:
China Pharma Holdings, Inc.
Phone: +86-898-6681-1730 (China)
Email: hps@chinapharmaholdings.com 

 - FINANCIAL TABLES FOLLOW -  CHINA PHARMA HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSMarch 31,December 31,20122011ASSETSCurrent Assets:Cash and cash equivalents$
3,319,806$
4,050,854Banker's acceptances365,28583,512Trade accounts receivable, less allowance for doubtfulaccounts of $3,876,469 and $3,536,405, respectively73,546,11169,695,556Other receivables, less allowance for doubtfulaccounts of $41,106 and $38,921, respectively75,60455,039Advances to suppliers4,871,9285,778,841Inventory34,323,34530,378,658Deferred tax assets617,753566,226Total Current Assets117,119,832110,608,686Advances for purchases of property and equipment171,402170,323Advances for purchases of intangible assets37,212,57036,194,494Property and equipment, net of accumulated depreciation of$3,624,697 and $3,391,124, respectively6,170,7446,334,817Intangible assets, net of accumulated amortization of$3,213,631 and $3,041,804, respectively2,949,6253,082,671TOTAL ASSETS$ 163,624,173$ 156,390,991LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Trade accounts payable$
5,853,875$
3,112,385Accrued expenses145,212184,017Accrued taxes payable3,544,8783,082,353Other payables890,698784,697Advances from customers2,015,3801,784,474Other payables - related parties861,563899,314Short-term notes payable3,956,6423,931,745Total Current Liabilities17,268,24813,778,985Long-t
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SOURCE China Pharma Holdings, Inc.
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