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

247)(72,955)Advances to suppliers944,949794,570Inventory(2,619,634)(2,525,349)Trade accounts payable2,725,945(1,261,422)Accrued expenses11,517194,444Accrued taxes payable443,684184,552Other payables54,33744,932Advances from customers219,942574,632Net Cash Provided by Operating Activities119,7061,386,476Cash Flows from Investing Activities:Net investment in banker's acceptances-(467,902)Advances for purchases of property and equipment and intangible assets(790,092)(848,378)Purchase of property and equipment(7,926)(60,949)Net Cash Used in Investing Activities(798,018)(1,377,229)Cash Flows from Financing Activity:Proceeds from related party loan-67,919Net Cash Provided by Financing Activity-67,919Effect of Exchange Rate Changes on Cash(52,736)34,393Net Increase in Cash and Cash Equivalents(731,048)111,559Cash and Cash Equivalents at Beginning of Period4,050,8543,692,086Cash and Cash Equivalents at End of Period$3,319,806$3,803,645Supplemental Cash Flow Information:Cash paid for interest$
75,567$
58,170Cash paid for income taxes274,587385,546Supplemental Noncash Investing and Financing Activities:Accounts payable for purchases of property and equipment

$   144,057$   143,839Accounts receivable collected with banker's acceptances1,420,102-Inventory purchased with banker's acceptances1,138,429- 


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SOURCE China Pharma Holdings, Inc.
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