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China Pharma Holdings, Inc. Reports Full Year 2009 Financial Results
Date:3/5/2010

2009 2008 Revenue $61,696,620 $50,968,660 Cost of revenue 36,046,259 25,678,239 Gross profit 25,650,361 25,290,421 Operating expenses Selling expenses 2,705,550 2,040,596 General and administrative expenses 2,147,081 1,671,715 Bad debt expense (benefit) (1,816,785) 1,847,806 Total operating expenses 3,035,846 5,560,117 Income from operations 22,614,515 19,730,304 Interest income 30,695 45,168 Interest expense (154,182) (131,027) Other income (expense) 3,540 (103,177) Income before income taxes 22,494,568 19,541,268 Provision for income taxes (2,261,519) (1,707,618) Net income 20,233,049 17,833,650 Other comprehensive income - foreign currency translation adjustment 183,189 2,880,314 Comprehensive income $20,416,238 $20,713,964 Basic and diluted earnings per share $0.48 $0.44 CHINA PHARMA HOLDINGS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2009 2008 Cash Flows from Operating Activities Net income $20,233,049 $17,833,650 Depreciation and amortization 1,368,888 719,475 Bad debt expense (benefit)
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SOURCE China Pharma Holdings, Inc.
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