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

m the statement to actual results or changes in the company's expectations.

    For more information, please contact:

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

    ICR, Inc.
     Christine Duan
     Phone: +1-203-682-8200



                           CHINA PHARMA HOLDINGS, INC.
                           CONSOLIDATED BALANCE SHEETS

                                                          December 31,
                                                    2009              2008
    ASSETS
    Current Assets
      Cash and cash equivalents                  $3,634,753        $6,927,149
      Trade accounts receivable, less
       allowance for doubtful
       accounts of $2,718,358 and
       $4,474,175, respectively                  51,238,339        36,008,095
      Other receivables, less allowance
       for doubtful accounts of $3,556
       and $54,242, respectively                     78,525           163,957
      Advances to suppliers                       1,798,446         3,031,694
      Inventory                                  14,233,073        13,139,750
      Deferred tax assets                           319,820           461,596
    Total Current Assets                         71,302,956        59,732,241
    Property and Equipment, net of
     accumulated depreciation of
     $2,020,462 and $1,483,267,
     respectively                                 6,705,873         6,738,368
    Intangible assets, net of accumulated
     amortization of $1,359,048 and
     $547,567, respectively                      19,332,284         6,162,549
    Advances for intangible assets and
     property and equipment                       3,59
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SOURCE  China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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